Mongodb (NASDAQ:MDB)‘s stock had its “equal weight” rating reissued by Morgan Stanley in a note issued to investors on Wednesday. They currently have a $35.00 target price on the stock, up from their prior target price of $32.00. Morgan Stanley’s target price suggests a potential downside of 12.50% from the stock’s previous close.
MDB has been the subject of several other reports. Canaccord Genuity Group began coverage on Mongodb in a report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target (up from $34.00) on shares of Mongodb in a report on Wednesday. Stifel Nicolaus increased their price target on Mongodb from $34.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Canaccord Genuity began coverage on Mongodb in a report on Wednesday, December 13th. They issued a “buy” rating for the company. Finally, Zacks Investment Research downgraded Mongodb from a “buy” rating to a “hold” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Mongodb presently has an average rating of “Hold” and a consensus price target of $37.56.
Shares of Mongodb (NASDAQ:MDB) opened at $40.00 on Wednesday. Mongodb has a twelve month low of $24.62 and a twelve month high of $41.50.
Institutional investors have recently made changes to their positions in the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Mongodb during the fourth quarter valued at about $103,000. Brighton Jones LLC acquired a new stake in shares of Mongodb during the fourth quarter valued at about $214,000. Wolverine Trading LLC acquired a new stake in shares of Mongodb during the fourth quarter valued at about $295,000. Bamco Inc. NY acquired a new stake in shares of Mongodb during the fourth quarter valued at about $297,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Mongodb during the fourth quarter valued at about $445,000. Institutional investors own 26.80% 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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