Fintel reports that on August 28, 2023, Citigroup maintained coverage of MongoDB Inc - (NASDAQ:MDB) with a Buy recommendation.
Analyst Price Forecast Suggests 11.50% Upside
As of August 2, 2023, the average one-year price target for MongoDB Inc - is 405.28. The forecasts range from a low of 212.10 to a high of $514.50. The average price target represents an increase of 11.50% from its latest reported closing price of 363.46.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for MongoDB Inc - is 1,594MM, an increase of 16.62%. The projected annual non-GAAP EPS is 0.49.
What is the Fund Sentiment?
There are 1261 funds or institutions reporting positions in MongoDB Inc -. This is an increase of 96 owner(s) or 8.24% in the last quarter. Average portfolio weight of all funds dedicated to MDB is 0.45%, an increase of 30.29%. Total shares owned by institutions decreased in the last three months by 1.00% to 74,999K shares. 
The put/call ratio of MDB is 1.17, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 5,034K shares representing 7.13% ownership of the company. In it's prior filing, the firm reported owning 7,594K shares, representing a decrease of 50.84%. The firm increased its portfolio allocation in MDB by 145.45% over the last quarter.
Jpmorgan Chase holds 3,344K shares representing 4.74% ownership of the company. In it's prior filing, the firm reported owning 3,590K shares, representing a decrease of 7.36%. The firm increased its portfolio allocation in MDB by 1,066.57% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 2,111K shares representing 2.99% ownership of the company. No change in the last quarter.
Capital World Investors holds 2,066K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 2,756K shares, representing a decrease of 33.42%. The firm increased its portfolio allocation in MDB by 22.96% over the last quarter.
Wellington Management Group Llp holds 2,044K shares representing 2.90% ownership of the company. In it's prior filing, the firm reported owning 2,411K shares, representing a decrease of 17.96%. The firm increased its portfolio allocation in MDB by 42.63% over the last quarter.
MongoDB Background Information
(This description is provided by the company.)
MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 22,600 customers in over 100 countries. The MongoDB database platform has been downloaded over 130 million times and there have been more than one million MongoDB University registrations.
Additional reading:
- Addendum to Employment Agreement, dated February 22, 2023, by and between the Registrant and Mark Porter
- MongoDB, Inc. Announces First Quarter Fiscal 2024 Financial Results First Quarter Fiscal 2024 Total Revenue of $368.3 million, up 29% Year-over-Year Continued Strong Customer Growth with Over 43,100 Customers as of April 30, 2023 MongoDB Atlas Revenu
- Subsidiaries of the Registrant
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