Investors Purchase Large Volume of Put Options on MongoDB (NASDAQ:MDB)

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

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the transaction, the chief accounting officer directly owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. The trade was a 7.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the transaction, the director owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 107,493 shares of company stock valued at $33,830,023 over the last quarter. Insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of MongoDB by 46.2% during the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after buying an additional 54 shares during the period. WPG Advisers LLC boosted its holdings in MongoDB by 53.7% in the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock valued at $52,000 after purchasing an additional 58 shares during the period. Main Management ETF Advisors LLC boosted its holdings in MongoDB by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock valued at $770,000 after purchasing an additional 60 shares during the period. Versant Capital Management Inc boosted its holdings in MongoDB by 4.6% in the third quarter. Versant Capital Management Inc now owns 1,377 shares of the company’s stock valued at $427,000 after purchasing an additional 61 shares during the period. Finally, Carnegie Investment Counsel boosted its holdings in MongoDB by 3.6% in the second quarter. Carnegie Investment Counsel now owns 1,803 shares of the company’s stock valued at $379,000 after purchasing an additional 62 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on MDB shares. Stifel Nicolaus boosted their price target on MongoDB from $325.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Macquarie upped their target price on MongoDB from $265.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, September 18th. Wolfe Research increased their price target on MongoDB from $280.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 27th. Wedbush increased their target price on MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Truist Financial increased their target price on MongoDB from $330.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $342.69.

MongoDB Stock Up 1.2%

MDB stock opened at $340.53 on Thursday. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The business has a fifty day moving average of $313.97 and a two-hundred day moving average of $240.21. The stock has a market cap of $27.71 billion, a price-to-earnings ratio of -347.48 and a beta of 1.50.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.66 by ($1.04). MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The firm had revenue of $591.40 million for the quarter, compared to analysts’ expectations of $553.23 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 23.7% on a year-over-year basis. 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, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current year.

MongoDB Company Profile

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.