MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders acquired 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.
Insiders Place Their Bets
In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00. Following the completion of the transaction, the chief executive officer now directly owns 256,974 shares of the company’s stock, valued at $60,131,916. This represents a 8.87% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,382 shares of company stock worth $10,403,807. 3.10% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On MongoDB
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after buying an additional 481,023 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after buying an additional 181,962 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 worth $223,011,000 after buying an additional 129,451 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after buying an additional 22,106 shares during the last quarter. Finally, Amundi boosted its stake in shares of MongoDB by 53.0% in the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after buying an additional 367,717 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MongoDB Trading Down 1.2%
MongoDB stock opened at $206.76 on Thursday. The firm has a market cap of $16.89 billion, a price-to-earnings ratio of -181.37 and a beta of 1.39. The stock has a fifty day simple moving average of $188.81 and a two-hundred day simple moving average of $219.23. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. On average, equities research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.
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.
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