Financial giants have made a conspicuous bearish move on MongoDB ( MDB ). Our analysis of options history for MongoDB ( MDB ) revealed 11 unusual trades.

Delving into the details, we found 36% of traders were bullish, while 63% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $187,051, and 7 were calls, valued at $375,767.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $315.0 to $395.0 for MongoDB ( MDB ) during the past quarter.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for MongoDB ( MDB ) options trades today is 23.0 with a total volume of 381.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's ( MDB ) big money trades within a strike price range of $315.0 to $395.0 over the last 30 days.

MongoDB Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About MongoDB

Founded in 2007, MongoDB ( MDB ) is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB ( MDB ) provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's ( MDB ) database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

Following our analysis of the options activities associated with MongoDB ( MDB ), we pivot to a closer look at the company's own performance.

Current Position of MongoDB

Currently trading with a volume of 187,669, the MDB's price is up by 0.92%, now at $330.47.

RSI readings suggest the stock is currently may be approaching oversold.

Anticipated earnings release is in 38 days.

Professional Analyst Ratings for MongoDB

In the last month, 3 experts released ratings on this stock with an average target price of $468.3333333333333.

An analyst from Needham downgraded its action to Buy with a price target of $465.

Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for MongoDB ( MDB ), targeting a price of $440.

An analyst from Tigress Financial has decided to maintain their Buy rating on MongoDB ( MDB ), which currently sits at a price target of $500.

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