MongoDB, Inc. (NASDAQ:MDB) Position Boosted by Principal Securities Inc.

Principal Securities Inc. raised its holdings in shares of MongoDB, Inc. (NASDAQ:MDB) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731 shares of the company’s stock after acquiring an additional 214 shares during the period. Principal Securities Inc.’s holdings in MongoDB were worth $170,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MDB. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter valued at $36,000. Continuum Advisory LLC increased its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of MongoDB in the 3rd quarter worth $44,000. Finally, Versant Capital Management Inc lifted its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

Insider Transactions at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 169 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,979 shares of company stock worth $11,265,417 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.

MongoDB Price Performance

Shares of MDB stock opened at $267.10 on Tuesday. The stock has a market cap of $19.89 billion, a PE ratio of -97.48 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $459.27. The stock has a 50-day moving average of $261.74 and a 200-day moving average of $274.54.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MDB. Citigroup increased their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, December 16th. Robert W. Baird lifted their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus increased their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $361.00.

MongoDB 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.