Principal Securities Inc. Buys 214 Shares of MongoDB, Inc. (NASDAQ:MDB)

Principal Securities Inc. boosted its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 41.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 731 shares of the company’s stock after acquiring an additional 214 shares during the period. Principal Securities Inc.’s holdings in MongoDB were worth $170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares in the last quarter. Hilltop National Bank lifted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Avestar Capital LLC boosted its stake in MongoDB by 2.0% in the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after buying an additional 42 shares in the last quarter. Rakuten Securities Inc. grew its position in MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in MongoDB by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 price objective on the stock. Loop Capital raised their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Macquarie initiated coverage on shares of MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 target price on the stock. Oppenheimer raised their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Finally, Needham & Company LLC boosted their price objective on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Stock Down 2.3 %

MDB stock opened at $267.10 on Tuesday. The business has a 50 day moving average of $261.74 and a 200-day moving average of $274.54. The firm has a market cap of $19.89 billion, a PE ratio of -97.48 and a beta of 1.28. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $459.27.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the firm earned $0.96 EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 2,581 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $604,186.29. Following the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $50,866,352.46. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,979 shares of company stock worth $11,265,417 in the last quarter. Insiders own 3.60% of the company’s stock.

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.