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
|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||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|