Mitsubishi UFJ Trust & Banking Corp Lowers Position in MongoDB, Inc. $MDB

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 40.9% in the 3rd quarter, Holdings Channel reports. The firm owned 33,990 shares of the company’s stock after selling 23,507 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in MongoDB were worth $10,550,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MDB. Parkside Financial Bank & Trust lifted its position in MongoDB by 85.5% during the third quarter. Parkside Financial Bank & Trust now owns 141 shares of the company’s stock valued at $44,000 after purchasing an additional 65 shares during the last quarter. Proem Advisors LLC purchased a new position in MongoDB in the third quarter worth $7,291,000. Olympiad Research LP bought a new position in MongoDB in the third quarter valued at $281,000. Rakuten Investment Management Inc. bought a new position in MongoDB in the third quarter valued at $40,014,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its position in MongoDB by 31.6% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 53,677 shares of the company’s stock valued at $16,660,000 after purchasing an additional 12,900 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 0.2%

MDB stock opened at $411.04 on Thursday. The stock has a market capitalization of $33.45 billion, a price-to-earnings ratio of -472.46 and a beta of 1.38. The firm’s 50-day moving average price is $400.80 and its two-hundred day moving average price is $330.71. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $444.72.

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

Analyst Upgrades and Downgrades

MDB has been the topic of several recent research reports. Robert W. Baird increased their price objective on MongoDB from $335.00 to $500.00 and gave the company an “outperform” rating in a research report on Tuesday, December 2nd. Wells Fargo & Company lifted their price target on shares of MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of MongoDB in a research note on Tuesday, January 20th. Monness Crespi & Hardt increased their target price on shares of MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $422.29.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,139 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $388.31, for a total transaction of $442,285.09. Following the transaction, the director owned 81,652 shares in the company, valued at $31,706,288.12. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 555 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $413.86, for a total transaction of $229,692.30. Following the completion of the sale, the chief accounting officer owned 10,784 shares of the company’s stock, valued at $4,463,066.24. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,162 shares of company stock worth $31,004,092. Insiders own 3.10% of the company’s stock.

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.