Stock Traders Buy Large Volume of Put Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading activity on Wednesday. Traders bought 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.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Scotiabank upgraded MDB to “sector outperform” and raised its price target to $310 (from $275), signaling buy-side interest after the recent drop. Scotiabank upgrade (Benzinga)
• Positive Sentiment: Several firms reaffirmed or kept bullish ratings despite cuts to targets — e.g., Citigroup set a $400 target and Rosenblatt reaffirmed a buy — supporting demand from longer‑term holders. Citigroup $400 target
• Neutral Sentiment: Unusually heavy options activity: huge spikes in both call (≈36,130) and put (≈23,831) volume — suggests traders are positioning for big moves or hedging, increasing near‑term volatility but ambiguous directional signal.
• Neutral Sentiment: Management and investor outreach: MongoDB presented at the Morgan Stanley TMT conference (management visibility can help clarify guidance and sell‑side assumptions). Morgan Stanley presentation transcript (Seeking Alpha)
• Negative Sentiment: FY27 guidance and management shakeup drove the initial selloff: despite Q4 revenue/EPS beats and Atlas growth, management issued muted near‑term profit guidance and announced go‑to‑market leadership changes, which spooked investors and triggered a sharp drop. Guidance miss / stock plunge (Reuters)
• Negative Sentiment: Multiple analysts cut price targets or lowered expectations (UBS, Canaccord, Goldman trimmed targets; Barclays and others issued cautious notes), increasing short‑term selling pressure and analyst uncertainty. Analyst target changes summary (AmericanBankingNews)

MongoDB Trading Up 6.1%

Shares of NASDAQ MDB traded up $15.11 during trading on Thursday, reaching $263.12. 2,087,471 shares of the company traded hands, compared to its average volume of 2,028,675. The stock has a market cap of $21.42 billion, a P/E ratio of -299.00 and a beta of 1.40. The firm’s fifty day simple moving average is $375.80 and its 200 day simple moving average is $351.28. MongoDB has a 12-month low of $140.78 and a 12-month high of $444.72.

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

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director owned 1,041,316 shares of the company’s stock, valued at $435,093,064.28. This represents a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at approximately $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 57,354 shares of company stock worth $23,474,994. Insiders own 3.10% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several large investors have recently made changes to their positions in MDB. Cornerstone Planning Group LLC raised its holdings in shares of MongoDB by 1,220.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of MongoDB in the fourth quarter worth approximately $28,000. Huntington National Bank increased its position in shares of MongoDB by 110.9% during the third quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after purchasing an additional 51 shares in the last quarter. International Assets Investment Management LLC acquired a new position in MongoDB in the 4th quarter valued at $33,000. Finally, Montag A & Associates Inc. raised its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Cantor Fitzgerald decreased their price target on MongoDB from $454.00 to $378.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho decreased their price objective on shares of MongoDB from $380.00 to $290.00 and set a “neutral” rating for the company in a research report on Tuesday. Royal Bank Of Canada dropped their target price on shares of MongoDB from $500.00 to $395.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wedbush cut their price target on shares of MongoDB from $440.00 to $380.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, UBS Group lowered their price objective on shares of MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $354.18.

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.