MongoDB Target of Unusually High Options Trading (NASDAQ:MDB)

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

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $248.68 on Thursday. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of -90.76 and a beta of 1.25. The stock’s 50-day simple moving average is $283.52 and its two-hundred day simple moving average is $269.30.

MongoDB (NASDAQ:MDBGet Free Report) last announced its 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 net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, equities analysts forecast that MongoDB will post -1.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MDB shares. The Goldman Sachs Group boosted their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research note on Monday, December 16th. Barclays boosted their target price on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price target on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

Get Our Latest Report on MongoDB

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction 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 represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $67,183.83. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 30,161 shares of company stock valued at $8,427,806. Company insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

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

About MongoDB

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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.

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