Oppenheimer Reaffirms Their Buy Rating on MongoDB Inc (MDB)

By Ryan Adsit

In a report released today, Ittai Kidron from Oppenheimer maintained a Buy rating on MongoDB Inc (MDBResearch Report), with a price target of $155.00. The company’s shares closed last Monday at $134.93.

According to TipRanks.com, Kidron is a top 25 analyst with an average return of 29.8% and a 69.4% success rate. Kidron covers the Technology sector, focusing on stocks such as Cambium Networks Corporation, Smartsheet Inc, and New Relic Inc.

Currently, the analyst consensus on MongoDB Inc is a Strong Buy with an average price target of $179.25.

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The company has a one-year high of $184.78 and a one-year low of $63.44. Currently, MongoDB Inc has an average volume of 1.52M.

Based on the recent corporate insider activity of 101 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.