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MongoDB, Inc. (NASDAQ:MDB) Shares Bought by Principal Financial Group Inc.

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Principal Financial Group Inc. grew its stake in shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) by 11.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,837 shares of the company’s stock after acquiring an additional 6,689 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of MongoDB worth $16,306,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDB. Park Avenue Securities LLC acquired a new position in shares of MongoDB during the 1st quarter valued at about $232,000. FDx Advisors Inc. acquired a new position in shares of MongoDB during the 1st quarter valued at about $260,000. Arizona State Retirement System increased its stake in shares of MongoDB by 4.7% during the 1st quarter. Arizona State Retirement System now owns 16,579 shares of the company’s stock valued at $7,354,000 after acquiring an additional 750 shares during the last quarter. abrdn plc increased its stake in shares of MongoDB by 5.8% during the 1st quarter. abrdn plc now owns 6,704 shares of the company’s stock valued at $3,009,000 after acquiring an additional 365 shares during the last quarter. Finally, Shell Asset Management Co. grew its holdings in shares of MongoDB by 6.4% during the 1st quarter. Shell Asset Management Co. now owns 1,887 shares of the company’s stock worth $837,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 89.85% of the company’s stock.

Insider Activity at MongoDB

In related news, insider Thomas Bull sold 502 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total transaction of $99,817.68. Following the sale, the insider now directly owns 16,602 shares of the company’s stock, valued at approximately $3,301,141.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, Director Archana Agrawal sold 663 shares of the stock in a transaction on Monday, August 29th. The stock was sold at an average price of $345.55, for a total value of $229,099.65. Following the sale, the director now directly owns 2,080 shares of the company’s stock, valued at $718,744. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Bull sold 502 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total value of $99,817.68. Following the completion of the sale, the insider now directly owns 16,602 shares in the company, valued at $3,301,141.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,665 shares of company stock valued at $19,034,603. Corporate insiders own 5.70% of the company’s stock.

MongoDB Stock Performance

MongoDB stock opened at $150.77 on Thursday. The stock has a market cap of $10.36 billion, a P/E ratio of -28.13 and a beta of 1.07. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. The stock has a 50 day moving average of $182.68 and a 200-day moving average of $251.48. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $570.58.

MongoDB (NASDAQ:MDBGet Rating) last released its earnings results on Wednesday, August 31st. The company reported ($1.69) EPS for the quarter, missing the consensus estimate of ($1.52) by ($0.17). The business had revenue of $303.66 million for the quarter, compared to analysts’ expectations of $282.31 million. MongoDB had a negative net margin of 33.43% and a negative return on equity of 52.05%. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. During the same quarter last year, the company posted ($1.15) earnings per share. On average, analysts expect that MongoDB, Inc. will post -5.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDB. The Goldman Sachs Group decreased their target price on MongoDB to $430.00 in a report on Tuesday, September 6th. Morgan Stanley cut MongoDB from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $368.00 to $215.00 in a report on Monday. Redburn Partners upgraded MongoDB from a “sell” rating to a “neutral” rating in a report on Tuesday, October 18th. KeyCorp began coverage on MongoDB in a report on Monday. They set an “overweight” rating and a $215.00 target price for the company. Finally, Credit Suisse Group decreased their target price on MongoDB from $500.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, September 1st. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $345.90.

MongoDB Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Institutional Ownership by Quarter for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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