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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. DA Davidson reiterated a "buy" rating and issued a $275.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Barclays increased their price target on shares of MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 price target on shares of MongoDB in a research report on Thursday, June 5th. William Blair reiterated an "outperform" rating on shares of MongoDB in a research report on Thursday. Finally, JMP Securities reiterated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have assigned 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 a consensus target price of $282.47.

Insider Activity

In related news, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,202 shares of company stock valued at $10,576,696. 3.10% of the stock is currently owned by insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Swedbank AB raised its position in MongoDB by 2.2% during the first quarter. Swedbank AB now owns 615,593 shares of the company's stock worth $107,975,000 after acquiring an additional 13,100 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company's stock worth $98,586,000 after purchasing an additional 362,705 shares during the last quarter. IFM Investors Pty Ltd raised its holdings in shares of MongoDB by 4.3% in the 1st quarter. IFM Investors Pty Ltd now owns 13,796 shares of the company's stock valued at $2,420,000 after purchasing an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after purchasing an additional 129,451 shares during the period. Finally, Woodline Partners LP lifted its stake in MongoDB by 30,297.0% in the 1st quarter. Woodline Partners LP now owns 322,208 shares of the company's stock valued at $56,515,000 after purchasing an additional 321,148 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Up 0.3%

Shares of NASDAQ MDB traded up $0.72 during midday trading on Friday, reaching $209.92. The company's stock had a trading volume of 3,106,432 shares, compared to its average volume of 1,960,037. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of -184.14 and a beta of 1.40. The stock has a 50 day simple moving average of $190.83 and a 200-day simple moving average of $216.65.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period last year, the company earned $0.51 earnings per share. The firm's revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that MongoDB will post -1.78 EPS for the current year.

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.