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Principal Financial Group Inc. trimmed its holdings in shares of Mongodb Inc (NASDAQ:MDB) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,153 shares of the company’s stock after selling 5,559 shares during the period. Principal Financial Group Inc. owned 0.31% of Mongodb worth $6,820,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Mongodb by 268.3% in the first quarter. BlackRock Inc. now owns 1,246,117 shares of the company’s stock valued at $54,081,000 after purchasing an additional 907,784 shares in the last quarter. Wells Fargo & Company MN bought a new stake in Mongodb in the fourth quarter valued at approximately $14,839,000. Millennium Management LLC bought a new stake in Mongodb in the fourth quarter valued at approximately $11,579,000. Frontier Capital Management Co. LLC increased its stake in Mongodb by 195.3% in the first quarter. Frontier Capital Management Co. LLC now owns 437,076 shares of the company’s stock valued at $18,969,000 after purchasing an additional 289,080 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in Mongodb in the fourth quarter valued at approximately $4,683,000. 26.76% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on MDB. Citigroup began coverage on shares of Mongodb in a research note on Thursday, June 28th. They issued a “neutral” rating and a $56.00 target price for the company. KeyCorp began coverage on shares of Mongodb in a research report on Monday, May 14th. They set an “overweight” rating and a $50.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price objective (up previously from $35.00) on shares of Mongodb in a research report on Wednesday, March 14th. Finally, Needham & Company LLC increased their price objective on shares of Mongodb from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, June 4th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $47.00.
Shares of Mongodb opened at $51.18 on Friday, according to MarketBeat. Mongodb Inc has a 12 month low of $24.62 and a 12 month high of $59.54. The firm has a market cap of $2.54 billion and a P/E ratio of -29.41.
Mongodb (NASDAQ:MDB) last announced its earnings results on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.43). The business had revenue of $48.20 million for the quarter, compared to analyst estimates of $46.46 million. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. analysts forecast that Mongodb Inc will post -2.22 EPS for the current fiscal year.
In other news, major shareholder Whale Rock Capital Management purchased 450,000 shares of the business’s stock in a transaction on Thursday, May 3rd. The stock was purchased at an average price of $38.35 per share, for a total transaction of $17,257,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eliot Horowitz sold 9,262 shares of the stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.06, for a total transaction of $454,393.72. The disclosure for this sale can be found here. Insiders have sold 132,789 shares of company stock valued at $7,681,776 in the last 90 days. 40.04% of the stock is currently owned by corporate insiders.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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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