Investors Buy Large Volume of MongoDB Put Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading activity on Wednesday. Investors purchased 23,831 put options on the company. This represents an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.

Insider Activity at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,190 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $369.75, for a total transaction of $440,002.50. Following the transaction, the director owned 80,462 shares in the company, valued at $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,353 shares of company stock worth $31,060,758 over the last three months. 3.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently bought and sold shares of the business. Knuff & Co LLC boosted its stake in shares of MongoDB by 13.1% during the 4th quarter. Knuff & Co LLC now owns 14,171 shares of the company’s stock valued at $5,947,000 after buying an additional 1,642 shares during the last quarter. Hirtle Callaghan & Co LLC acquired a new stake in MongoDB in the fourth quarter valued at $351,000. Meridian Wealth Management LLC bought a new position in MongoDB during the 4th quarter valued at $432,000. HighPoint Advisor Group LLC grew its holdings in MongoDB by 2.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company’s stock worth $626,000 after acquiring an additional 36 shares in the last quarter. Finally, Versor Investments LP acquired a new position in MongoDB during the 4th quarter worth $707,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $500.00 price objective on shares of MongoDB in a research report on Tuesday, January 20th. KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research report on Tuesday, December 2nd. Oppenheimer restated an “outperform” rating on shares of MongoDB in a research report on Monday, January 5th. Wedbush lifted their price objective on MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Macquarie boosted their target price on shares of MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $422.29.

MongoDB Stock Performance

MDB opened at $337.60 on Thursday. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72. The company’s 50 day simple moving average is $404.06 and its 200 day simple moving average is $335.90. The stock has a market capitalization of $27.48 billion, a PE ratio of -388.05 and a beta of 1.38.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same quarter last year, the firm posted $1.16 earnings per share. MongoDB’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. As a group, sell-side analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

About MongoDB

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.