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

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the target of unusually large options trading activity on Wednesday. Investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.

Wall Street Analysts Forecast Growth

MDB has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. UBS Group boosted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Bank of America increased their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Citigroup boosted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $334.25.

Check Out Our Latest Report on MongoDB

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the sale, the director now owns 1,131,006 shares of the company’s stock, valued at $289,820,287.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the transaction, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,281 shares of company stock valued at $6,657,121. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in MongoDB by 23.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,143 shares of the company’s stock valued at $4,094,000 after purchasing an additional 2,858 shares during the period. MetLife Investment Management LLC increased its position in shares of MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after buying an additional 72 shares during the period. BNP Paribas bought a new position in MongoDB in the third quarter worth about $527,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in MongoDB during the 3rd quarter valued at approximately $25,636,000. Finally, Freedom Investment Management Inc. grew its holdings in shares of MongoDB by 22.4% during the 3rd quarter. Freedom Investment Management Inc. now owns 1,226 shares of the company’s stock worth $332,000 after acquiring an additional 224 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 3.3 %

MDB traded down $9.85 on Thursday, hitting $291.04. 223,654 shares of the company were exchanged, compared to its average volume of 1,423,989. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The firm has a fifty day simple moving average of $277.90 and a two-hundred day simple moving average of $275.28. The stock has a market capitalization of $21.50 billion, a PE ratio of -99.63 and a beta of 1.15.

MongoDB (NASDAQ:MDBGet Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.63) earnings per share. Sell-side analysts expect that MongoDB will post -2.39 earnings per share for the current year.

About MongoDB

(Get Free Report)

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.

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