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

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading on Wednesday. Stock investors acquired 23,831 put options on the company. This represents an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MDB. Piper Sandler reissued an “overweight” rating and issued a $490.00 target price (up from $400.00) on shares of MongoDB in a research report on Tuesday, December 2nd. Rosenblatt Securities boosted their price target on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Citizens Jmp raised their price objective on MongoDB from $435.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Tuesday, December 2nd. Citigroup upped their target price on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $422.29.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $338.52, for a total transaction of $3,385,200.00. Following the sale, the director owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. The trade was a 0.94% 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 company’s stock in a transaction that occurred on 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 transaction, the director owned 194,600 shares in the company, valued at $78,978,410. The trade was a 11.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,162 shares of company stock worth $32,384,092 over the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MDB. Vanguard Group Inc. grew 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. grew its holdings 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 during the period. State Street Corp increased its position in shares of MongoDB by 3.7% in the third quarter. State Street Corp now owns 1,756,628 shares of the company’s stock valued at $545,222,000 after buying an additional 63,434 shares in the last quarter. Amundi increased its position in shares of MongoDB by 61.3% in the third quarter. Amundi now owns 1,483,396 shares of the company’s stock valued at $477,550,000 after buying an additional 563,995 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MongoDB by 5.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company’s stock worth $292,597,000 after buying an additional 68,611 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 0.9%

Shares of MDB stock opened at $381.44 on Thursday. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72. The stock has a market cap of $31.05 billion, a P/E ratio of -438.44 and a beta of 1.38. The stock has a 50 day moving average of $394.42 and a 200 day moving average of $323.79.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. The business had revenue of $628.31 million for the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, research analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

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.