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

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading on Wednesday. Stock investors purchased 23,831 put options on the stock. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.

Analysts Set New Price Targets

A number of research firms recently commented on MDB. KeyCorp boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. The Goldman Sachs Group lifted their target price on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Tigress Financial upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird lifted their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Loop Capital upped their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $366.14.

MongoDB Stock Performance

NASDAQ:MDB opened at $243.00 on Thursday. The firm’s 50-day moving average is $289.29 and its 200-day moving average is $268.01. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market cap of $18.10 billion, a price-to-earnings ratio of -88.69 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities analysts predict that MongoDB will post -1.86 EPS for the current year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 302 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at $8,569,000. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 154 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,775 shares of company stock worth $9,264,812. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP bought a new position in shares of MongoDB during the 3rd quarter worth about $1,045,000. Geode Capital Management LLC raised its position in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the third quarter worth about $4,366,000. Charles Schwab Investment Management Inc. boosted its holdings in MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $1,860,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.