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

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 36,130 call options on the stock. This is an increase of 2,077% compared to the typical volume of 1,660 call options.

MongoDB Stock Performance

MDB stock opened at $435.25 on Thursday. MongoDB has a 52 week low of $140.78 and a 52 week high of $440.67. The company has a market capitalization of $35.43 billion, a PE ratio of -500.29 and a beta of 1.45. The company’s 50-day simple moving average is $367.57 and its 200 day simple moving average is $295.20.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the previous year, the company earned $1.16 EPS. The business’s revenue was up 18.7% on a year-over-year basis. 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, analysts forecast that MongoDB will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Citizens Jmp raised their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. JMP Securities upped their price objective on shares of MongoDB from $345.00 to $375.00 and gave the company a “market outperform” rating in a report on Friday, September 19th. Citigroup raised their target price on shares of MongoDB from $440.00 to $525.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, Mizuho lifted their target price on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $414.97.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total transaction of $3,116,200.00. Following the transaction, the director directly owned 1,069,316 shares in the company, valued at $333,220,251.92. The trade was a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the completion of the sale, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 79,969 shares of company stock valued at $29,937,272. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its position in shares of MongoDB by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,985,697 shares of the company’s stock valued at $2,788,981,000 after acquiring an additional 431,382 shares during the period. ValueAct Holdings L.P. raised its stake in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares in the last quarter. State Street Corp lifted its position in MongoDB by 3.7% during the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock worth $545,222,000 after purchasing an additional 63,434 shares during the period. Amundi grew its stake in MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock valued at $292,597,000 after buying an additional 68,611 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.