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MongoDB Stock Price, News & Analysis (NASDAQ:MDB)

$422.70
-12.53 (-2.88%)
(As of 03:34 PM ET)
Compare
Today's Range
$417.65
$440.81
50-Day Range
$325.30
$435.23
52-Week Range
$142.02
$442.84
Volume
1.96 million shs
Average Volume
1.56 million shs
Market Capitalization
$30.16 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$419.74

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.85 Rating Score
Upside/​Downside
0.7% Downside
$419.74 Price Target
Short Interest
Healthy
4.71% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.72mentions of MongoDB in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$117.22 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.

2.29 out of 5 stars

Computer And Technology Sector

215th out of 589 stocks

Prepackaged Software Industry

57th out of 201 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

Watch the buy range for Li Auto, MongoDB, Novo Nordisk (MDB)
Large-cap stocks Li Auto, MongoDB, and Novo Nordisk are in buy range as the S&P 500 rallies. Those stocks boast robust upside momentum in recent weeks
Data giants MongoDB and Snowflake just got upgraded (MDB)
Right when it was looking like all the hard-fought gains from the past year had been for naught, fresh data is suggesting inflation has been tamed.
Is This The Most Overlooked Gold Investment Strategy of 2024?
There is little debate on the potential of gold in the next year and decade. The real issue becomes - what's the best gold investment strategy today? Some investors are opting for a unique "royalty" alternative that outshines other options like holding gold bullion or investing in volatile mining stocks.
MongoDB (MDB) Reports Earnings Tomorrow. What To Expect
MongoDB (MDB) Set to Announce Quarterly Earnings on Tuesday
MongoDB, Inc. (NASDAQ:MDB) CFO Sells $3,106,797.31 in Stock
MongoDB (NASDAQ:MDB) Sets New 1-Year High at $442.84
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
MongoDB, Inc. (NASDAQ:MDB) CFO Sells $8,820,238.72 in Stock
Can MongoDB Stock Reach New All-Time Highs?
MongoDB's High Stakes: Unpacking Upcoming Fiscal Q3 2024
See More Headlines
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Company Calendar

Last Earnings
6/01/2023
Today
12/04/2023
Next Earnings (Confirmed)
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 Target
$419.74
High Stock Price Target
$500.00
Low Stock Price Target
$230.00
Potential Upside/Downside
-3.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.85
Research Coverage
27 Analysts

Profitability

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

Debt

Sales & Book Value

Annual Sales
$1.49 billion
Book Value
$10.58 per share

Miscellaneous

Free Float
67,920,000
Market Cap
$31.05 billion
Optionable
Optionable
Beta
1.19

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Should I Buy MongoDB Stock? MDB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of MongoDB was last updated on Tuesday, November 28, 2023 at 9:38 PM.

Pros

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

  • Strong growth potential: MongoDB, Inc. provides a general purpose database platform that is used worldwide. With the increasing demand for data management solutions, the company has the potential for significant growth in the future.
  • Leading cloud database-as-a-service solution: MongoDB Atlas, the company's hosted multi-cloud database-as-a-service solution, offers a convenient and scalable option for businesses to manage their data in the cloud. This can attract customers and contribute to the company's revenue.
  • Diversified product offerings: MongoDB, Inc. offers a range of products, including MongoDB Enterprise Advanced and Community Server. This diversification allows the company to cater to different customer needs and capture a larger market share.
  • Professional services: In addition to its database products, MongoDB, Inc. provides professional services such as consulting and training. This can generate additional revenue streams and enhance customer satisfaction.
  • Recent positive financial performance: MongoDB, Inc. has shown positive financial performance in recent periods. This includes revenue growth and improved profitability, which can be attractive to investors.

Cons

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

  • Competition in the database market: MongoDB, Inc. operates in a highly competitive market with established players and emerging technologies. This competition can pose challenges to the company's market share and profitability.
  • Dependency on cloud infrastructure: MongoDB, Inc.'s products, such as MongoDB Atlas, heavily rely on cloud infrastructure. Any disruptions or issues with cloud providers can impact the availability and performance of the company's services.
  • Potential security vulnerabilities: As a provider of database solutions, MongoDB, Inc. needs to ensure the security of its products and protect customer data. Any security breaches or vulnerabilities can damage the company's reputation and lead to financial losses.
  • Regulatory and compliance risks: Operating in multiple jurisdictions, MongoDB, Inc. is subject to various regulatory and compliance requirements. Changes in regulations or failure to comply with existing ones can result in legal and financial consequences.
  • Volatility in stock price: The stock price of MongoDB, Inc. can be subject to volatility due to market conditions, investor sentiment, and other factors. Investors should be prepared for potential fluctuations in the stock price.














MDB Stock Analysis - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 24 buy ratings for the stock. The consensus among Wall Street 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?

27 equities research analysts have issued 12-month price objectives for MongoDB's stock. Their MDB share price targets range from $230.00 to $500.00. On average, they anticipate the company's stock price to reach $419.74 in the next year. This suggests that the stock has a possible downside of 0.8%.
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 on January 1st, 2023. Since then, MDB shares have increased by 115.0% and is now trading at $423.18.
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 can I listen to MongoDB's earnings call?

MongoDB will be holding an earnings conference call on Tuesday, December 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were MongoDB's earnings last quarter?

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

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 $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.

Who are MongoDB's major shareholders?

MongoDB's stock is owned by a variety of retail and institutional investors. Top institutional investors include Jennison Associates LLC (5.23%), Citigroup Inc. (0.00%), Allspring Global Investments Holdings LLC (0.79%), Northern Trust Corp (0.63%), Legal & General Group Plc (0.53%) and TD Asset Management Inc (0.38%). 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.

This page (NASDAQ:MDB) was last updated on 12/4/2023 by MarketBeat.com Staff

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