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

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading on Wednesday. Stock investors acquired 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

Wall Street Analyst Weigh In

Several analysts have commented on MDB shares. Piper Sandler boosted their target price on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Scotiabank lifted their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. DA Davidson increased their target price on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer raised their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Tigress Financial decreased their price target on MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research note on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares in the company, valued at approximately $263,341,386. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at approximately $20,668,230.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $3,168,810 in the last 90 days. Company 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. Centaurus Financial Inc. lifted its stake in MongoDB by 6.5% during the second quarter. Centaurus Financial Inc. now owns 2,456 shares of the company’s stock worth $614,000 after purchasing an additional 149 shares during the period. Newbridge Financial Services Group Inc. raised its holdings in shares of MongoDB by 25.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,400 shares of the company’s stock worth $350,000 after buying an additional 285 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter worth approximately $1,860,000. Sycomore Asset Management boosted its stake in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after buying an additional 24,827 shares in the last quarter. Finally, Truist Financial Corp grew its position in MongoDB by 15.9% in the second quarter. Truist Financial Corp now owns 40,184 shares of the company’s stock valued at $10,044,000 after acquiring an additional 5,509 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Down 0.5 %

NASDAQ MDB opened at $253.00 on Friday. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The stock has a market cap of $18.56 billion, a PE ratio of -90.04 and a beta of 1.15. The firm has a 50-day simple moving average of $261.73 and a 200 day simple moving average of $291.54.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) EPS. On average, research analysts forecast that MongoDB will post -2.44 EPS for the current year.

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.