Traders Purchase High Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the average volume of 1,660 call options.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Mizuho upped their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Rosenblatt Securities restated a “buy” rating and set a $350.00 price target on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $320.70.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $189.30 on Friday. MongoDB has a fifty-two week low of $173.13 and a fifty-two week high of $387.19. The company has a 50 day simple moving average of $252.02 and a two-hundred day simple moving average of $270.33. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of -69.09 and a beta of 1.30.

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

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC purchased a new stake in shares of MongoDB during the fourth quarter valued at approximately $606,000. Geode Capital Management LLC boosted its holdings in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MongoDB in the third quarter worth approximately $4,366,000. Charles Schwab Investment Management Inc. boosted its holdings in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in MongoDB in the fourth quarter worth approximately $3,515,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.