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MongoDB (MDB) Stock Forecast, Price & News

$335.76
+2.14 (+0.64%)
(As of 04:00 PM ET)
Compare
Today's Range
$331.00
$339.54
50-Day Range
$333.62
$431.21
52-Week Range
$135.15
$439.00
Volume
1.22 million shs
Average Volume
1.66 million shs
Market Capitalization
$23.96 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$418.08

MongoDB MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
24.1% Upside
$418.08 Price Target
Short Interest
Healthy
5.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.52mentions of MongoDB in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$41.82 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.17) to ($2.15) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Computer And Technology Sector

114th out of 585 stocks

Prepackaged Software Industry

27th out of 199 stocks


MDB stock logo

About MongoDB (NASDAQ:MDB) Stock

MongoDB, Inc. is a leading American software company transforming how organizations manage and utilize data. With its flagship product, MongoDB, a NoSQL database platform, the company has become a pioneer in the industry by offering flexible and scalable solutions for storing and analyzing data. MongoDB's mission is to empower organizations to unleash the power of their data and enable them to build innovative applications that drive business success.

Headquartered in New York City, MongoDB Inc. operates globally, serving customers across various industries, including technology, finance, healthcare, and retail. The company provides various products and services catering to different customer needs. MongoDB Atlas, a hosted multi-cloud database-as-a-service solution, offers a hassle-free and scalable approach to managing databases in the cloud. MongoDB Enterprise Advanced provides a commercial database server for enterprise customers to run on-premises, in the cloud, or hybrid environments. Additionally, MongoDB offers Community Server, a free-to-download version that allows developers to get started with MongoDB's powerful features.

The company has garnered a strong customer base, including renowned organizations such as Adobe, Barclays, eBay, and Verizon. MongoDB's innovative solutions have gained recognition and accolades, positioning the company as a leader in the database management space.

MongoDB, Inc. is led by a dynamic and experienced management team that drives the company's growth and success. The team is headed by Chief Operation Officer Dev Ittycheria, who has been instrumental in shaping MongoDB's strategic direction since his appointment in 2014. Dev brings a wealth of industry knowledge and leadership experience to the company. Working alongside Dev is Co-Founder and Director Dwight A. Merriman, whose visionary contributions have been invaluable to MongoDB's development. 

MongoDB, Inc. has demonstrated robust financial performance, underscoring its strong market position and customer demand for its products and services. The company's revenue has been increasing yearly. Despite facing some challenges, MongoDB managed to maintain a positive growth trajectory.

Although the net income showed a negative figure, it is important to note that MongoDB has been making significant investments in research and development, marketing, and expanding its global presence. These investments are expected to contribute to the company's long-term growth and profitability.

MongoDB, Inc. has a solid balance sheet with total assets that will cover all company liabilities. The company has a healthy cash and short-term investment balance, ensuring it has the resources to fund its growth initiatives.

MongoDB, Inc.'s stock performance has been noteworthy, attracting the attention of investors and driving significant market interest. The stock has recently experienced notable price movements and trading volume fluctuations, reflecting the market's recognition of MongoDB's potential.

Investor sentiment has been largely positive, fueled by the company's impressive revenue growth and expanding customer base. MongoDB's innovative database platform has positioned it as a disruptor in the industry, attracting attention from technology enthusiasts and traditional enterprises seeking modern solutions for their data management needs.

MongoDB, Inc. operates in the prepackaged software industry within the broader computer and technology sector. The company's focus on developing a NoSQL database platform sets it apart from traditional relational database systems, offering enhanced flexibility and scalability for modern application development.

The industry has shifted towards cloud-based solutions, driven by the increasing adoption of Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) models. As organizations generate vast amounts of data, the demand for efficient and scalable data management solutions has surged. MongoDB's innovative approach aligns with these market trends, positioning the company for continued growth.

While competition exists in the database management space, MongoDB differentiates itself through its comprehensive suite of offerings, developer-friendly tools, and robust community support. The company's ability to adapt to evolving customer needs and its commitment to open-source principles have solidified its competitive advantage.

