Stock Traders Buy Large Volume of Call Options on MongoDB (NASDAQ:MDB)

04 Apr 2025, 08:40 by Teresa Graham · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders bought 36,130 call options on the stock. This is an increase of 2,077% compared to the typical daily volume of 1,660 call options.

Insiders Place Their Bets

In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the sale, the director now owns 19,333 shares in the company, valued at approximately $3,377,281.77. This represents a 5.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the sale, the director now directly owns 85,652 shares in the company, valued at $20,785,170.84. This trade represents a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,032 shares of company stock valued at $9,818,567. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the fourth quarter valued at about $29,000. Hilltop National Bank grew its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. NCP Inc. bought a new stake in MongoDB in the 4th quarter valued at $35,000. Continuum Advisory LLC increased its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $163.34 on Friday. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of -59.61 and a beta of 1.49. The stock’s 50 day simple moving average is $238.83 and its 200 day simple moving average is $263.02. MongoDB has a twelve month low of $158.75 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the firm posted $0.86 EPS. On average, analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased their price objective on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Citigroup decreased their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Truist Financial dropped their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Cantor Fitzgerald began coverage on MongoDB in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

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