Financial giants have made a conspicuous bearish move on MongoDB ( MDB ). Our analysis of options history for MongoDB ( MDB ) revealed 15 unusual trades.

Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,515,767, and 4 were calls, valued at $171,400.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $310.0 to $430.0 for MongoDB ( MDB ) over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MongoDB's ( MDB ) options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MongoDB's ( MDB ) whale trades within a strike price range from $310.0 to $430.0 in the last 30 days.

MongoDB 30-Day Option Volume & Interest Snapshot

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.

After a thorough review of the options trading surrounding MongoDB ( MDB ), we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of MongoDB

Currently trading with a volume of 960,619, the MDB's price is up by 0.16%, now at $354.12.

RSI readings suggest the stock is currently may be oversold.

Anticipated earnings release is in 65 days.

What Analysts Are Saying About MongoDB

5 market experts have recently issued ratings for this stock, with a consensus target price of $474.0.

Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for MongoDB ( MDB ), targeting a price of $550.

Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for MongoDB ( MDB ), targeting a price of $435.

In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $475.

An analyst from Piper Sandler has decided to maintain their Overweight rating on MongoDB ( MDB ), which currently sits at a price target of $480.

In a positive move, an analyst from DA Davidson has upgraded their rating to Buy and adjusted the price target to $430.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MongoDB ( MDB ) options trades with real-time alerts from Benzinga Pro.