MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors bought 36,130 call options on the stock. Thisrepresentsanincreaseof2,077% compared to the typical daily volume of 1,660 call options.
MongoDB Stock Performance
Shares of NASDAQ:MDB opened at $212.70 on Thursday. The firm has a market capitalization of $17.38 billion, a P/E ratio of -186.58 and a beta of 1.44. The stock has a 50 day moving average price of $215.74 and a 200-day moving average price of $208.41. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%.The firm's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS. On average, equities analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.
Insider Activity at MongoDB
In related news, Director Dwight A. Merriman sold 2,000 shares of the business'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 value of $468,000.00. Following the completion of the sale, the director owned 1,107,006 shares in the company, valued at $259,039,404. The trade was a 0.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the transaction, the chief executive officer owned 256,974 shares in the company, valued at $60,131,916. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,416 shares of company stock valued at $11,936,656. Corporate insiders own 3.10% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of MDB. Cloud Capital Management LLC purchased a new position in shares of MongoDB during the first quarter valued at approximately $25,000. Hollencrest Capital Management purchased a new position in MongoDB during the first quarter valued at $26,000. Cullen Frost Bankers Inc. boosted its holdings in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock worth $36,000 after acquiring an additional 101 shares during the last quarter. Finally, True Wealth Design LLC increased its holdings in shares of MongoDB by 1,193.8% during the second quarter. True Wealth Design LLC now owns 207 shares of the company's stock valued at $43,000 after acquiring an additional 191 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MDB has been the subject of several analyst reports. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target for the company in a research report on Thursday, June 5th. Wedbush restated an "outperform" rating and set a $300.00 target price on shares of MongoDB in a report on Thursday, June 5th. UBS Group lifted their price target on MongoDB from $213.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, June 5th. Cantor Fitzgerald increased their price objective on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Finally, Macquarie restated a "neutral" rating and issued a $230.00 target price (up previously from $215.00) on shares of MongoDB in a report on Friday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $283.46.
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MongoDB Company Profile
(
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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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