MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

MongoDB Trading Down 4.7 %

Shares of MDB stock opened at $270.40 on Friday. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The business’s 50 day moving average is $273.75 and its two-hundred day moving average is $280.31. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market cap of $19.83 billion, a PE ratio of -99.64 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the firm posted ($0.63) EPS. The company’s revenue was up 12.8% on a year-over-year basis. Equities analysts predict that MongoDB will post -2.39 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Tigress Financial reduced their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, July 11th. UBS Group raised their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Truist Financial upped their target price on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Piper Sandler raised their price target on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Needham & Company LLC upped their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $337.96.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the completion of the transaction, the director now directly owns 1,131,006 shares in the company, valued at $289,820,287.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the sale, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,281 shares of company stock valued at $5,848,411 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of MongoDB by 2.3% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 182,727 shares of the company’s stock worth $65,533,000 after buying an additional 4,034 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in MongoDB by 650.2% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,214 shares of the company’s stock valued at $1,870,000 after acquiring an additional 4,519 shares during the period. New Century Financial Group LLC raised its stake in MongoDB by 9.5% during the first quarter. New Century Financial Group LLC now owns 610 shares of the company’s stock worth $219,000 after acquiring an additional 53 shares in the last quarter. Teamwork Financial Advisors LLC boosted its stake in shares of MongoDB by 51.9% in the 1st quarter. Teamwork Financial Advisors LLC now owns 1,802 shares of the company’s stock valued at $646,000 after purchasing an additional 616 shares in the last quarter. Finally, SpiderRock Advisors LLC bought a new stake in shares of MongoDB in the 1st quarter worth about $320,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

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.