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

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

Wall Street Analyst Weigh In

Several research firms have commented 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. Robert W. Baird upped their price objective on shares of MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Macquarie raised their target price on MongoDB from $305.00 to $385.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Cantor Fitzgerald upped their price target on MongoDB from $406.00 to $454.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Citigroup increased their price objective on MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.29.

MongoDB Stock Performance

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

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period in the previous year, the business posted $1.16 EPS. The company’s revenue for the quarter 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, equities research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $338.52, for a total transaction of $3,385,200.00. Following the completion of the sale, the director directly owned 1,055,316 shares of the company’s stock, valued at $357,245,572.32. This trade represents 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 hyperlink. Also, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 82,162 shares of company stock valued at $32,384,092. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. Central Pacific Bank Trust Division bought a new stake in MongoDB in the fourth quarter valued at about $28,000. Huntington National Bank boosted its holdings in MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares in the last quarter. Montag A & Associates Inc. boosted its holdings in MongoDB by 144.3% during the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares in the last quarter. Promus Capital LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $36,000. Finally, TD Private Client Wealth LLC raised its holdings in shares of MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.