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

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

MongoDB Trading Down 4.8 %

MongoDB stock traded down $13.89 during mid-day trading on Friday, reaching $276.11. The company's stock had a trading volume of 672,446 shares, compared to its average volume of 1,477,813. The firm has a market cap of $20.56 billion, a price-to-earnings ratio of -101.01 and a beta of 1.28. The business has a 50 day moving average price of $261.59 and a 200-day moving average price of $273.25. MongoDB has a twelve month low of $212.74 and a twelve month high of $459.70.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during 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 firm's revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 earnings per share. On average, equities analysts expect that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cedric Pech sold 287 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,979 shares of company stock worth $11,963,757 in the last three months. Company insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the fourth quarter valued at $29,000. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. bought a new stake in MongoDB in the fourth quarter valued at $35,000. Brooklyn Investment Group bought a new stake in MongoDB in the third quarter valued at $36,000. Finally, Continuum Advisory LLC lifted its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after buying an additional 118 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MDB shares. Tigress Financial raised their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target on the stock in a report on Monday, January 6th. China Renaissance started coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a "buy" rating and a $351.00 price target on the stock. Macquarie started coverage on shares of MongoDB in a research report on Thursday, December 12th. They issued a "neutral" rating and a $300.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on shares of MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average target price of $361.00.

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.