MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

MongoDB Stock Up 1.2%

NASDAQ:MDB opened at $340.53 on Thursday. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00. The firm has a market capitalization of $27.71 billion, a PE ratio of -347.48 and a beta of 1.50. The firm has a 50-day moving average price of $313.97 and a 200 day moving average price of $240.21.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The firm had revenue of $591.40 million for the quarter, compared to analyst estimates of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. On average, research analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total transaction of $6,437,400.00. Following the completion of the sale, the director directly owned 32,293 shares in the company, valued at $10,394,147.91. This represents a 38.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director owned 14,493 shares of the company’s stock, valued at approximately $4,492,830. The trade was a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 107,493 shares of company stock valued at $33,830,023. 3.10% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Hedge funds have recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of MongoDB by 20.0% during the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after buying an additional 249 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of MongoDB by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock valued at $1,359,000 after purchasing an additional 298 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Red Spruce Capital LLC increased its holdings in shares of MongoDB by 11.8% in the second quarter. Red Spruce Capital LLC now owns 13,533 shares of the company’s stock valued at $2,842,000 after purchasing an additional 1,426 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of MongoDB by 875.2% in the first quarter. Jones Financial Companies Lllp now owns 9,947 shares of the company’s stock valued at $1,745,000 after purchasing an additional 8,927 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of MongoDB in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $430.00 target price for the company. Wedbush increased their target price on shares of MongoDB from $300.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Scotiabank increased their target price on shares of MongoDB from $280.00 to $320.00 and gave the company a “sector perform” rating in a research note on Friday, September 19th. Canaccord Genuity Group increased their price target on shares of MongoDB from $340.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Finally, Citigroup reissued an “outperform” rating on shares of MongoDB in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $342.69.

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.