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

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

Insider Activity at MongoDB

In related news, Director Roelof Botha sold 24,850 shares of MongoDB stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the sale, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 62,353 shares of company stock valued at $25,440,798. 3.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Mercer Global Advisors Inc. ADV grew its position in MongoDB by 12.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,909 shares of the company’s stock valued at $3,739,000 after acquiring an additional 997 shares in the last quarter. Virtue Capital Management LLC acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $235,000. Braeburn Wealth Management LLC purchased a new stake in MongoDB during the 4th quarter worth approximately $704,000. Beacon Pointe Advisors LLC lifted its holdings in MongoDB by 3.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 9,671 shares of the company’s stock worth $4,059,000 after buying an additional 330 shares in the last quarter. Finally, Delta Global Management LP boosted its position in MongoDB by 18.1% in the 4th quarter. Delta Global Management LP now owns 65,697 shares of the company’s stock valued at $27,572,000 after buying an additional 10,081 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 2.5%

NASDAQ MDB opened at $363.07 on Thursday. The stock has a fifty day simple moving average of $398.45 and a 200-day simple moving average of $344.58. The stock has a market cap of $29.55 billion, a PE ratio of -417.32 and a beta of 1.38. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating 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 analysts’ expectations of $592.98 million. During the same quarter in the prior year, the company posted $1.16 earnings per share. MongoDB’s revenue for the quarter was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Research analysts predict that MongoDB will post -1.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities upped their target price on shares of MongoDB from $385.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Mizuho upped their price objective on shares of MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Raymond James Financial initiated coverage on shares of MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating on the stock. Monness Crespi & Hardt upped their price target on MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group lifted their price objective on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $422.97.

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.