MongoDB (MDB) Soars 4.8% on Lower than Average Trading Volume

MongoDB surged to $428.87 per share this afternoon, but it remains 9.26% above its mean target price of $392.54. There may still be room for more downwards movement — even after today's 4.8% drop. Analysts are giving the large-cap Software stock on average rating of buy, with target prices ranging from $210.0 to $490.0 per share.

MongoDB has an average level of shares sold short, at 6.5% of its total share float. The stock's short ratio (also called days to cover) is 1.63. The company's insiders own 3.5% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Institutional investors own 92.9% of MongoDB's shares, which indicates they have a high level of confidence in the company.

Institutions Invested in MongoDB

Date Reported Holder Percentage Shares Value
2023-03-31 Price (T.Rowe) Associates Inc 11% 7,593,996 $3,256,837,027
2023-03-31 Vanguard Group Inc 9% 6,441,601 $2,762,609,389
2023-03-31 FMR, LLC 7% 5,057,217 $2,168,888,630
2023-03-31 Blackrock Inc. 7% 5,050,332 $2,165,935,860
2023-03-31 JP Morgan Chase & Company 5% 3,590,384 $1,539,807,968
2023-03-31 Capital World Investors 4% 2,756,163 $1,182,035,612
2023-03-31 Wellington Management Group, LLP 3% 2,411,475 $1,034,209,271
2023-03-31 Franklin Resources, Inc. 3% 1,878,061 $805,444,011
2023-03-31 State Street Corporation 2% 1,386,773 $594,745,329
2023-03-31 Voya Investment Management LLC 2% 1,346,671 $577,546,785
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.