Traders Purchase Large Volume of MongoDB Call Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading activity on Wednesday. Investors purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the typical volume of 1,660 call options.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $252.33, for a total transaction of $1,009,320.00. Following the sale, the director directly owned 476,896 shares of the company’s stock, valued at approximately $120,335,167.68. This represents a 0.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,756 shares of company stock valued at $3,734,893. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its holdings in shares of MongoDB by 1,220.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of MongoDB in the 4th quarter worth approximately $28,000. Huntington National Bank lifted its holdings in shares of MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of MongoDB in the 4th quarter worth approximately $33,000. Finally, TD Private Client Wealth LLC lifted its holdings in MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock worth $36,000 after buying an additional 113 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of MongoDB from $435.00 to $400.00 and set a “buy” rating for the company in a research note on Tuesday, March 3rd. UBS Group decreased their target price on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $425.00 target price on shares of MongoDB in a report on Monday, March 2nd. Wells Fargo & Company decreased their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating on the stock in a report on Tuesday, March 3rd. Finally, The Goldman Sachs Group decreased their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a report on Wednesday, March 4th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $366.16.

MongoDB Stock Performance

Shares of MDB stock opened at $251.14 on Friday. The firm’s 50 day moving average price is $285.05 and its 200-day moving average price is $341.68. MongoDB has a one year low of $148.88 and a one year high of $444.72. The firm has a market cap of $20.18 billion, a P/E ratio of -285.39 and a beta of 1.60.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm had revenue of $695.07 million for the quarter, compared to analyst estimates of $669.40 million. During the same period in the prior year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, research analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst bullishness that can support demand for the shares. Guggenheim Reiterates Buy
• Positive Sentiment: Unusually large call-option buying: traders purchased ~36,130 call contracts (roughly a 2,077% rise versus typical call volume), a strong short-term bullish signal that can lift the stock as hedging and directional bets push demand.
• Positive Sentiment: Analyst consensus and coverage remain favorable—MDB was given an average recommendation of “Moderate Buy,” which supports continued investor interest. Moderate Buy Coverage
• Neutral Sentiment: Insider selling by director Dwight A. Merriman: two small sales (8,000 shares on 4/14 at ~$236.89 and 4,000 shares on 4/16 at ~$252.33) were executed under a pre-arranged Rule 10b5-1 plan, reducing his holdings modestly. Pre-arranged status mutes the negative signal but is still monitored by markets. Form 4
• Negative Sentiment: Large put-option buying: investors also acquired ~23,831 put contracts (about a 2,157% increase versus typical put volume), signaling elevated hedging or downside speculation that could add volatility and selling pressure if sentiment shifts.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.