MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 36,130 call options on the company. This is an increase of approximately 2,077% compared to the typical volume of 1,660 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. JMP Securities reissued a "market outperform" rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Oppenheimer cut their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Morgan Stanley cut their price objective on shares of MongoDB from $350.00 to $315.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC cut their price objective on shares of MongoDB from $415.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Wedbush cut their price objective on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $320.70.

Insiders Place Their Bets

In other news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total transaction of $2,333,716.65. Following the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,139 shares of company stock valued at $11,328,869. Company insiders own 3.60% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC grew its position in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares in the last quarter. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC grew its position in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP grew its position in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after purchasing an additional 55 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its position in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock worth $627,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

MongoDB Trading Up 1.7 %

Shares of MongoDB stock traded up $3.24 during trading on Friday, hitting $192.54. 2,184,849 shares of the stock were exchanged, compared to its average volume of 1,701,319. MongoDB has a 1-year low of $173.13 and a 1-year high of $387.19. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of -70.27 and a beta of 1.30. The company has a fifty day moving average price of $250.97 and a 200-day moving average price of $269.55.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter last year, the company posted $0.86 EPS. Equities research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal 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.