MongoDB Target of Unusually High Options Trading (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading on Wednesday. Investors purchased 23,831 put options on the company. This is an increase of 2,157% compared to the average volume of 1,056 put options.

MongoDB Trading Up 3.2%

MDB opened at $427.41 on Thursday. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of -491.28 and a beta of 1.45. MongoDB has a 1 year low of $140.78 and a 1 year high of $429.85. The stock has a fifty day moving average price of $346.66 and a 200 day moving average price of $279.22.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. During the same period in the prior year, the firm posted $1.16 EPS. The business’s revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Thomas Bull sold 555 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $413.86, for a total value of $229,692.30. Following the completion of the transaction, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This trade represents a 4.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the transaction, the director directly owned 194,600 shares in the company, valued at $78,978,410. This represents a 11.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 119,577 shares of company stock valued at $41,439,265. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Meiji Yasuda Asset Management Co Ltd. grew its position in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after acquiring an additional 40 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of MongoDB by 7.4% during the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock valued at $211,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank lifted its stake in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the last quarter. GAMMA Investing LLC boosted its holdings in MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after purchasing an additional 54 shares in the last quarter. Finally, Westside Investment Management Inc. increased its position in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after buying an additional 55 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MDB shares. Rosenblatt Securities boosted their price target on shares of MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Wedbush increased their target price on MongoDB from $400.00 to $440.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. Monness Crespi & Hardt raised their target price on MongoDB from $360.00 to $475.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Finally, Needham & Company LLC upped their price target on MongoDB from $365.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

MongoDB Company Profile

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.