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

05 Mar 2026, 16:08 by Amy Steele · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading on Wednesday. Traders purchased 23,831 put options on the company. This represents an increase of 2,157% compared to the average daily volume of 1,056 put options.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: Scotiabank upgraded MDB to “sector outperform” and raised its price target to $310 (from $275), signaling buy-side interest after the recent drop. Scotiabank upgrade (Benzinga)
Positive Sentiment: Several firms reaffirmed or kept bullish ratings despite cuts to targets — e.g., Citigroup set a $400 target and Rosenblatt reaffirmed a buy — supporting demand from longer‑term holders. Citigroup $400 target
Neutral Sentiment: Unusually heavy options activity: huge spikes in both call (≈36,130) and put (≈23,831) volume — suggests traders are positioning for big moves or hedging, increasing near‑term volatility but ambiguous directional signal.
Neutral Sentiment: Management and investor outreach: MongoDB presented at the Morgan Stanley TMT conference (management visibility can help clarify guidance and sell‑side assumptions). Morgan Stanley presentation transcript (Seeking Alpha)
Negative Sentiment: FY27 guidance and management shakeup drove the initial selloff: despite Q4 revenue/EPS beats and Atlas growth, management issued muted near‑term profit guidance and announced go‑to‑market leadership changes, which spooked investors and triggered a sharp drop. Guidance miss / stock plunge (Reuters)
Negative Sentiment: Multiple analysts cut price targets or lowered expectations (UBS, Canaccord, Goldman trimmed targets; Barclays and others issued cautious notes), increasing short‑term selling pressure and analyst uncertainty. Analyst target changes summary (AmericanBankingNews)

Analyst Ratings Changes

A number of analysts have commented on MDB shares. Bank of America reiterated a “buy” rating on shares of MongoDB in a research note on Tuesday. Wells Fargo & Company cut their target price on shares of MongoDB from $450.00 to $375.00 and set an “overweight” rating for the company in a research note on Tuesday. UBS Group reduced their price target on MongoDB from $440.00 to $275.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup dropped their price objective on MongoDB from $435.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Argus raised their price objective on MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $354.18.

Check Out Our Latest Report on MDB

MongoDB Stock Up 7.4%

Shares of MongoDB stock traded up $18.46 on Thursday, hitting $266.47. The stock had a trading volume of 1,960,354 shares, compared to its average volume of 2,025,698. The stock has a market cap of $21.69 billion, a price-to-earnings ratio of -302.81 and a beta of 1.40. MongoDB has a twelve month low of $140.78 and a twelve month high of $444.72. The business’s 50 day moving average is $375.80 and its two-hundred day moving average is $351.28.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.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 posted $1.28 EPS. As a group, equities analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,190 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total transaction of $440,002.50. Following the completion of the transaction, the director directly owned 80,462 shares of the company’s stock, valued at $29,750,824.50. This trade represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 555 shares of MongoDB stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares in the company, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,354 shares of company stock worth $23,474,994 in the last 90 days. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the 4th quarter valued at $28,000. Cornerstone Planning Group LLC grew its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock valued at $27,000 after acquiring an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB in the fourth quarter valued at about $33,000. Root Financial Partners LLC raised its stake in MongoDB by 58.2% during the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock worth $37,000 after acquiring an additional 32 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new position in shares of MongoDB in the fourth quarter worth about $38,000. 89.29% of the stock is owned by institutional investors.

About MongoDB

(Get Free Report)

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.