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NASDAQ:MDB

MongoDB (MDB) Stock Price, News & Analysis

$332.50
-3.05 (-0.91%)
(As of 10:21 AM ET)
Today's Range
$331.76
$338.22
50-Day Range
$335.55
$500.90
52-Week Range
$212.52
$509.62
Volume
163,790 shs
Average Volume
1.36 million shs
Market Capitalization
$24.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$444.93

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
32.6% Upside
$444.93 Price Target
Short Interest
Bearish
5.16% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.68mentions of MongoDB in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$36.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.53) to ($2.11) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Computer And Technology Sector

113th out of 581 stocks

Prepackaged Software Industry

31st out of 200 stocks

MDB stock logo

About MongoDB Stock (NASDAQ:MDB)

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 Stock Price History

MDB Stock News Headlines

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MongoDB, Inc. (MDB)
New crypto project uncovers 2,050% in 65 days
During the event on Tuesday, April 23 at 10 am ET, I’ll be giving away the name and ticker symbol of crypto that could surge in price. I believe it will be the best performing crypto of 2024.
MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)
MDB Apr 2024 355.000 put
MongoDB: Ongoing Demand Headwinds
See More Headlines
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Company Calendar

Last Earnings
3/07/2024
Today
4/19/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MDB
Fax
N/A
Employees
5,037
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$444.93
High Stock Price Target
$550.00
Low Stock Price Target
$272.00
Potential Upside/Downside
+32.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
24 Analysts

Profitability

Net Income
$-176,600,000.00
Pretax Margin
-9.72%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Book Value
$14.70 per share

Miscellaneous

Free Float
69,335,000
Market Cap
$24.44 billion
Optionable
Optionable
Beta
1.19

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Should I Buy MongoDB Stock? MDB Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in MongoDB, Inc.:

  • MongoDB provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution, catering to the growing demand for cloud-based services in the tech industry.
  • The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers, indicating a strong presence in the corporate market.
  • Professional services like consulting and training are available, enhancing customer support and potentially increasing revenue streams.
  • Recent positive market ratings and reviews for MongoDB stock (NASDAQ: MDB) suggest investor confidence and potential growth opportunities.
  • Continuous innovation and updates in MongoDB's products and services keep them competitive in the dynamic tech sector.

Cons

Investors should be bearish about investing in MongoDB, Inc. for these reasons:

  • Fluctuations in the stock market can impact MongoDB's stock price, potentially leading to short-term volatility and risk for investors.
  • Competition in the database industry is intense, with established players and new entrants posing challenges to MongoDB's market share.
  • Market uncertainties and economic conditions can influence tech stock performance, affecting MongoDB's financial results and investor returns.
  • Dependency on cloud services and technology advancements may expose MongoDB to cybersecurity threats and data breaches, impacting its reputation and financial stability.
  • Regulatory changes or compliance issues in the tech sector could lead to additional costs for MongoDB, affecting profitability and investor confidence.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these MongoDB pros and cons to contact@marketbeat.com.

MDB Stock Analysis - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

24 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 19 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 target for 2024?

24 equities research analysts have issued 12 month price targets for MongoDB's shares. Their MDB share price targets range from $272.00 to $550.00. On average, they anticipate the company's stock price to reach $444.93 in the next year. This suggests a possible upside of 32.6% 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 2024?

MongoDB's stock was trading at $408.85 at the beginning of the year. Since then, MDB shares have decreased by 17.9% and is now trading at $335.55.
View the best growth stocks for 2024 here
.

When is MongoDB's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) announced its quarterly earnings data on Thursday, March, 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by $0.32. The company had revenue of $458 million for the quarter, compared to analysts' expectations of $431.99 million. MongoDB had a negative trailing twelve-month return on equity of 16.22% and a negative net margin of 10.49%.

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

MongoDB updated its FY 2025 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of 2.270-2.490 for the period, compared to the consensus earnings per share estimate of 3.340. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $2.0 billion.

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?

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

Who are MongoDB's major shareholders?

MongoDB's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.67%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Rheos Capital Works Inc. (0.09%), Vaughan Nelson Investment Management L.P. (0.08%), Wealth Enhancement Advisory Services LLC (0.04%) and Azzad Asset Management Inc. ADV (0.01%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MDB) was last updated on 4/19/2024 by MarketBeat.com Staff

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