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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw some unusual options trading on Wednesday. Investors acquired 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

MongoDB Stock Performance

NASDAQ MDB traded up $6.21 on Friday, reaching $241.37. The stock had a trading volume of 3,587,641 shares, compared to its average volume of 1,955,337. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00. The business's 50-day moving average price is $206.48 and its 200 day moving average price is $212.44. The stock has a market cap of $19.72 billion, a P/E ratio of -211.73 and a beta of 1.41.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm's revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director owned 21,096 shares in the company, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,746 shares of company stock worth $7,725,196. Corporate insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MDB. 111 Capital acquired a new stake in MongoDB in the fourth quarter valued at $390,000. Park Avenue Securities LLC grew its holdings in MongoDB by 52.6% in the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock valued at $461,000 after purchasing an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company's stock valued at $1,359,000 after purchasing an additional 298 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in MongoDB in the first quarter valued at $263,000. Finally, Farther Finance Advisors LLC grew its holdings in MongoDB by 57.2% in the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company's stock valued at $219,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent research reports. Guggenheim raised their target price on MongoDB from $235.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. Bank of America raised their target price on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, June 5th. DA Davidson reaffirmed a "buy" rating and issued a $275.00 target price on shares of MongoDB in a research note on Thursday, June 5th. UBS Group raised their target price on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Finally, Barclays raised their target price on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $281.35.

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.