Investors Buy Large Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 36,130 call options on the company. This represents an increase of 2,077% compared to the average volume of 1,660 call options.

MongoDB Price Performance

MDB traded up $2.72 during midday trading on Thursday, hitting $248.68. 1,042,159 shares of the company's stock traded hands, compared to its average volume of 1,706,835. The company has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25. The stock's fifty day simple moving average is $282.39 and its 200-day simple moving average is $269.01. MongoDB has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business's quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 EPS. On average, research analysts expect that MongoDB will post -1.86 EPS for the current year.

Insider Transactions at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at $23,313,925.17. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,161 shares of company stock valued at $8,427,806. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its stake in shares of MongoDB by 18.3% in the 4th quarter. First Hawaiian Bank now owns 1,571 shares of the company's stock valued at $366,000 after buying an additional 243 shares in the last quarter. Diversified Trust Co raised its position in MongoDB by 31.0% in the fourth quarter. Diversified Trust Co now owns 6,919 shares of the company's stock worth $1,611,000 after purchasing an additional 1,639 shares in the last quarter. Everence Capital Management Inc. bought a new position in MongoDB during the fourth quarter worth about $624,000. Versant Capital Management Inc lifted its stake in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after purchasing an additional 165 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of MongoDB by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,095 shares of the company's stock worth $1,648,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MDB shares. Barclays increased their price target on MongoDB from $375.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Loop Capital boosted their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a report on Monday, December 2nd. Robert W. Baird upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Truist Financial reiterated a "buy" rating and issued a $400.00 target price (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their price target on MongoDB from $340.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $367.14.

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.