MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock traders bought 36,130 call options on the stock. This is an increase of 2,077% compared to the average volume of 1,660 call options.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Canaccord Genuity Group increased their target price on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday. Stifel Nicolaus lifted their price objective on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Macquarie assumed coverage on shares of MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $367.14.

Check Out Our Latest Stock Analysis on MDB

MongoDB Stock Performance

Shares of MDB stock opened at $248.68 on Thursday. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62. The business’s fifty day moving average is $282.82 and its 200-day moving average is $269.15. The stock has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the company earned $0.96 earnings per share. MongoDB’s revenue was up 22.3% compared to the same quarter last year. Equities research analysts predict that MongoDB will post -1.86 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total value of $713,190.00. Following the completion of the transaction, the director now directly owns 1,117,006 shares in the company, valued at approximately $265,545,836.38. The trade was a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,161 shares of company stock valued at $8,427,806. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several large investors have recently modified their holdings of MDB. Quarry LP raised its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares during the period. Brooklyn Investment Group purchased a new position in MongoDB during the 3rd quarter worth approximately $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. GAMMA Investing LLC lifted its holdings in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB in the third quarter worth $44,000. 89.29% of the stock is owned by institutional investors.

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.

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