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

Independence Bank of Kentucky lifted its position in MongoDB, Inc. (NASDAQ:MDB) by 147.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,125 shares of the company’s stock after buying an additional 1,860 shares during the period. Independence Bank of Kentucky’s holdings in MongoDB were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after acquiring an additional 1,069,969 shares during the period. Jericho Capital Asset Management L.P. bought a new position in shares of MongoDB in the 1st quarter worth approximately $161,543,000. Norges Bank purchased a new position in shares of MongoDB in the second quarter worth approximately $164,338,000. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 9.5% in the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company’s stock worth $1,796,321,000 after buying an additional 744,547 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in MongoDB by 503.1% during the third quarter. Voya Investment Management LLC now owns 716,779 shares of the company’s stock valued at $222,474,000 after buying an additional 597,937 shares during the period. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 1,566 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total transaction of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares of the company’s stock, valued at approximately $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 10,000 shares of MongoDB stock in a transaction on Friday, December 12th. The shares were sold at an average price of $417.83, for a total transaction of $4,178,300.00. Following the completion of the sale, the director owned 1,041,316 shares in the company, valued at approximately $435,093,064.28. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 99,969 shares of company stock worth $36,374,672. Insiders own 3.10% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $430.18 on Friday. The stock has a fifty day simple moving average of $360.34 and a two-hundred day simple moving average of $290.53. The firm has a market capitalization of $35.01 billion, a PE ratio of -494.46 and a beta of 1.45. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $432.55.

MongoDB (NASDAQ:MDB) last released 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 firm had revenue of $628.31 million during the quarter, compared to analyst estimates of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. Scotiabank increased their price target on shares of MongoDB from $320.00 to $415.00 and gave the stock a “sector perform” rating in a research report on Tuesday, December 2nd. KeyCorp reaffirmed a “sector weight” rating on shares of MongoDB in a report on Tuesday, December 2nd. Sanford C. Bernstein lifted their target price on MongoDB from $338.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Bank of America boosted their price target on MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, BMO Capital Markets upped their price target on MongoDB from $415.00 to $455.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Two equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $414.97.

MongoDB Profile

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.