MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 23,831 put options on the company. This represents an increase of 2,157% compared to the average daily volume of 1,056 put options.

Insider Activity

In related news, Director Peter Thomas Killalea sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director directly owned 32,293 shares in the company, valued at approximately $10,394,147.91. This trade represents a 38.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $345.00, for a total value of $1,380,000.00. Following the completion of the sale, the director directly owned 1,065,316 shares in the company, valued at approximately $367,534,020. This represents a 0.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 108,492 shares of company stock valued at $34,213,359 over the last three months. Corporate insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of MDB. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of MongoDB by 3.8% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after purchasing an additional 40 shares during the last quarter. Huntington National Bank lifted its holdings in MongoDB by 110.9% during the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after buying an additional 51 shares in the last quarter. GAMMA Investing LLC boosted its position in MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after buying an additional 54 shares during the last quarter. Westside Investment Management Inc. boosted its position in MongoDB by 82.1% in the 3rd quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock valued at $39,000 after buying an additional 55 shares during the last quarter. Finally, WPG Advisers LLC increased its stake in shares of MongoDB by 53.7% in the 3rd quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after buying an additional 58 shares during the period. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. DA Davidson upped their target price on MongoDB from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Scotiabank upped their price objective on MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. Stephens started coverage on MongoDB in a report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 target price for the company. Sanford C. Bernstein raised their target price on MongoDB from $319.00 to $338.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Finally, BMO Capital Markets upped their price target on MongoDB from $365.00 to $415.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $354.97.

MongoDB Stock Performance

Shares of MDB opened at $351.14 on Friday. The company has a market cap of $28.57 billion, a price-to-earnings ratio of -358.31 and a beta of 1.52. The stock has a fifty day moving average price of $331.95 and a two-hundred day moving average price of $254.88. MongoDB has a 52-week low of $140.78 and a 52-week high of $385.44.

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