MongoDB, Inc. $MDB Position Boosted by Voya Investment Management LLC

Voya Investment Management LLC lifted its stake in MongoDB, Inc. (NASDAQ:MDB) by 503.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 716,779 shares of the company’s stock after purchasing an additional 597,937 shares during the quarter. Voya Investment Management LLC owned 0.88% of MongoDB worth $222,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in MDB. Montag A & Associates Inc. increased its stake in MongoDB by 144.3% in the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after buying an additional 101 shares during the period. Promus Capital LLC acquired a new stake in shares of MongoDB during the 2nd quarter valued at $36,000. GAMMA Investing LLC grew its holdings in shares of MongoDB by 46.2% during the 3rd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock valued at $53,000 after acquiring an additional 54 shares in the last quarter. True Wealth Design LLC increased its stake in shares of MongoDB by 1,193.8% in the second quarter. True Wealth Design LLC now owns 207 shares of the company’s stock worth $43,000 after acquiring an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of MongoDB by 79.7% during the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Thomas Killalea sold 20,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the sale, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. The trade was a 38.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 89,969 shares of company stock worth $32,196,372 in the last 90 days. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Bank of America boosted their target price on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Morgan Stanley lifted their price target on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a report on Tuesday, December 2nd. Scotiabank increased their price objective on MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 2nd. Citigroup raised their price objective on shares of MongoDB from $440.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 3rd. Finally, Guggenheim boosted their target price on shares of MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $414.97.

MongoDB Stock Up 3.1%

Shares of MongoDB stock opened at $425.20 on Friday. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $432.55. The stock has a 50 day moving average price of $358.03 and a two-hundred day moving average price of $288.21. The stock has a market capitalization of $34.61 billion, a P/E ratio of -488.74 and a beta of 1.45.

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

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.