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 |
