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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the average volume of 1,056 put options.

MongoDB Price Performance

Shares of MongoDB stock traded up $0.48 during trading on Tuesday, hitting $152.15. The stock had a trading volume of 3,127,008 shares, compared to its average volume of 1,823,493. MongoDB has a 12 month low of $140.78 and a 12 month high of $387.19. The firm's fifty day simple moving average is $202.52 and its 200-day simple moving average is $250.93. The stock has a market cap of $12.35 billion, a PE ratio of -55.53 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the previous year, the business earned $0.86 EPS. Analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,680 shares of company stock worth $10,819,027 in the last quarter. Company insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the business. Morse Asset Management Inc purchased a new stake in MongoDB in the third quarter worth $81,000. M&T Bank Corp increased its stake in MongoDB by 9.0% in the 3rd quarter. M&T Bank Corp now owns 3,043 shares of the company's stock worth $823,000 after buying an additional 251 shares during the period. Coldstream Capital Management Inc. bought a new stake in MongoDB during the 3rd quarter valued at about $209,000. Virtu Financial LLC boosted its position in MongoDB by 351.2% in the 3rd quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock valued at $2,708,000 after buying an additional 7,796 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in MongoDB in the 3rd quarter worth about $44,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MDB. Cantor Fitzgerald began coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an "overweight" rating and a $344.00 target price on the stock. Robert W. Baird decreased their price objective on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Redburn Atlantic upgraded shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 target price on the stock in a research note on Thursday, April 17th. Morgan Stanley cut their price target on MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Daiwa Capital Markets began coverage on MongoDB in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $299.78.

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.