MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

Key Points

• Mongodb saw an unprecedented rise in call options trading, with a total of 36,130 options purchased, marking a 2,077% increase over typical trading volumes.
• Analysts have raised their price targets for MongoDB, with Cantor Fitzgerald increasing their target from $312 to $406, reflecting strong confidence in the company's stock.
• Insiders have sold over 106,000 shares, valued at approximately $31.9 million, in the past three months, with only 3.10% of the stock owned by corporate insiders.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Cantor Fitzgerald raised their price objective on shares of MongoDB from $312.00 to $406.00 and gave the company an "overweight" rating in a report on Thursday, September 18th. Macquarie raised their price objective on shares of MongoDB from $265.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Needham & Company LLC raised their price objective on shares of MongoDB from $325.00 to $365.00 and gave the company a "buy" rating in a report on Friday, September 19th. Wall Street Zen upgraded shares of MongoDB from a "hold" rating to a "buy" rating in a report on Saturday, September 20th. Finally, Barclays lifted their price target on shares of MongoDB from $305.00 to $345.00 and gave the stock an "overweight" rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $342.69.

Insider Activity

In related news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $320.15, for a total transaction of $8,003,750.00. Following the completion of the transaction, the director owned 1,079,316 shares of the company's stock, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $326.25, for a total transaction of $326,250.00. Following the transaction, the chief accounting officer directly owned 11,598 shares of the company's stock, valued at $3,783,847.50. The trade was a 7.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,163 shares of company stock worth $31,862,322 in the last three months. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock valued at $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. State Street Corp lifted its holdings in shares of MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company's stock valued at $355,554,000 after purchasing an additional 80,334 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of MongoDB by 5.2% in the second quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock valued at $292,597,000 after purchasing an additional 68,611 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after purchasing an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Stock Performance

NASDAQ MDB opened at $317.83 on Thursday. The firm has a market cap of $25.86 billion, a PE ratio of -324.32 and a beta of 1.50. The firm's fifty day moving average is $290.82 and its two-hundred day moving average is $227.67. MongoDB has a one year low of $140.78 and a one year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results 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 during the quarter, compared to analysts' expectations of $553.23 million. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm's revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts predict that MongoDB will post -1.78 earnings per share for the current year.

About MongoDB

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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