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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading on Wednesday. Stock 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 Trading Down 0.9%

NASDAQ:MDB opened at $381.44 on Thursday. The firm’s fifty day simple moving average is $394.42 and its 200 day simple moving average is $323.79. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72. The firm has a market capitalization of $31.05 billion, a price-to-earnings ratio of -438.44 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.53. The firm had revenue of $628.31 million during 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%.The firm’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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, analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on MDB. Citigroup lifted their price target on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Rosenblatt Securities upped their price target on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Cantor Fitzgerald increased their price target on shares of MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. UBS Group boosted their price objective on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Royal Bank Of Canada set a $500.00 price objective on MongoDB in a report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $422.29.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 1,139 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $388.31, for a total transaction of $442,285.09. Following the sale, the director owned 81,652 shares in the company, valued at approximately $31,706,288.12. This represents a 1.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 82,162 shares of company stock worth $32,384,092 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in MongoDB by 209.0% in the third quarter. Pacer Advisors Inc. now owns 4,549 shares of the company’s stock worth $1,412,000 after purchasing an additional 3,077 shares during the period. Triton Financial Group Inc bought a new position in shares of MongoDB in the 2nd quarter worth about $782,000. Nordea Investment Management AB boosted its holdings in shares of MongoDB by 11.7% in the 2nd quarter. Nordea Investment Management AB now owns 13,389 shares of the company’s stock valued at $2,814,000 after buying an additional 1,404 shares during the period. State of New Jersey Common Pension Fund D grew its position in shares of MongoDB by 8.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 27,521 shares of the company’s stock valued at $5,779,000 after buying an additional 2,078 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in MongoDB by 396.3% during the third quarter. Chicago Capital LLC now owns 6,735 shares of the company’s stock worth $2,090,000 after acquiring an additional 5,378 shares during the period. Institutional investors and hedge funds 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.