MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

Key Points

• MongoDB saw a significant increase in options trading volume, with 23,831 put options traded, a rise of 2,157% compared to its usual volume.
• Directors Hope F. Cochran and Dwight A. Merriman recently sold shares worth a combined total of approximately $704,067, indicating a slight decrease in their ownership stakes.
• MongoDB's latest earnings report showed a revenue increase of 21.8% year-over-year, with the company posting earnings per share of $1.00, exceeding the consensus estimate of $0.65.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of unusually large options trading on Wednesday. Traders bought 23,831 put options on the stock. Thisrepresentsanincreaseof2,157% compared to the typical volume of 1,056 put options.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the completion of the transaction, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,416 shares of company stock worth $11,936,656 in the last ninety days. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in the company. Ossiam boosted its holdings in shares of MongoDB by 16.0% during the 4th quarter. Ossiam now owns 791 shares of the company's stock valued at $184,000 after buying an additional 109 shares in the last quarter. Natixis increased its stake in shares of MongoDB by 209.4% in the 4th quarter. Natixis now owns 1,850 shares of the company's stock worth $431,000 after acquiring an additional 1,252 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in MongoDB by 138.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 51,432 shares of the company's stock valued at $11,974,000 after acquiring an additional 29,832 shares during the period. Tower Research Capital LLC TRC boosted its stake in MongoDB by 554.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,077 shares of the company's stock worth $1,880,000 after acquiring an additional 6,842 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in MongoDB by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,557 shares of the company's stock worth $362,000 after purchasing an additional 105 shares during the period. Institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $212.70 on Thursday. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The company's 50-day moving average is $215.74 and its 200 day moving average is $208.41. The stock has a market capitalization of $17.38 billion, a P/E ratio of -186.58 and a beta of 1.44.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The business had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same period in the previous year, the firm posted $0.51 EPS. The business's revenue was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. Research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MDB shares. Zacks Research raised shares of MongoDB to a "hold" rating in a report on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of MongoDB in a research report on Thursday, June 5th. BMO Capital Markets started coverage on MongoDB in a research report on Monday, July 28th. They set an "outperform" rating and a $280.00 price target on the stock. Bank of America upped their price objective on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Finally, Macquarie reiterated a "neutral" rating and set a $230.00 price objective (up from $215.00) on shares of MongoDB in a research report on Friday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $283.46.

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.

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