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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw some unusual options trading on Wednesday. Stock investors purchased 36,130 call options on the company. This is an increase of 2,077% compared to the typical volume of 1,660 call options.

Insider Buying and Selling at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now owns 16,222 shares of the company's stock, valued at approximately $4,589,041.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,884 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $482,775.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at approximately $20,578,668.75. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its stake in MongoDB by 13.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the company's stock valued at $884,000 after purchasing an additional 285 shares in the last quarter. Empowered Funds LLC increased its position in shares of MongoDB by 75.4% during the first quarter. Empowered Funds LLC now owns 1,121 shares of the company's stock worth $402,000 after acquiring an additional 482 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of MongoDB by 179.7% in the 1st quarter. SG Americas Securities LLC now owns 7,142 shares of the company's stock worth $2,561,000 after acquiring an additional 4,589 shares during the last quarter. ProShare Advisors LLC lifted its position in MongoDB by 27.0% in the 1st quarter. ProShare Advisors LLC now owns 71,122 shares of the company's stock valued at $25,507,000 after acquiring an additional 15,125 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its stake in MongoDB by 27.6% during the 1st quarter. William Blair Investment Management LLC now owns 9,332 shares of the company's stock valued at $3,347,000 after purchasing an additional 2,021 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MDB. Stifel Nicolaus increased their target price on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Royal Bank of Canada reiterated an "outperform" rating and issued a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. DA Davidson boosted their price objective on shares of MongoDB from $330.00 to $340.00 and gave the company a "buy" rating in a report on Friday, October 11th. Oppenheimer increased their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Mizuho upped their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $334.25.

MongoDB Trading Down 0.2 %

MongoDB stock traded down $0.68 during trading hours on Thursday, hitting $300.21. The stock had a trading volume of 701,120 shares, compared to its average volume of 1,426,149. The business's 50 day simple moving average is $278.11 and its 200-day simple moving average is $275.45. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of -98.02 and a beta of 1.15. MongoDB has a one year low of $212.74 and a one year high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the prior year, the business posted ($0.63) earnings per share. MongoDB's quarterly revenue was up 12.8% on a year-over-year basis. On average, equities analysts predict that MongoDB will post -2.39 EPS for the current fiscal year.

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.