MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 23,831 put options on the company. This is an increase of approximately 2,157% compared to the average volume of 1,056 put options.

MongoDB Stock Performance

NASDAQ MDB traded down $0.78 on Friday, reaching $159.26. The stock had a trading volume of 1,549,284 shares, compared to its average volume of 1,814,860. The stock has a market cap of $12.93 billion, a P/E ratio of -58.12 and a beta of 1.49. The business’s 50-day moving average price is $208.15 and its 200 day moving average price is $252.43. MongoDB has a 12-month low of $140.78 and a 12-month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data 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). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the previous year, the business posted $0.86 earnings per share. On average, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In other MongoDB news, CFO Srdjan Tanjga sold 525 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 $90,961.50. Following the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. This represents a 7.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the transaction, the chief executive officer now owns 268,948 shares of the company’s stock, valued at $46,597,930.48. The trade was a 6.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,680 shares of company stock valued at $11,084,027. 3.60% of the stock is currently owned by insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $606,000. Union Bancaire Privee UBP SA acquired a new position in shares of MongoDB during the fourth quarter valued at approximately $3,515,000. HighTower Advisors LLC lifted its position in MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock worth $4,371,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC boosted its stake in MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Covea Finance acquired a new stake in shares of MongoDB during the fourth quarter valued at approximately $3,841,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Wedbush cut their target price on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Morgan Stanley decreased their price objective on MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday. Piper Sandler lowered their target price on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Finally, Daiwa Capital Markets started coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 price target on the stock. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $299.78.

View Our Latest Report on MongoDB

MongoDB Company Profile

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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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