Check Out What Whales Are Doing With MDB
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $310.0 to $620.0 for MongoDB over the last 3 months. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, respectively, with price targets of $425 and $462.
August 07, 2023 | 4:00 pm
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A large investor has taken a bearish stance on MongoDB, with unusual options activity indicating a price target range of $310 to $620. JMP Securities and Keybanc maintain positive ratings with price targets of $425 and $462.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. However, the positive ratings and price targets set by JMP Securities and Keybanc suggest a positive outlook for the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100