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

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

MongoDB Trading Down 0.4 %

NASDAQ MDB traded down $0.74 during mid-day trading on Tuesday, hitting $172.22. The company's stock had a trading volume of 1,278,175 shares, compared to its average volume of 1,853,068. The firm has a market capitalization of $13.98 billion, a price-to-earnings ratio of -62.85 and a beta of 1.49. MongoDB has a twelve month low of $140.78 and a twelve month high of $379.06. The company's 50 day simple moving average is $181.04 and its 200 day simple moving average is $243.57.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results 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 company had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the firm earned $0.86 EPS. As a group, research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Analysts Set New Price Targets

MDB has been the subject of a number of recent analyst reports. UBS Group set a $350.00 target price on MongoDB in a research report on Tuesday, March 4th. Citigroup cut their price target on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Daiwa Capital Markets initiated coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective on the stock. Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Finally, KeyCorp lowered MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of "Moderate Buy" and an average price target of $294.78.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 922 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $279.09, for a total value of $257,320.98. Following the transaction, the director now directly owns 84,730 shares of the company's stock, valued at $23,647,295.70. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total value of $2,229,445.80. Following the sale, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $58,121,799.12. This represents a 3.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,345 shares of company stock worth $7,687,310. Insiders own 3.60% of the company's stock.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the company. OneDigital Investment Advisors LLC grew its position in MongoDB by 3.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares in the last quarter. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after acquiring an additional 42 shares in the last quarter. Aigen Investment Management LP increased its position in shares of MongoDB by 1.4% during the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after acquiring an additional 55 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in MongoDB by 0.4% during the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

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.