Tiger Global Management Reduces $117M in MongoDB, Inc. ($MDB)
Key Points
- Tiger Global Management changed its MongoDB, Inc. ($MDB) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $MDB is Buy and an average price target of $394.68.
- $MDB last traded around $342.80.
Tiger Global Management reduced its position in MongoDB, Inc. ($MDB), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of MongoDB, Inc. after selling 341,000 shares during the quarter.
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About MongoDB, Inc.
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It offers professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
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