MongoDB, Inc. (NASDAQ:MDB) Stock Holdings Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in MongoDB, Inc. (NASDAQ:MDB) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,999 shares of the company’s stock after selling 96 shares during the period. Principal Financial Group Inc.’s holdings in MongoDB were worth $1,397,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the third quarter worth approximately $36,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the third quarter worth approximately $44,000. Finally, Versant Capital Management Inc boosted its holdings in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,314 shares of company stock worth $13,337,753. Company insiders own 3.60% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $264.13 on Thursday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $424.00. The company’s fifty day moving average is $263.70 and its 200-day moving average is $275.28. The company has a market capitalization of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The business 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 quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MDB shares. The Goldman Sachs Group lifted their target price on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Tigress Financial lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC lifted their target price on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their target price on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Finally, Loop Capital reduced their target price on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.83.

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.