Independence Bank of Kentucky Raises Stock Holdings in MongoDB, Inc. $MDB

Independence Bank of Kentucky lifted its holdings in MongoDB, Inc. (NASDAQ:MDB) by 147.0% in the third quarter, HoldingsChannel reports. The firm owned 3,125 shares of the company’s stock after purchasing an additional 1,860 shares during the quarter. Independence Bank of Kentucky’s holdings in MongoDB were worth $970,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MDB. Brooklyn Investment Group grew its stake in shares of MongoDB by 247.9% in the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock worth $71,000 after buying an additional 290 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of MongoDB by 2.1% in the 1st quarter. Northern Trust Corp now owns 477,812 shares of the company’s stock valued at $83,808,000 after acquiring an additional 9,802 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in MongoDB by 100.0% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 8,436 shares of the company’s stock worth $1,491,000 after acquiring an additional 4,217 shares in the last quarter. CW Advisors LLC bought a new stake in MongoDB during the first quarter worth approximately $3,521,000. Finally, Norinchukin Bank The purchased a new stake in MongoDB during the first quarter valued at approximately $356,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Roelof Botha sold 24,850 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $405.85, for a total value of $10,085,372.50. Following the transaction, the director owned 194,600 shares of the company’s stock, valued at $78,978,410. This represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $311.62, for a total value of $3,116,200.00. Following the sale, the director directly owned 1,069,316 shares of the company’s stock, valued at approximately $333,220,251.92. This trade represents a 0.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 99,969 shares of company stock valued at $36,374,672 over the last quarter. 3.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MDB shares. Piper Sandler reiterated an “overweight” rating and issued a $490.00 target price (up previously from $400.00) on shares of MongoDB in a report on Tuesday, December 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. UBS Group increased their target price on shares of MongoDB from $330.00 to $440.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of MongoDB in a report on Monday, December 15th. Finally, Barclays upped their price target on shares of MongoDB from $390.00 to $415.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.97.

MongoDB Trading Up 1.2%

NASDAQ MDB opened at $430.18 on Friday. The stock has a market cap of $35.01 billion, a PE ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $432.55. The company’s 50-day moving average price is $360.34 and its 200-day moving average price is $290.53.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The firm’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $1.16 EPS. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.