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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of some unusual options trading on Wednesday. Investors purchased 23,831 put options on the stock. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.

MongoDB Stock Performance

NASDAQ:MDB opened at $427.41 on Thursday. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of -491.28 and a beta of 1.45. MongoDB has a one year low of $140.78 and a one year high of $429.85. The stock has a 50-day simple moving average of $346.66 and a 200 day simple moving average of $279.22.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MDB shares. Royal Bank Of Canada lifted their price objective on shares of MongoDB from $405.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, December 2nd. Wedbush lifted their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald raised their target price on MongoDB from $406.00 to $454.00 and gave the company an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Scotiabank lifted their target price on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $415.39.

Insider Buying and Selling at MongoDB

In other news, Director Roelof Botha sold 24,850 shares of the 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 sale, the director owned 194,600 shares in the company, valued at approximately $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This trade represents a 38.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,577 shares of company stock valued at $41,439,265 over the last three months. 3.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Huntington National Bank raised its holdings in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares during the period. Montag A & Associates Inc. grew its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the last quarter. Promus Capital LLC acquired a new stake in MongoDB during the second quarter worth about $36,000. TD Private Client Wealth LLC raised its stake in MongoDB by 2,825.0% during the third quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after acquiring an additional 113 shares during the period. Finally, Hollencrest Capital Management acquired a new position in MongoDB in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

About MongoDB

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.