Investors Buy Large Volume of MongoDB Call Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of some unusual options trading activity on Wednesday. Traders bought 36,130 call options on the company. This is an increase of 2,077% compared to the average volume of 1,660 call options.

MongoDB Stock Performance

Shares of MongoDB stock opened at $435.25 on Friday. MongoDB has a one year low of $140.78 and a one year high of $440.67. The company has a market cap of $35.42 billion, a P/E ratio of -500.29 and a beta of 1.45. The firm has a fifty day moving average of $369.99 and a two-hundred day moving average of $296.17.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDB. Canaccord Genuity Group boosted their price objective on MongoDB from $375.00 to $455.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Stifel Nicolaus lifted their target price on shares of MongoDB from $375.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. The Goldman Sachs Group upped their price target on shares of MongoDB from $405.00 to $475.00 and gave the company a “buy” rating in a research report on Tuesday, December 2nd. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Mizuho raised their price objective on shares of MongoDB from $250.00 to $310.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $414.97.

Insider Activity

In related news, Director Charles M. Hazard, Jr. sold 166 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $326.13, for a total value of $54,137.58. Following the completion of the sale, the director directly owned 13,995 shares of the company’s stock, valued at $4,564,189.35. The trade was a 1.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director directly owned 194,600 shares in the company, valued at approximately $78,978,410. The trade was a 11.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 79,969 shares of company stock worth $29,937,272 over the last three months. Company insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds have recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after acquiring an additional 40 shares during the period. Brooklyn Investment Group increased its holdings in shares of MongoDB by 7.4% in the 3rd quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock valued at $211,000 after purchasing an additional 47 shares in the last quarter. Huntington National Bank lifted its stake in shares of MongoDB by 110.9% in the third quarter. Huntington National Bank now owns 97 shares of the company’s stock valued at $30,000 after purchasing an additional 51 shares during the period. GAMMA Investing LLC lifted its stake in shares of MongoDB by 46.2% in the third quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after purchasing an additional 54 shares during the period. Finally, Westside Investment Management Inc. boosted its holdings in MongoDB by 82.1% during the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after buying an additional 55 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

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.