Decoding MongoDB's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Recent options trading activity for MongoDB (NASDAQ:MDB) shows a bearish sentiment among investors, with 68% of trades being bearish. The trading activity suggests a price target range of $190 to $700 for MongoDB in the next three months. The company, founded in 2007, serves nearly 33,000 paying customers with its NoSQL database. MongoDB's current market status shows a slight increase in stock price by 0.55% to $489.2, with an earnings announcement expected in 20 days. Analyst ratings in the last month have varied, with an average target price of $470.75.
February 15, 2024 | 3:46 pm
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Bearish options trading activity observed for MongoDB, with a price target range of $190-$700. The stock has seen a slight increase of 0.55% to $489.2. Analyst ratings have been mixed, with an average target price of $470.75. An earnings announcement is expected in 20 days.
The bearish sentiment in options trading could indicate investor caution or speculation on a price decline, but the slight increase in stock price and the upcoming earnings announcement add uncertainty. Mixed analyst ratings further complicate the short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100