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Principal Financial Group Inc. lessened its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 77.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,935 shares of the company’s stock after selling 20,918 shares during the period. Principal Financial Group Inc.’s holdings in MongoDB were worth $1,484,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EMC Capital Management raised its stake in shares of MongoDB by 125.0% in the 2nd quarter. EMC Capital Management now owns 3,600 shares of the company’s stock valued at $953,000 after acquiring an additional 2,000 shares during the period. TrueMark Investments LLC purchased a new stake in shares of MongoDB in the second quarter worth about $1,768,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of MongoDB in the second quarter valued at about $10,498,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of MongoDB by 4.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 14,534 shares of the company’s stock valued at $3,633,000 after buying an additional 602 shares during the period. Finally, Whittier Trust Co. lifted its position in MongoDB by 4.9% during the 2nd quarter. Whittier Trust Co. now owns 29,764 shares of the company’s stock worth $7,440,000 after acquiring an additional 1,384 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on MDB. Citigroup boosted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Friday, August 30th. UBS Group boosted their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Loop Capital decreased their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Oppenheimer upped their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $337.56.
Check Out Our Latest Research Report on MongoDB
Insider Transactions at MongoDB
In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $224.38, for a total transaction of $263,422.12. Following the sale, the director now directly owns 13,011 shares of the company’s stock, valued at $2,919,408.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the transaction, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The disclosure for this sale can be found here. Insiders sold a total of 33,179 shares of company stock worth $8,346,169 over the last three months. 3.60% of the stock is currently owned by insiders.
MongoDB Price Performance
Shares of MDB opened at $295.18 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The firm has a market cap of $21.80 billion, a PE ratio of -105.05 and a beta of 1.15. The firm’s 50 day moving average price is $255.38 and its 200 day moving average price is $305.33. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same period last year, the business earned ($0.63) EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. As a group, research analysts expect that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
MongoDB Company 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.
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