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

Core Viewpoint - MongoDB has shown strong quarterly performance with earnings exceeding expectations, and analysts have raised their price targets, indicating positive sentiment towards the stock Financial Performance - MongoDB reported earnings per share (EPS) of $1.32 for the last quarter, surpassing the consensus estimate of $0.79 by $0.53 [2] - The company achieved revenue of $628.31 million, exceeding analysts' expectations of $592.98 million, representing an 18.7% year-over-year increase [2] - The company has set Q4 2026 guidance at EPS of 1.440-1.480 and FY 2026 guidance at 4.760-4.800 EPS [2] Stock Performance - MDB stock opened at $435.25, with a 52-week low of $140.78 and a high of $440.67 [1] - The market capitalization of MongoDB is $35.43 billion, with a PE ratio of -500.29 and a beta of 1.45 [1] Analyst Ratings - Stifel Nicolaus raised their price target from $375.00 to $450.00 with a "buy" rating [3] - Citizens JMP increased their price target from $435.00 to $475.00 with a "market outperform" rating [3] - Citigroup raised their target price from $440.00 to $525.00 with a "buy" rating [3] - The average rating for MongoDB is "Moderate Buy" with a consensus target price of $414.97 [3] Insider Activity - Director Dwight A. Merriman sold 10,000 shares at an average price of $311.62, totaling $3,116,200 [5] - Director Roelof Botha sold 24,850 shares at an average price of $405.85, totaling $10,085,372.50 [5] - Over the last three months, insiders sold 79,969 shares valued at $29,937,272 [5] Hedge Fund Activity - Vanguard Group increased its stake by 5.0%, owning 8,985,697 shares valued at $2.79 billion [7] - ValueAct Holdings raised its stake by 206.8%, owning 2,118,200 shares valued at $657.45 million [7] - Institutional investors own 89.29% of MongoDB's stock [7] Company Overview - MongoDB, Inc. is known for its document-oriented database designed for modern application development, supporting high-performance, scalable data storage [8] - The company was founded in 2007 and completed its public listing in 2017 [9]