MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

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

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at $394,602,158.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the sale, the director now owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the sale, the director now directly owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its stake in MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock worth $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. 1832 Asset Management L.P. lifted its stake in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at about $326,237,000. Axiom Investors LLC DE bought a new position in shares of MongoDB during the fourth quarter valued at about $153,990,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in MongoDB by 77.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock worth $111,964,000 after buying an additional 248,133 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Stock Down 2.0 %

MongoDB stock opened at $342.75 on Thursday. The firm has a fifty day moving average price of $399.36 and a two-hundred day moving average price of $390.78. The firm has a market cap of $24.96 billion, a price-to-earnings ratio of -138.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB has a fifty-two week low of $212.52 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. As a group, analysts forecast that MongoDB will post -2.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and set a $435.00 price target on shares of MongoDB in a research report on Thursday, March 14th. UBS Group reissued a “neutral” rating and issued a $410.00 target price (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $465.00 target price on shares of MongoDB in a research report on Tuesday, April 9th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $448.74.

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.