ING Groep NV Lowers Stock Holdings in MongoDB, Inc. $MDB

ING Groep NV reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 28.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,002 shares of the company’s stock after selling 56,470 shares during the quarter. ING Groep NV owned about 0.18% of MongoDB worth $45,006,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in MongoDB by 46.2% in the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $53,000 after purchasing an additional 54 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of MongoDB by 82.1% in the third quarter. Westside Investment Management Inc. now owns 122 shares of the company’s stock worth $39,000 after purchasing an additional 55 shares during the period. WPG Advisers LLC raised its position in shares of MongoDB by 53.7% in the third quarter. WPG Advisers LLC now owns 166 shares of the company’s stock worth $52,000 after buying an additional 58 shares in the last quarter. Main Management ETF Advisors LLC boosted its stake in MongoDB by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the company’s stock valued at $770,000 after buying an additional 60 shares during the period. Finally, Versant Capital Management Inc grew its position in MongoDB by 4.6% during the third quarter. Versant Capital Management Inc now owns 1,377 shares of the company’s stock worth $427,000 after buying an additional 61 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. The trade was a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the sale, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. This trade represents a 1.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 72,353 shares of company stock worth $28,825,998. Insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

Shares of MDB opened at $377.68 on Wednesday. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The firm has a market cap of $30.74 billion, a price-to-earnings ratio of -434.11 and a beta of 1.38. The firm has a 50 day moving average price of $404.39 and a 200-day moving average price of $340.06.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 1st. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $0.79 by $0.53. The company had revenue of $628.31 million for 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 quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the firm earned $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, equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Scotiabank raised their price target on MongoDB from $320.00 to $415.00 and gave the company a “sector perform” rating in a report on Tuesday, December 2nd. DA Davidson upped their price objective on shares of MongoDB from $415.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Oppenheimer reiterated an “outperform” rating on shares of MongoDB in a research report on Monday, January 5th. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Wedbush increased their price target on shares of MongoDB from $400.00 to $440.00 and gave the stock an “outperform” rating in a report on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $422.29.

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.