6,151 MongoDB, Inc. $MDB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Posted by Brian Himes on Nov 4th, 2026

Sumitomo Mitsui Trust Group Inc. reduced its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 157,606 shares of the company’s stock after selling 6,151 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in MongoDB were worth $54,943,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Evergreen Capital Management LLC increased its stake in MongoDB by 3.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,001 shares of the company’s stock valued at $349,000 after buying an additional 31 shares during the period. Moody National Bank Trust Division boosted its stake in shares of MongoDB by 3.1% during the 2nd quarter. Moody National Bank Trust Division now owns 1,123 shares of the company’s stock valued at $377,000 after buying an additional 34 shares during the period. Basecamp Wealth Advisors LLC raised its stake in shares of MongoDB by 14.3% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 287 shares of the company’s stock worth $70,000 after purchasing an additional 36 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in MongoDB by 27.1% in the second quarter. Parkside Financial Bank & Trust now owns 178 shares of the company’s stock valued at $60,000 after acquiring an additional 38 shares during the last quarter. Finally, Brookstone Capital Management increased its position in MongoDB by 4.9% during the third quarter. Brookstone Capital Management now owns 836 shares of the company’s stock worth $291,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on MDB. DA Davidson decreased their price target on shares of MongoDB from $465.00 to $415.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Zacks Research raised shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. KGI Securities began coverage on MongoDB in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target on the stock. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Robert W. Baird upped their price target on shares of MongoDB from $335.00 to $400.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $461.91.

Check Out Our Latest Stock Analysis on MongoDB

Insiders Place Their Bets

In other MongoDB news, Director Archana Agrawal sold 1,000 shares of MongoDB stock in a transaction that occurred on Tuesday, October 13th. The shares were sold at an average price of $400.00, for a total value of $400,000.00. Following the transaction, the director owned 4,328 shares of the company’s stock, valued at approximately $1,731,200. The trade was a 18.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles M. Hazard, Jr. sold 595 shares of the company’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $363.85, for a total transaction of $216,490.75. Following the completion of the transaction, the director owned 45,237 shares of the company’s stock, valued at $16,459,482.45. This trade represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,595 shares of company stock valued at $13,465,211 in the last quarter. 2.60% of the stock is owned by company insiders.

MongoDB Trading Up 1.5%

NASDAQ:MDB opened at $335.37 on Wednesday. The business’s 50-day moving average price is $379.47 and its two-hundred day moving average price is $338.40. MongoDB, Inc. has a 1-year low of $215.68 and a 1-year high of $473.10. The firm has a market capitalization of $27.02 billion, a price-to-earnings ratio of 1,436.65, a PEG ratio of 30.08 and a beta of 1.74.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Sell-side analysts predict that MongoDB, Inc. will post 0.50 earnings per share for the current year.

About MongoDB

(Free Report)

MongoDB, Inc develops and provides a modern database platform designed to help organizations build, deploy and scale applications. Its flagship technology is MongoDB, a document-oriented database that stores data in flexible, JSON-like documents and is intended to support a broad range of application development and data-management needs.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that run databases in their own data centers or in hybrid environments.