Traders Purchase High Volume of Put Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 23,831 put options on the stock. This is an increase of 2,157% compared to the typical volume of 1,056 put options.

Wall Street Analyst Weigh In

MDB has been the subject of several research analyst reports. Truist Financial increased their price objective on MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Citigroup raised their price target on MongoDB from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, September 3rd. Tigress Financial dropped their price target on MongoDB from $500.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, July 11th. Stifel Nicolaus raised their price target on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Morgan Stanley raised their price target on MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $337.96.

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 154 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company's stock, valued at approximately $4,117,425. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,281 shares of company stock valued at $6,310,411. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the company. MFA Wealth Advisors LLC acquired a new stake in MongoDB in the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 116 shares during the period. Quarry LP grew its position 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 acquiring an additional 129 shares during the period. Hantz Financial Services Inc. bought a new stake in MongoDB in the second quarter valued at $35,000. Finally, GAMMA Investing LLC grew its position in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after acquiring an additional 93 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 4.7 %

MDB traded down $13.30 during trading on Thursday, reaching $270.40. The company had a trading volume of 1,098,056 shares, compared to its average volume of 1,441,014. The firm's 50-day simple moving average is $273.75 and its 200 day simple moving average is $280.31. The company has a market cap of $19.83 billion, a price-to-earnings ratio of -99.64 and a beta of 1.15. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62. 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 (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping 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 firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period last year, the company posted ($0.63) EPS. The business's quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that MongoDB will post -2.39 earnings per share for the current 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.