MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading on Wednesday. Stock traders purchased 23,831 put options on the company. This represents an increase of 2,157% compared to the average daily volume of 1,056 put options.

MongoDB Price Performance

MDB opened at $342.75 on Thursday. MongoDB has a 12-month low of $212.52 and a 12-month high of $509.62. The business’s fifty day simple moving average is $399.36 and its 200-day simple moving average is $390.78. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of -138.21 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. On average, equities research analysts anticipate that MongoDB will post -2.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

MDB has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. JMP Securities restated a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and set a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. UBS Group restated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and increased their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $448.74.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The disclosure for this sale can be found here. Insiders sold a total of 92,802 shares of company stock worth $36,356,911 in the last three months. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in MongoDB during the fourth quarter valued at about $25,000. KB Financial Partners LLC purchased a new stake in MongoDB in the second quarter valued at about $27,000. Bessemer Group Inc. purchased a new stake in MongoDB in the fourth quarter valued at about $29,000. BluePath Capital Management LLC purchased a new stake in MongoDB in the third quarter valued at about $30,000. Finally, Blue Trust Inc. raised its stake in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during 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.