Monness Crespi & Hardt started coverage on shares of Mongodb (NASDAQ:MDB) in a report issued on Wednesday, MarketBeat.com reports. The firm issued a buy rating and a $51.00 price target on the stock.
Other research analysts have also issued research reports about the stock. Canaccord Genuity initiated coverage on shares of Mongodb in a research note on Wednesday, December 13th. They set a buy rating on the stock. Needham & Company LLC upgraded shares of Mongodb from a hold rating to a buy rating and set a $34.00 price target on the stock in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mongodb from a hold rating to a buy rating and set a $33.00 price target on the stock in a research note on Saturday, January 13th. Stifel Nicolaus increased their price target on shares of Mongodb from $34.00 to $43.00 and gave the stock a buy rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley dropped their price target on shares of Mongodb from $33.00 to $32.00 and set an equal weight rating on the stock in a research note on Tuesday, January 30th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.10.
Shares of MDB traded down $0.25 during mid-day trading on Wednesday, hitting $40.44. 55,779 shares of the company’s stock were exchanged, compared to its average volume of 390,421. Mongodb has a twelve month low of $24.62 and a twelve month high of $46.26. The firm has a market cap of $2,051.83 and a price-to-earnings ratio of -23.39.
A number of large investors have recently bought and sold shares of MDB. Thompson Davis & CO. Inc. acquired a new position in Mongodb in the 4th quarter valued at $103,000. Brighton Jones LLC acquired a new position in Mongodb in the 4th quarter valued at $214,000. Wolverine Trading LLC acquired a new position in Mongodb in the 4th quarter valued at $295,000. Bamco Inc. NY acquired a new position in Mongodb in the 4th quarter valued at $297,000. Finally, Wolverine Asset Management LLC acquired a new position in Mongodb in the 4th quarter valued at $445,000. Institutional investors and hedge funds own 26.81% of the company’s stock.
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MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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