No, it's not. The provision was written into the US Constitution for reasons that made perfect sense at the time of its drafting. The framers were worried about the possibility of people who had been born elsewhere in the British Empire being subject to pressures on their extended families. The idea specifically revolved around the concept that only colonists could become president, again because they were worried about family entanglements with the rest of the British Empire.

It doesn't make a lot of sense in a modern context, but in order to accommodate the slave states, the US system was deliberately designed to be almost impossible to change and/or update, so we live with it even today.