Traders Buy High Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading on Wednesday. Stock traders bought 29,206 call options on the stock. This is an increase of 40% compared to the typical daily volume of 20,822 call options.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDB. DA Davidson dropped their target price on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating on the stock in a report on Wednesday. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Barclays increased their price target on MongoDB from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Rosenblatt Securities raised their price target on MongoDB from $395.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Finally, Stephens cut their price objective on MongoDB from $398.00 to $372.00 and set an “equal weight” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.59.

Insider Activity

In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director owned 452,896 shares of the company’s stock, valued at $204,595,768. This trade represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $375.92, for a total transaction of $375,920.00. Following the completion of the sale, the director owned 28,326 shares of the company’s stock, valued at $10,648,309.92. This represents a 3.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 17,000 shares of company stock valued at $7,792,320 over the last quarter. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after buying an additional 32 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in shares of MongoDB during the 2nd quarter valued at approximately $34,000. NBH Bank purchased a new stake in MongoDB in the 2nd quarter worth approximately $34,000. CX Institutional increased its holdings in MongoDB by 94.3% in the 2nd quarter. CX Institutional now owns 103 shares of the company’s stock worth $35,000 after acquiring an additional 50 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in MongoDB during the 1st quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and assigned a $540 price target, implying substantial upside from current levels. Cantor Fitzgerald rating report
• Positive Sentiment: MongoDB attracted unusually heavy call-option activity, with 29,206 contracts purchased—about 40% above typical volume—suggesting some traders are positioning for a rebound. MongoDB call options report
• Positive Sentiment: Recent Investor Day updates remain a longer-term catalyst: management raised its fiscal 2028–2030 revenue-growth target to at least 20%, highlighted AI products including MongoDB 9.0 and Atlas Infinite, and expanded its share-repurchase authorization by $1 billion to $1.35 billion. MongoDB Investor Day report
• Neutral Sentiment: Citizens JMP and RBC maintained positive ratings, while BMO, Stephens, and Stifel lowered their price targets. The mixed revisions indicate continued confidence in MongoDB’s business but greater caution about near-term execution and valuation. MongoDB analyst target updates
• Negative Sentiment: Analysts and investors continue to assess the abrupt departure of CEO Chirantan Desai, who left to join Meta Platforms. The leadership transition triggered a sharp selloff and remains the primary overhang despite the buyback announcement. MongoDB CEO departure report
• Negative Sentiment: Coverage also notes that MDB has declined 7.1% since its latest earnings report, suggesting investors may be looking beyond the strong quarterly beat toward forward estimates, leadership stability, and the pace of future growth. MongoDB post-earnings performance report

MongoDB Trading Up 1.1%

MDB stock traded up $3.76 during midday trading on Friday, reaching $355.49. 795,206 shares of the company’s stock traded hands, compared to its average volume of 2,017,367. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10. The stock has a market cap of $28.64 billion, a P/E ratio of 498.22, a PEG ratio of 37.45 and a beta of 1.75. The stock’s 50-day moving average is $389.89 and its 200 day moving average is $333.01.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. The business had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company’s revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, research analysts expect that MongoDB will post 0.47 EPS for the current fiscal year.

MongoDB Company Profile

MongoDB, Inc develops and provides a general-purpose, document-oriented database platform. Its technology is designed to help organizations store, manage and analyze structured and unstructured data for applications such as artificial intelligence, analytics, mobile services, e-commerce and enterprise software.

The company’s principal offering is MongoDB Atlas, a fully managed cloud database service available across major cloud infrastructure providers. MongoDB also offers Enterprise Advanced, which provides commercial database software, security, operational controls and support for organizations running databases in their own environments or across hybrid and multicloud infrastructures.