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

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

MongoDB Trading Up 0.7 %

Shares of NASDAQ MDB opened at $190.06 on Thursday. The stock has a market cap of $14.15 billion, a P/E ratio of -69.36 and a beta of 1.30. The stock has a 50 day moving average of $253.21 and a two-hundred day moving average of $270.89. MongoDB has a twelve month low of $173.13 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, research analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,139 shares of company stock worth $11,328,869. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $29,000. Hilltop National Bank increased its stake 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 during the period. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares in the last quarter. Finally, NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter worth about $35,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Robert W. Baird cut their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Bank of America lowered their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Loop Capital cut their target price on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, Macquarie decreased their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $320.70.

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.