Scotiabank analyst Patrick Colville maintained a Hold rating on MongoDB (MDB – Research Report) today and set a price target of $385.00. The company’s shares closed last Friday at $362.85.
According to TipRanks, Colville is an analyst with an average return of -3.9% and a 42.74% success rate. Colville covers the Technology sector, focusing on stocks such as Check Point, Informatica, and Fortinet.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MongoDB with a $434.17 average price target.
MDB market cap is currently $26.43B and has a P/E ratio of -146.35.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MDB in relation to earlier this year.
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MongoDB (MDB) Company Description:
MongoDB, Inc. engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Atlas, and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan, and Geir Magnusson Jr. in 2007 and is headquartered in New York, NY.
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