MongoDB Target of Unusually Large Options Trading (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading on Wednesday. Investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the typical volume of 1,056 put options.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 1,245 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the sale, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB during the 4th quarter worth approximately $29,000. Hilltop National Bank grew its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the 3rd quarter valued at $36,000. Continuum Advisory LLC grew its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares in the last quarter. Finally, NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MDB. UBS Group set a $350.00 price objective on MongoDB in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Wells Fargo & Company cut MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Bank of America cut their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $320.70.

MongoDB Stock Up 0.7 %

Shares of MongoDB stock opened at $190.06 on Thursday. MongoDB has a 12-month low of $173.13 and a 12-month high of $387.19. The stock has a market cap of $14.15 billion, a P/E ratio of -69.36 and a beta of 1.30. The business’s 50 day moving average is $253.21 and its 200-day moving average is $270.89.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the company earned $0.86 EPS. On average, sell-side analysts expect that MongoDB will post -1.78 EPS for the current year.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.