MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

MongoDB Stock Down 2.9 %

Shares of MongoDB stock traded down $8.59 during trading on Thursday, reaching $288.61. The company had a trading volume of 2,748,906 shares, compared to its average volume of 1,519,505. 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 fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm's fifty day moving average is $293.13 and its 200-day moving average is $269.12. The company has a market cap of $21.32 billion, a price-to-earnings ratio of -95.57 and a beta of 1.17.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts anticipate that MongoDB will post -2.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MDB shares. Piper Sandler restated an "overweight" rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday. Needham & Company LLC raised their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday. Loop Capital boosted their price objective on shares of MongoDB from $315.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, December 2nd. Wells Fargo & Company raised their target price on shares of MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Morgan Stanley lifted their target price on shares of MongoDB from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $370.08.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $323.00, for a total value of $969,000.00. Following the completion of the sale, the director now owns 1,121,006 shares in the company, valued at $362,084,938. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,600 shares of company stock worth $7,611,849. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently made changes to their positions in the stock. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp increased its position in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after buying an additional 116 shares during the period. Quarry LP lifted its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company's stock valued at $33,000 after buying an additional 129 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter valued at $36,000. Finally, Continuum Advisory LLC grew its position in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

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.