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

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading activity on Wednesday. Stock investors acquired 23,831 put options on the company. This is an increase of 2,157% compared to the typical volume of 1,056 put options.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on MongoDB from $319.00 to $338.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. BMO Capital Markets increased their price objective on MongoDB from $365.00 to $415.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Piper Sandler raised their price objective on MongoDB from $345.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Morgan Stanley upped their target price on MongoDB from $325.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Finally, Stephens assumed coverage on shares of MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.97.

Insider Buying and Selling at MongoDB

In other news, Director Charles M. Hazard, Jr. sold 833 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $383.72, for a total transaction of $319,638.76. Following the completion of the transaction, the director owned 45,700 shares in the company, valued at approximately $17,536,004. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $345.00, for a total transaction of $1,380,000.00. Following the completion of the sale, the director owned 1,065,316 shares in the company, valued at $367,534,020. The trade was a 0.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 108,492 shares of company stock valued at $34,213,359 over the last 90 days. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of MDB. Envestnet Asset Management Inc. lifted its position in shares of MongoDB by 44.6% in the first quarter. Envestnet Asset Management Inc. now owns 127,425 shares of the company’s stock worth $22,350,000 after buying an additional 39,311 shares during the last quarter. Xponance Inc. lifted its holdings in MongoDB by 3.2% in the 1st quarter. Xponance Inc. now owns 14,121 shares of the company’s stock worth $2,477,000 after purchasing an additional 444 shares during the last quarter. Arizona State Retirement System boosted its position in MongoDB by 0.4% during the first quarter. Arizona State Retirement System now owns 21,504 shares of the company’s stock worth $3,772,000 after purchasing an additional 83 shares during the period. New York State Common Retirement Fund boosted its position in MongoDB by 20.4% during the first quarter. New York State Common Retirement Fund now owns 113,134 shares of the company’s stock worth $19,844,000 after purchasing an additional 19,174 shares during the period. Finally, CWM LLC grew its holdings in MongoDB by 8.7% during the first quarter. CWM LLC now owns 3,607 shares of the company’s stock valued at $633,000 after purchasing an additional 289 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $365.38 on Thursday. The business has a 50 day simple moving average of $331.37 and a 200 day simple moving average of $254.21. MongoDB has a 52 week low of $140.78 and a 52 week high of $385.44. The stock has a market cap of $29.73 billion, a price-to-earnings ratio of -372.84 and a beta of 1.52.

MongoDB (NASDAQ:MDB) last posted its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($1.04). The business had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. MongoDB’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, analysts predict that MongoDB will post -1.78 EPS for the current 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.