Stock traders buy high volume call options on MongoDB (NASDAQ:MDB)
MongoDB, Inc. (NASDAQ:MDB – Get Rating) saw unusually large options trades on Wednesday. Stock traders bought 36,130 call options on the company. This represents a 2,077% increase from the typical daily volume of 1,660 call options.
MDB shares opened at $254.32 on Thursday. The stock has a fifty-day moving average of $314.36 and a two-hundred-day moving average of $386.27. The company has a debt ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The company has a market capitalization of $17.32 billion, a PE ratio of -52.55 and a beta of 1.00. MongoDB has a fifty-two week low of $213.39 and a fifty-two week high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last reported its quarterly earnings data on Wednesday, June 1. The company reported earnings per share (EPS) of $0.20 for the quarter, beating the consensus estimate of ($1.34) by $1.54. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company posted revenue of $285.45 million in the quarter, compared to $267.10 million expected by analysts. During the same period of the previous year, the company achieved EPS of ($0.98). The company’s quarterly revenue increased by 57.1% compared to the same quarter last year. As a group, equity research analysts expect MongoDB to post earnings per share of -5.09 for the current fiscal year.
Several analysts have recently released reports on MDB shares. Barclays raised its price target on MongoDB from $330.00 to $338.00 and gave the company an “overweight” rating in a Thursday, June 2 research note. Oppenheimer cut his price target on MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a Thursday, June 2 research note. William Blair reiterated an “outperform” rating on MongoDB stock in a Tuesday, May 24 research note. UBS Group raised its price target on MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a Wednesday, June 8 research note. Finally, Canaccord Genuity Group reduced its price target on MongoDB from $400.00 to $300.00 in a Thursday, June 2 research note. One equity research analyst gave the stock a hold rating and fifteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $420.38.
In other news, insider Thomas Bull sold 2,500 shares of the company in a trade on Thursday, March 31. The stock was sold at an average price of $444.14, for a total transaction of $1,110,350.00. Following the completion of the transaction, the insider now directly owns 17,904 shares of the company, valued at $7,951,882.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Additionally, director Dwight A. Merriman sold 3,000 shares of the company in a trade on Wednesday, June 1. The stock was sold at an average price of $251.74, for a total value of $755,220.00. Following the transaction, the director now owns 544,896 shares of the company, valued at $137,172,119.04. The disclosure of this sale can be found here. Insiders sold 90,809 shares of the company worth $32,992,875 in the past 90 days. 5.70% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in MDB. Neuberger Berman Group LLC increased its position in MongoDB by 1.2% in Q1. Neuberger Berman Group LLC now owns 120,584 shares of the company worth $53,489,000 after purchasing an additional 1,443 shares during the period. The Manufacturers Life Insurance Company increased its position in MongoDB by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 38,446 shares of the company worth $16,561,000 after purchasing an additional 36,933 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in MongoDB during Q1 valued at $7,910,000. Altimeter Capital Management LP increased its position in MongoDB by 23.2% in Q1. Altimeter Capital Management LP now owns 308,000 shares of the company worth $136,626,000 after purchasing an additional 58,000 shares during the period. Finally, Beacon Pointe Advisors LLC increased its position in MongoDB by 78.0% in the 1st quarter. Beacon Pointe Advisors LLC now owns 678 shares of the company worth $301,000 after purchasing an additional 297 shares during the period. 88.70% of the shares are held by institutional investors.
MongoDB Company Profile (Get a rating)
MongoDB, Inc provides a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database solution as a service; and Community Server, a free downloadable version of its database, which includes the features developers need to get started with MongoDB.
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