MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading activity on Wednesday. Stock 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 Price Performance

Shares of NASDAQ:MDB opened at $192.98 on Friday. MongoDB has a 1 year low of $192.79 and a 1 year high of $413.87. The company has a market capitalization of $14.37 billion, a PE ratio of -70.43 and a beta of 1.30. The business has a fifty day moving average price of $262.69 and a two-hundred day moving average price of $274.71.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for 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 quarter in the previous year, the company posted $0.86 EPS. Sell-side analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on MDB shares. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday. Mizuho upped their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Robert W. Baird lowered their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup increased their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Cantor Fitzgerald began coverage on shares of MongoDB in a research note on Wednesday. They issued an “overweight” rating and a $344.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $322.61.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,314 shares of company stock worth $13,337,753. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in MongoDB in the 4th quarter valued at about $13,270,000. Azzad Asset Management Inc. ADV raised its position in shares of MongoDB by 17.7% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 7,519 shares of the company’s stock valued at $1,750,000 after purchasing an additional 1,132 shares during the period. Infinitum Asset Management LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $8,148,000. Polar Asset Management Partners Inc. bought a new position in MongoDB in the 4th quarter worth approximately $14,458,000. Finally, Mackenzie Financial Corp grew its stake in MongoDB by 47.8% in the 4th quarter. Mackenzie Financial Corp now owns 5,731 shares of the company’s stock valued at $1,334,000 after buying an additional 1,854 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

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.