MongoDB, Inc. possesses several avenues for future growth and expansion. As the demand for cloud-based solutions continues to rise, the company's MongoDB Atlas offers a compelling solution for organizations looking to leverage the power of the cloud while minimizing infrastructure complexities.

MongoDB's focus on data analytics and machine learning presents another significant growth opportunity. The ability to extract actionable insights from data has become crucial for organizations seeking a competitive edge. MongoDB's platform enables advanced analytics and real-time decision-making, positioning the company to capitalize on the growing demand for data-driven intelligence.

Additionally, MongoDB, Inc. has the potential for strategic acquisitions to enhance its product portfolio and expand its market reach. By identifying complementary technologies or companies that align with its vision, MongoDB can accelerate its growth trajectory and capture new market segments.

While MongoDB, Inc. operates in a promising industry, it faces risks and challenges that could impact its future performance. The competitive landscape continually evolves, with established players and emerging startups vying for market share. MongoDB must remain agile and innovate to stay ahead of the competition.

The company's heavy reliance on open-source software presents both opportunities and challenges. While open-source projects foster a vibrant community and drive adoption, monetizing open-source products can be challenging. MongoDB's ability to balance its open-source and commercial offerings will be crucial for its long-term success.

Moreover, regulatory changes and data privacy concerns pose risks for MongoDB and its customers. As governments implement stricter data protection regulations, compliance requirements may impact the company's operations and customer adoption.

MDB Price History

MDB Stock News Headlines

AI 2.0 is Here: How to Invest in a Generational Opportunity (MDB)
AI is sweeping the world but don't confuse apples with oranges; here's a look at the top 5 advancements in AI and who is using it.
This is How to Get the Best Exposure to AI App Development (MDB)
AI apps and services will be the largest share of the market, and these companies have already staked their claims and proven their value.
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
5 Critical Takeaways From MongoDB's Q2 Results for AI Investors
MongoDB has emerged as the go-to source for AI-powered development tools and database services, and its shares are moving higher.
MongoDB (MDB) Unveils Atlas for Manufacturing and Automotive
MongoDB Unveils Atlas For Manufacturing And Automotive
MongoDB Launches Atlas for Manufacturing and Automotive
MongoDB Target of Unusually Large Options Trading (NASDAQ:MDB)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
MongoDB: NoSQL Is Winning In The AI-First Environment
MongoDB (NASDAQ:MDB) Trading Down 2.7% on Insider Selling
Massive Insider Trade At MongoDB
MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech Sells 16,143 Shares
Investors Eye MongoDB As A Promising AI Play
MongoDB Revenue Soars as Focus Turns to AI Enablement Tools
MongoDB Unusual Options Activity For September 08
MongoDB Q2: Too Expensive For Now
Bernstein Sticks to Their Buy Rating for MongoDB (MDB)
See More Headlines
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MDB Company Calendar

Last Earnings
6/01/2023
Today
9/22/2023
Next Earnings (Estimated)
12/05/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MDB
Fax
N/A
Employees
4,619
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$418.08
High Stock Price Forecast
$490.00
Low Stock Price Forecast
$230.00
Forecasted Upside/Downside
+24.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
25 Analysts

Profitability

Net Income
$-345,400,000.00
Pretax Margin
-15.27%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Book Value
$12.41 per share

Miscellaneous

Free Float
67,920,000
Market Cap
$23.93 billion
Optionable
Optionable
Beta
1.11

Social Links

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Key Executives

  • Mr. Dev C. IttycheriaMr. Dev C. Ittycheria (Age 56)
    Pres, CEO & Director
    Comp: $431.5k
  • Mr. Dwight A. MerrimanMr. Dwight A. Merriman (Age 54)
    Co-Founder & Director
    Comp: $30k
  • Mr. Michael Lawrence Gordon (Age 53)
    COO & CFO
    Comp: $356.5k
  • Mr. Cedric PechMr. Cedric Pech (Age 49)
    Chief Revenue Officer
    Comp: $773.1k
  • Ms. Mindy Lieberman
    Chief Information Officer
  • Mr. Andrew Stephens
    Gen. Counsel & Corp. Sec.
  • Mr. Peder Ulander
    Chief Marketing & Strategy Officer
  • Ms. Harsha Jalihal
    Chief People Officer
  • Mr. Ronnen Miller
    Exec. VP of Global Technical Services
  • Ms. Cailin Nelson
    Exec. VP of Cloud Engineering













MDB Stock - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 1 sell rating, 3 hold ratings and 21 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MDB shares.
View MDB analyst ratings
or view top-rated stocks.

