MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

Insider Activity

In other news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction 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 approximately $78,978,410. This trade represents a 11.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Thomas Killalea sold 20,000 shares of MongoDB stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director directly owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 119,577 shares of company stock worth $41,439,265 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of MDB. Huntington National Bank boosted its stake in MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after acquiring an additional 51 shares during the last quarter. TD Private Client Wealth LLC lifted its stake 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 valued at $36,000 after purchasing an additional 113 shares during the period. Hollencrest Capital Management bought a new position in shares of MongoDB in the 3rd quarter worth $37,000. Westside Investment Management Inc. boosted its position in shares of MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the last quarter. Finally, Strategic Advocates LLC acquired a new stake in shares of MongoDB during the third quarter worth $43,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MDB. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Robert W. Baird increased their price target on shares of MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a report on Tuesday, December 2nd. JMP Securities raised their price target on shares of MongoDB from $345.00 to $375.00 and gave the stock a “market outperform” rating in a research report on Friday, September 19th. Citizens Jmp upped their price objective on shares of MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 2nd. Finally, UBS Group increased their target price on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $415.39.

MongoDB Price Performance

MDB stock opened at $420.39 on Friday. The company has a 50 day moving average price of $348.54 and a 200 day moving average price of $280.20. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $432.55. The stock has a market capitalization of $34.20 billion, a PE ratio of -483.21 and a beta of 1.45.

MongoDB (NASDAQ:MDB) last released its 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. The company had revenue of $628.31 million during the quarter, compared to the consensus estimate of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The firm’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.16 earnings per share. 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 analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.