Rakuten Investment Management Inc. Acquires Shares of 128,921 MongoDB, Inc. $MDB

Rakuten Investment Management Inc. bought a new position in shares of MongoDB, Inc. (NASDAQ:MDB) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 128,921 shares of the company’s stock, valued at approximately $40,014,000.

A number of other large investors have also added to or reduced their stakes in the business. Montag A & Associates Inc. increased its holdings in shares of MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock valued at $36,000 after purchasing an additional 101 shares during the last quarter. Promus Capital LLC bought a new stake in shares of MongoDB during the 2nd quarter worth about $36,000. TD Private Client Wealth LLC grew its stake in MongoDB by 2,825.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after buying an additional 113 shares during the last quarter. True Wealth Design LLC grew its stake in MongoDB by 1,193.8% in the 2nd quarter. True Wealth Design LLC now owns 207 shares of the company’s stock valued at $43,000 after buying an additional 191 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in MongoDB by 79.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $46,000 after acquiring an additional 98 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MDB. Royal Bank Of Canada set a $500.00 price objective on MongoDB in a report on Thursday, January 15th. Mizuho boosted their price target on MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Canaccord Genuity Group increased their price objective on MongoDB from $375.00 to $455.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. Wall Street Zen raised shares of MongoDB from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Bank of America upped their price target on shares of MongoDB from $440.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $384.82 on Wednesday. The stock has a market capitalization of $31.32 billion, a P/E ratio of -442.32 and a beta of 1.38. The stock’s fifty day moving average is $394.10 and its 200 day moving average is $323.38. MongoDB, Inc. has a 52 week low of $140.78 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative net margin of 3.06% and a negative return on equity of 1.12%. The business had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the business posted $1.16 earnings per share. 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 research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Activity

In related news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the transaction, the director directly owned 25,659 shares of the company’s stock, valued at $10,824,249.15. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roelof Botha sold 24,850 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $405.85, for a total transaction of $10,085,372.50. Following the transaction, the director owned 194,600 shares of the company’s stock, valued at approximately $78,978,410. This represents a 11.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 82,162 shares of company stock worth $32,384,092. Insiders own 3.10% of the company’s stock.

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.