Stock Traders Purchase Large Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet 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

Several brokerages have recently issued reports on MDB. Robert W. Baird decreased their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Oppenheimer decreased their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. UBS Group increased their target price on MongoDB from $213.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, June 5th. Redburn Atlantic raised MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 target price for the company in a research report on Thursday, April 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $282.47.

Read Our Latest Report on MDB

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:MDBGet 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

(Get Free Report)

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.

Further Reading

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