Mizuho Securities Reaffirms Their Hold Rating on MongoDB (MDB)

Mizuho Securities analyst Matthew Broome reiterated a Hold rating on MongoDB (MDBResearch Report) yesterday and set a price target of $300.00. The company’s shares closed yesterday at $241.11.

Broome covers the Technology sector, focusing on stocks such as Ansys, PTC, and Sabre. According to TipRanks, Broome has an average return of 0.5% and a 42.31% success rate on recommended stocks.

In addition to Mizuho Securities, MongoDB also received a Hold from Monness’s Brian White in a report issued yesterday. However, on the same day, Stifel Nicolaus maintained a Buy rating on MongoDB (NASDAQ: MDB).

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MDB market cap is currently $21.99B and has a P/E ratio of -60.16.

Based on the recent corporate insider activity of 103 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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