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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading on Wednesday. Traders acquired 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the typical volume of 1,056 put options.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research reports. Wolfe Research boosted their price objective on shares of MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of MongoDB in a research note on Monday. Citizens Jmp increased their price target on MongoDB from $435.00 to $475.00 and gave the company a “market outperform” rating in a report on Tuesday, December 2nd. Robert W. Baird lifted their price objective on MongoDB from $335.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Finally, Rosenblatt Securities upped their price objective on MongoDB from $385.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $414.97.

MongoDB Price Performance

Shares of MDB stock opened at $435.25 on Thursday. The company has a market cap of $35.43 billion, a price-to-earnings ratio of -500.29 and a beta of 1.45. MongoDB has a 1 year low of $140.78 and a 1 year high of $440.67. The firm has a fifty day moving average price of $367.57 and a 200-day moving average price of $295.20.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million for the quarter, compared to the consensus estimate of $592.98 million. During the same period in the previous year, the business earned $1.16 earnings per share. MongoDB’s quarterly revenue was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. Equities research analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, Director Roelof Botha sold 24,850 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the sale, the director owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 79,969 shares of company stock worth $29,937,272 over the last quarter. 3.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Norinchukin Bank The bought a new position in shares of MongoDB in the first quarter worth approximately $356,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of MongoDB by 0.7% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,240 shares of the company’s stock valued at $2,498,000 after buying an additional 95 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of MongoDB by 149.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,203 shares of the company’s stock valued at $386,000 after buying an additional 1,320 shares in the last quarter. SVB Wealth LLC bought a new position in MongoDB in the 1st quarter worth $96,000. Finally, Comerica Bank increased its stake in MongoDB by 326.0% in the 1st quarter. Comerica Bank now owns 69,251 shares of the company’s stock worth $12,147,000 after buying an additional 52,996 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.