What is MongoDB's stock price forecast for 2023?

25 brokers have issued 12-month price targets for MongoDB's shares. Their MDB share price forecasts range from $230.00 to $490.00. On average, they expect the company's share price to reach $418.08 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for MDB
or view top-rated stocks among Wall Street analysts.

How have MDB shares performed in 2023?

MongoDB's stock was trading at $196.84 at the beginning of 2023. Since then, MDB shares have increased by 69.5% and is now trading at $333.62.
View the best growth stocks for 2023 here
.

When is MongoDB's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) announced its quarterly earnings data on Thursday, June, 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analysts' expectations of $347.77 million. MongoDB had a negative net margin of 16.21% and a negative trailing twelve-month return on equity of 29.69%. The firm's revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.15) earnings per share.

What guidance has MongoDB issued on next quarter's earnings?

MongoDB issued an update on its third quarter 2024 earnings guidance on Friday, September, 1st. The company provided earnings per share guidance of $0.47-$0.50 for the period, compared to the consensus EPS estimate of $0.27. The company issued revenue guidance of $400.00 million-$404.00 million, compared to the consensus revenue estimate of $389.12 million.

What is Dev Ittycheria's approval rating as MongoDB's CEO?

346 employees have rated MongoDB Chief Executive Officer Dev Ittycheria on Glassdoor.com. Dev Ittycheria has an approval rating of 97% among the company's employees. This puts Dev Ittycheria in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MongoDB own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MongoDB investors own include NVIDIA (NVDA), Trade Desk (TTD), Okta (OKTA), Shopify (SHOP), Twilio (TWLO), Salesforce (CRM), Block (SQ), PayPal (PYPL), Alibaba Group (BABA) and Netflix (NFLX).

When did MongoDB IPO?

(MDB) raised $152 million in an IPO on Thursday, October 19th 2017. The company issued 8,000,000 shares at a price of $18.00-$20.00 per share. Morgan Stanley, Goldman Sachs, Barclays and Allen & Company served as the underwriters for the IPO and Stifel and Canaccord Genuity JMP Securities were co-managers.

What is MongoDB's stock symbol?

MongoDB trades on the NASDAQ under the ticker symbol "MDB."

Who are MongoDB's major shareholders?

MongoDB's stock is owned by a variety of retail and institutional investors. Top institutional investors include Capital World Investors (2.93%), Jennison Associates LLC (2.82%), Franklin Resources Inc. (2.40%), Capital Research Global Investors (1.56%), Geode Capital Management LLC (1.42%) and 1832 Asset Management L.P. (1.15%). Insiders that own company stock include Archana Agrawal, Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, Etienne Montagut, Hope F Cochran, John Dennis Mcmahon, Mark Porter, Michael Lawrence Gordon, Ronald N Tutor and Thomas Bull.
View institutional ownership trends
.

How do I buy shares of MongoDB?

Shares of MDB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MongoDB's stock price today?

One share of MDB stock can currently be purchased for approximately $333.62.

How much money does MongoDB make?

MongoDB (NASDAQ:MDB) has a market capitalization of $23.80 billion and generates $1.28 billion in revenue each year. The company earns $-345,400,000.00 in net income (profit) each year or ($3.46) on an earnings per share basis.

How many employees does MongoDB have?

The company employs 4,619 workers across the globe.

How can I contact MongoDB?

MongoDB's mailing address is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. The official website for the company is www.mongodb.com. The company can be reached via phone at (646) 727-4092 or via email at ir@mongodb.com.

This page (NASDAQ:MDB) was last updated on 9/22/2023 by MarketBeat.com Staff

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