MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

Insider Activity

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly 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 legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 2,581 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at $50,866,352.46. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,094 shares of company stock valued at $11,705,293. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in MongoDB in the fourth quarter valued at about $189,584,000. Jennison Associates LLC raised its stake in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Marshall Wace LLP acquired a new position in MongoDB in the fourth quarter valued at about $110,356,000. Raymond James Financial Inc. acquired a new position in MongoDB in the fourth quarter valued at about $90,478,000. Finally, D1 Capital Partners L.P. acquired a new position in MongoDB in the fourth quarter valued at about $76,129,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the topic of several research analyst reports. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Loop Capital raised their target price on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Needham & Company LLC raised their target price on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Scotiabank lowered their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

Check Out Our Latest Research Report on MongoDB

MongoDB Price Performance

MDB stock opened at $295.00 on Thursday. MongoDB has a one year low of $212.74 and a one year high of $459.78. The stock has a market cap of $21.97 billion, a price-to-earnings ratio of -107.66 and a beta of 1.28. The company has a fifty day moving average price of $261.56 and a two-hundred day moving average price of $273.13.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share 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 company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the firm earned $0.96 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. Research analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

MongoDB Company Profile

(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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you make your next trade, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now…

See The Five Stocks Here

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.