Stock Traders Purchase Large Volume of Put Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 23,831 put options on the company. This is an increase of 2,157% compared to the average daily volume of 1,056 put options.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating and issued a $340.00 price target (down from $400.00) on shares of MongoDB in a report on Tuesday, March 3rd. Canaccord Genuity Group reduced their price target on shares of MongoDB from $455.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Stifel Nicolaus reduced their price target on shares of MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of MongoDB in a report on Friday, March 27th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $425.00 price objective on shares of MongoDB in a report on Monday, March 2nd. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.16.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $252.33, for a total transaction of $1,009,320.00. Following the completion of the sale, the director directly owned 476,896 shares of the company’s stock, valued at approximately $120,335,167.68. This trade represents a 0.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 14,756 shares of company stock valued at $3,734,893. Insiders own 3.10% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Integrated Wealth Concepts LLC lifted its holdings in MongoDB by 31.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in MongoDB by 55.0% during the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC bought a new position in MongoDB during the 2nd quarter valued at about $329,000. Cresset Asset Management LLC lifted its holdings in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in MongoDB by 28.3% during the 2nd quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Guggenheim reiterated a “Buy” rating on MDB, reinforcing analyst bullishness that can support demand for the shares. Guggenheim Reiterates Buy
• Positive Sentiment: Unusually large call-option buying: traders purchased ~36,130 call contracts (roughly a 2,077% rise versus typical call volume), a strong short-term bullish signal that can lift the stock as hedging and directional bets push demand.
• Positive Sentiment: Analyst consensus and coverage remain favorable—MDB was given an average recommendation of “Moderate Buy,” which supports continued investor interest. Moderate Buy Coverage
• Neutral Sentiment: Insider selling by director Dwight A. Merriman: two small sales (8,000 shares on 4/14 at ~$236.89 and 4,000 shares on 4/16 at ~$252.33) were executed under a pre-arranged Rule 10b5-1 plan, reducing his holdings modestly. Pre-arranged status mutes the negative signal but is still monitored by markets. Form 4
• Negative Sentiment: Large put-option buying: investors also acquired ~23,831 put contracts (about a 2,157% increase versus typical put volume), signaling elevated hedging or downside speculation that could add volatility and selling pressure if sentiment shifts.

MongoDB Stock Performance

NASDAQ:MDB opened at $251.14 on Friday. The company has a 50-day moving average of $285.05 and a 200-day moving average of $341.68. The company has a market capitalization of $20.18 billion, a price-to-earnings ratio of -285.39 and a beta of 1.60. MongoDB has a 52 week low of $148.88 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.18. The company had revenue of $695.07 million during the quarter, compared to the consensus estimate of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. Sell-side analysts forecast that MongoDB will post -1.78 EPS for the current year.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.