Pacer Advisors Inc. increased its holdings in MongoDB (MDB) by 209%. The firm acquired 3,077 shares, coinciding with positive market sentiment. Multiple brokerages recently raised their price targets on MDB, with some targets reaching $475.00.
Analyst optimism supports the stock’s outlook. The consensus rating for MDB remains a "Moderate Buy," and the average price target stands at $414.97.
Despite this positive outlook, the company has seen significant insider selling over the last quarter. Executives and directors sold a substantial number of shares during this period.