MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading on Wednesday. Investors acquired 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.

Insider Activity

In related news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 42,491 shares of company stock worth $11,543,480 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of MongoDB in the 4th quarter valued at $90,478,000. Arizona State Retirement System raised its position in MongoDB by 1.9% during the 4th quarter. Arizona State Retirement System now owns 21,421 shares of the company’s stock worth $4,987,000 after purchasing an additional 406 shares during the last quarter. Aigen Investment Management LP raised its position in MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares during the last quarter. Proficio Capital Partners LLC bought a new position in MongoDB during the 4th quarter worth $10,135,000. Finally, J.Safra Asset Management Corp raised its position in MongoDB by 72.0% during the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock worth $91,000 after purchasing an additional 162 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $278.10 on Friday. The business’s 50 day simple moving average is $268.90 and its 200 day simple moving average is $270.32. The company has a market capitalization of $20.71 billion, a P/E ratio of -101.50 and a beta of 1.28. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several recent analyst reports. Mizuho increased their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays decreased their target price on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Tigress Financial increased their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group increased their target price on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

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.