MongoDB, Inc. $MDB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in MongoDB, Inc. (NASDAQ:MDB) by 6.8% during the second quarter, HoldingsChannel.com reports. The fund owned 197,193 shares of the company’s stock after selling 14,341 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in MongoDB were worth $41,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MDB. Cloud Capital Management LLC acquired a new stake in MongoDB during the 1st quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in MongoDB during the 1st quarter valued at $26,000. Cullen Frost Bankers Inc. grew its holdings in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the last quarter. State of Wyoming acquired a new stake in MongoDB during the 1st quarter valued at $62,000. Finally, Brooklyn Investment Group grew its holdings in MongoDB by 247.9% during the 1st quarter. Brooklyn Investment Group now owns 407 shares of the company’s stock valued at $71,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Up 2.0%

Shares of MDB opened at $340.17 on Tuesday. The firm has a market capitalization of $27.68 billion, a P/E ratio of -347.11 and a beta of 1.50. The stock’s fifty day simple moving average is $309.06 and its 200 day simple moving average is $237.73. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, August 26th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.66 by ($1.04). The firm had revenue of $591.40 million during the quarter, compared to analysts’ expectations of $553.23 million. MongoDB had a negative return on equity of 1.67% and a negative net margin of 3.54%.The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $0.70 earnings per share. MongoDB has set its FY 2026 guidance at 3.640-3.730 EPS. Q3 2026 guidance at 0.760-0.790 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 25,000 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $320.15, for a total value of $8,003,750.00. Following the transaction, the director directly owned 1,079,316 shares of the company’s stock, valued at approximately $345,543,017.40. This trade represents a 2.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $327.93, for a total value of $384,989.82. Following the completion of the transaction, the director directly owned 24,308 shares in the company, valued at $7,971,322.44. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,493 shares of company stock worth $32,450,023. Corporate insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Robert W. Baird increased their target price on MongoDB from $260.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. The Goldman Sachs Group increased their target price on MongoDB from $325.00 to $370.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Weiss Ratings reiterated a “sell (e+)” rating on shares of MongoDB in a report on Wednesday, October 8th. Needham & Company LLC increased their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, DA Davidson increased their price target on MongoDB from $325.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $342.69.

MongoDB Company Profile

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.