Monness analyst Brian White maintained a Buy rating on MongoDB Inc (NASDAQ: MDB) today and set a price target of $60. The company’s shares closed yesterday at $48.
According to TipRanks.com, White is a 5-star analyst with an average return of 15.6% and a 66.8% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
MongoDB Inc has an analyst consensus of Strong Buy, with a price target consensus of $57.20.
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Based on MongoDB Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $29.16 million. In comparison, last year the company had a GAAP net loss of $19.69 million.
Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 Professional, Development Support, Ops and Cloud Manager. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr. in 2007 and is headquartered in New York, NY.
