Traders Purchase High Volume of Put Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading on Wednesday. Stock investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.

MongoDB Price Performance

MDB opened at $365.38 on Thursday. The business has a 50 day simple moving average of $331.37 and a two-hundred day simple moving average of $254.21. The firm has a market capitalization of $29.73 billion, a price-to-earnings ratio of -372.84 and a beta of 1.52. MongoDB has a one year low of $140.78 and a one year high of $385.44.

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

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 33,320 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the completion of the transaction, the chief executive officer owned 203,237 shares of the company’s stock, valued at $61,233,275.73. The trade was a 14.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on 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 transaction, the chief accounting officer directly owned 11,598 shares in the company, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 108,492 shares of company stock valued at $34,213,359 in the last ninety days. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently modified their holdings of the stock. Parallel Advisors LLC boosted its holdings in shares of MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after buying an additional 249 shares during the last quarter. Acadian Asset Management LLC raised its position in MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after acquiring an additional 362,705 shares during the period. Red Spruce Capital LLC boosted its stake in shares of MongoDB by 11.8% during the 2nd quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock worth $2,842,000 after acquiring an additional 1,426 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of MongoDB by 875.2% during the 1st quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock worth $1,745,000 after acquiring an additional 8,927 shares during the last quarter. Finally, Triton Financial Group Inc bought a new stake in shares of MongoDB during the 2nd quarter valued at $782,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of MongoDB in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Sanford C. Bernstein increased their target price on MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Canaccord Genuity Group lifted their price target on MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, September 22nd. Finally, Royal Bank Of Canada increased their price objective on MongoDB from $350.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.97.

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.