Free Trial

MongoDB (MDB) Stock Price, News & Analysis

$246.18
-10.36 (-4.04%)
(As of 01:16 PM ET)
Today's Range
$246.00
$255.12
50-Day Range
$218.18
$376.49
52-Week Range
$214.74
$509.62
Volume
428,756 shs
Average Volume
1.53 million shs
Market Capitalization
$18.06 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$355.74

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
39.4% Upside
$355.74 Price Target
Short Interest
Bearish
6.95% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.12mentions of MongoDB in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$9.54 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.67) to ($2.32) 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.

4.28 out of 5 stars

Computer And Technology Sector

137th out of 590 stocks

Prepackaged Software Industry

44th out of 195 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

Biden’s parting shot at AI could create the perfect buying opportunity
Last week, we saw the largest single drop in semiconductor stock prices since the COVID crisis. All dropped nearly 10% or more.
Tablet with MongoDB Atlas Database logo.
MongoDB Stock: Analysts Recommend Buying the Dip
Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company's guidance is for growth but tepid, anemic growth compared to the whisper expectations.
Tablet with MongoDB Atlas Database logo.
MongoDB Stock: Analysts Recommend Buying the Dip
MongoDB's stock price correction is a timely buying opportunity that analysts and institutions take advantage of; sustained growth is in this stock's forecast.
Biden’s parting shot at AI could create the perfect buying opportunity
Last week, we saw the largest single drop in semiconductor stock prices since the COVID crisis. All dropped nearly 10% or more.
MDB Jul 2024 325.000 call
MDB Jul 2024 150.000 put
See More Headlines
Receive MDB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MongoDB and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
5/30/2024
Today
7/24/2024
Next Earnings (Estimated)
8/29/2024
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
$355.74
High Stock Price Target
$484.00
Low Stock Price Target
$250.00
Potential Upside/Downside
+38.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
26 Analysts

Profitability

Net Income
$-176,600,000.00
Pretax Margin
-10.75%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Book Value
$14.70 per share

Miscellaneous

Free Float
70,710,000
Market Cap
$18.82 billion
Optionable
Optionable
Beta
1.13

Social Links

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Should I Buy MongoDB Stock? MDB Pros and Cons Explained

Pros

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

  • Strong Insider Confidence: Recent insider transactions indicate confidence in the company's future prospects, with key executives holding significant shares even after selling some.
  • Positive Institutional Interest: Institutional investors have been increasing their stakes in MongoDB, signaling confidence in the company's growth potential.
  • Market Cap Growth: MongoDB's market capitalization of $16.00 billion reflects the company's position in the market and potential for further expansion.
  • Stable Price-to-Earnings Ratio: With a price-to-earnings ratio of -77.64, MongoDB's valuation may be attractive to investors looking for growth opportunities.
  • Global Database Platform: MongoDB's provision of a general-purpose database platform worldwide offers exposure to a broad market segment and potential for international growth.

Cons

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

  • Volatility Risk: The beta of 1.13 indicates that MongoDB's stock may be subject to higher volatility compared to the market average, potentially leading to fluctuations in share prices.
  • Recent Insider Sales: While insiders have shown confidence, the recent selling of company shares by directors may raise concerns about short-term performance or internal outlook.
  • Negative Price-to-Earnings Ratio: MongoDB's negative price-to-earnings ratio of -77.64 may deter some investors looking for companies with positive earnings relative to stock price.
  • Competitive Landscape: MongoDB operates in a competitive industry, facing challenges from established players and emerging technologies that could impact its market position.
  • Ownership Concentration: With corporate insiders owning 3.60% of the company's stock, there may be concerns about concentrated control and its implications on decision-making.
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 Monday, July 1, 2024. Please send any questions or comments about these MongoDB pros and cons to contact@marketbeat.com.

MDB Stock Analysis - Frequently Asked Questions

How have MDB shares performed this year?

MongoDB's stock was trading at $408.85 at the start of the year. Since then, MDB stock has decreased by 37.6% and is now trading at $255.12.
View the best growth stocks for 2024 here
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) released its earnings results on Thursday, May, 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). The business had revenue of $450.56 million for the quarter, compared to analysts' expectations of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative trailing twelve-month return on equity of 14.88%.

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.

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?

Top institutional shareholders of MongoDB include Swedbank AB (0.90%), Sumitomo Mitsui Trust Holdings Inc. (0.24%), LA Financiere DE L Echiquier (0.11%) and Westwind Capital (0.07%). Insiders that own company stock include Dwight A Merriman, Dev Ittycheria, Michael Lawrence Gordon, Cedric Pech, Mark Porter, John Dennis Mcmahon, Thomas Bull, Hope F Cochran, Archana Agrawal and Charles M Hazard Jr.
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.

What other stocks do shareholders of MongoDB own?

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

This page (NASDAQ:MDB) was last updated on 7/24/2024 by MarketBeat.com Staff

From Our Partners