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

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading on Wednesday. Investors purchased 36,130 call options on the stock. This represents an increase of 2,077% compared to the average daily volume of 1,660 call options.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent research reports. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Monness Crespi & Hardt raised their price target on shares of MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Macquarie raised their price target on shares of MongoDB from $265.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Needham & Company LLC raised their target price on MongoDB from $325.00 to $365.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, UBS Group raised their target price on MongoDB from $310.00 to $330.00 and gave the company a “neutral” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Stock Performance

MongoDB stock opened at $347.54 on Friday. The business’s 50-day simple moving average is $316.68 and its 200-day simple moving average is $240.95. The firm has a market capitalization of $28.28 billion, a PE ratio of -354.63 and a beta of 1.50. MongoDB has a 52 week low of $140.78 and a 52 week high of $370.00.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to the consensus estimate of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the completion of the sale, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at $3,783,847.50. This trade represents a 7.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the sale, the director directly owned 14,493 shares of the company’s stock, valued at $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 107,493 shares of company stock worth $33,830,023. 3.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. AQR Capital Management LLC increased its position in MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after acquiring an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB during the 1st quarter worth about $161,543,000. Norges Bank bought a new position in shares of MongoDB during the 2nd quarter worth about $164,338,000. Primecap Management Co. CA increased its stake in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock valued at $152,694,000 after acquiring an additional 780,200 shares during the period. Finally, Vanguard Group Inc. increased its stake in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after acquiring an additional 744,547 shares during the period. Institutional investors 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.