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

Principal Financial Group Inc. trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,068 shares of the company’s stock after selling 1,384 shares during the quarter. Principal Financial Group Inc.’s holdings in MongoDB were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cherry Creek Investment Advisors Inc. raised its position in shares of MongoDB by 1.5% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after buying an additional 50 shares in the last quarter. CWM LLC raised its position in shares of MongoDB by 2.4% during the 1st quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $521,000 after buying an additional 52 shares in the last quarter. Cetera Advisor Networks LLC raised its position in shares of MongoDB by 7.4% during the 2nd quarter. Cetera Advisor Networks LLC now owns 860 shares of the company’s stock worth $223,000 after buying an additional 59 shares in the last quarter. First Republic Investment Management Inc. raised its holdings in shares of MongoDB by 1.0% in the 4th quarter. First Republic Investment Management Inc. now owns 6,406 shares of the company’s stock worth $1,261,000 after purchasing an additional 61 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of MongoDB by 4.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,512 shares of the company’s stock worth $298,000 after purchasing an additional 65 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 2,174 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total value of $811,315.06. Following the transaction, the director now owns 8,200 shares in the company, valued at $3,060,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the transaction, the director now owns 1,213,159 shares in the company, valued at $509,526,780. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the transaction, the director now owns 8,200 shares in the company, valued at approximately $3,060,158. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,551 shares of company stock worth $31,143,942. Insiders own 4.80% of the company’s stock.

MongoDB Trading Up 3.0 %

NASDAQ:MDB opened at $392.88 on Tuesday. The stock’s 50 day moving average price is $390.24 and its 200 day moving average price is $306.34. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $439.00. The company has a market capitalization of $27.73 billion, a P/E ratio of -113.55 and a beta of 1.11. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. KeyCorp boosted their target price on shares of MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. Truist Financial boosted their target price on shares of MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday. Capital One Financial assumed coverage on shares of MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of MongoDB from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Friday. Finally, Barclays lifted their target price on shares of MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $407.39.

MongoDB Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.