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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.

Insider Transactions at MongoDB

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the business’s 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 completion of the transaction, the director directly owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. The trade was a 11.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,353 shares of company stock valued at $25,440,798 over the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in MDB. ValueAct Holdings L.P. boosted its position in MongoDB by 206.8% during the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after purchasing an additional 1,427,700 shares during the period. Norges Bank acquired a new position in MongoDB in the 4th quarter valued at about $574,821,000. AQR Capital Management LLC raised its holdings in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. lifted its position in MongoDB by 162.1% during the third quarter. Jericho Capital Asset Management L.P. now owns 1,378,540 shares of the company’s stock worth $427,871,000 after acquiring an additional 852,540 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock valued at $1,796,321,000 after purchasing an additional 744,547 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 2.5%

NASDAQ MDB opened at $363.07 on Thursday. The firm has a market capitalization of $29.55 billion, a P/E ratio of -417.32 and a beta of 1.38. The firm’s fifty day moving average price is $398.45 and its two-hundred day moving average price is $344.58. MongoDB has a 1 year low of $140.78 and a 1 year high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $592.98 million. During the same period in the previous year, the business earned $1.16 EPS. 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. On average, research analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho raised their target price on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Barclays upped their target price on shares of MongoDB from $415.00 to $480.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Canaccord Genuity Group boosted their price target on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. UBS Group upped their price objective on MongoDB from $330.00 to $440.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Rosenblatt Securities lifted their target price on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, nine have given a Hold rating and one has assigned 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 $422.97.

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.