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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of some unusual options trading on Wednesday. Stock investors acquired 36,130 call options on the stock. This represents an increase of 2,077% compared to the average daily volume of 1,660 call options.

MongoDB Stock Up 2.2 %

Shares of MDB opened at $373.33 on Thursday. MongoDB has a 52 week low of $215.56 and a 52 week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $27.19 billion, a price-to-earnings ratio of -150.54 and a beta of 1.19. The stock’s 50-day moving average price is $375.07 and its 200-day moving average price is $391.11.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. On average, sell-side analysts predict that MongoDB will post -2.53 EPS for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the sale, the director now directly owns 1,168,784 shares of the company’s stock, valued at $511,915,704.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders sold 57,802 shares of company stock worth $22,142,301 over the last three months. 4.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Raymond James & Associates lifted its position in shares of MongoDB by 14.2% in the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after acquiring an additional 7,510 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of MongoDB by 298.2% in the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after purchasing an additional 13,972 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of MongoDB by 9.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after purchasing an additional 168 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock valued at $11,945,000 after purchasing an additional 26,961 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of MongoDB in the third quarter valued at approximately $902,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. UBS Group reissued a “neutral” rating and set a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Finally, Loop Capital started coverage on MongoDB in a research note on Tuesday, April 23rd. They set a “buy” rating and a $415.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $443.86.

About MongoDB

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.