MongoDB Target of Unusually Large Options Trading (NASDAQ:MDB)

Key Points

• MongDB experienced a significant spike in options trading, with investors purchasing 23,831 put options, marking an increase of about 2,157% over the average volume.
• Analysts have raised their price targets on MongoDB, with Goldman Sachs setting a new target of $370 and Guggenheim increasing theirs to $400, reflecting a strong consensus of "Moderate Buy" ratings from multiple firms.
• Despite posting a loss of ($0.38) EPS in its latest quarterly earnings, MongoDB's revenue surged by 23.7% year-over-year, reaching $591.40 million, exceeding analyst expectations.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading on Wednesday. Investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the average volume of 1,056 put options.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of MongoDB from $325.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Guggenheim lifted their price objective on MongoDB from $310.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Macquarie upped their price objective on MongoDB from $265.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, September 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $290.00 price objective on shares of MongoDB in a report on Friday, August 22nd. Finally, Robert W. Baird upped their price objective on MongoDB from $260.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $342.69.

MongoDB Trading Up 1.3%

NASDAQ MDB opened at $317.83 on Thursday. The firm has a market capitalization of $25.86 billion, a P/E ratio of -324.32 and a beta of 1.50. The firm's fifty day moving average price is $290.82 and its two-hundred day moving average price is $227.67. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 26th. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($1.04). MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The firm had revenue of $591.40 million during the quarter, compared to analyst estimates of $553.23 million. During the same quarter in the prior year, the business earned $0.70 EPS. The business's revenue was up 23.7% compared to the same quarter last year. 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 anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the sale, the director owned 24,308 shares of the company's stock, valued at $7,971,322.44. The trade was a 4.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the sale, the director owned 14,493 shares in the company, valued at $4,492,830. The trade was a 1.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,163 shares of company stock worth $31,862,322 over the last quarter. Corporate insiders own 3.10% of the company's stock.

Institutional Trading of MongoDB

Hedge funds have recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in MongoDB during the 1st quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in MongoDB during the 1st quarter worth $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock worth $28,000 after acquiring an additional 120 shares during the period. Montag A & Associates Inc. increased its stake in MongoDB by 144.3% during the 2nd 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 period. Finally, Promus Capital LLC bought a new position in MongoDB during the 2nd quarter worth $36,000. 89.29% of the stock is owned by institutional investors and hedge funds.

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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