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

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.

MongoDB Price Performance

NASDAQ MDB opened at $192.98 on Friday. The company has a market capitalization of $14.37 billion, a P/E ratio of -70.43 and a beta of 1.30. MongoDB has a 12 month low of $192.79 and a 12 month high of $413.87. The company’s 50 day simple moving average is $262.69 and its 200 day simple moving average is $274.71.

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MDB shares. Tigress Financial lifted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday. Truist Financial dropped their price target on MongoDB from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus cut their price target on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday. Finally, DA Davidson boosted their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $322.61.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,314 shares of company stock worth $13,337,753. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in MongoDB during the fourth quarter valued at about $13,270,000. Azzad Asset Management Inc. ADV raised its holdings in shares of MongoDB by 17.7% during the fourth quarter. Azzad Asset Management Inc. ADV now owns 7,519 shares of the company’s stock valued at $1,750,000 after acquiring an additional 1,132 shares during the period. Infinitum Asset Management LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $8,148,000. Polar Asset Management Partners Inc. acquired a new position in MongoDB in the 4th quarter worth approximately $14,458,000. Finally, Mackenzie Financial Corp grew its position in MongoDB by 47.8% during the 4th quarter. Mackenzie Financial Corp now owns 5,731 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,854 shares in the last quarter. 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.