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MongoDB (MDB) Stock Price, News & Analysis

$229.25
+5.45 (+2.44%)
(As of 06/12/2024 ET)
Today's Range
$227.08
$235.81
50-Day Range
$223.80
$383.80
52-Week Range
$219.53
$509.62
Volume
2.06 million shs
Average Volume
1.50 million shs
Market Capitalization
$16.82 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$364.11

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
58.8% Upside
$364.11 Price Target
Short Interest
Bearish
6.18% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.58mentions of MongoDB in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$16.98 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.67) to ($2.33) 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.

4.37 out of 5 stars

Computer And Technology Sector

100th out of 587 stocks

Prepackaged Software Industry

34th out of 197 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

MarketBeat Week in Review – 6/3 - 6/7 (MDB)
Equity markets shrugged off a much hotter-than-expected jobs report, but there could be more volatility after the next readings on inflation come out next week
Bargain Alert: MongoDB Stock Upside Potential Just Exploded
If the 25% drop after their Q1 earnings didn't tell you enough, the further 6% that MongoDB Inc NASDAQ: MDB has slid should. At a time when many of the bigger tech companies out there are back trading near, if not at, all-time highs, this was not good.
Bargain Alert: MongoDB Stock Upside Potential Just Exploded (MDB)
While the poor forward guidance would usually be enough to earn several analyst downgrades, the opposite is the case with MongoDB.
GitLab’s Weak Results Were Priced In; Time to Buy the Dip? (MDB)
GitLab is well-positioned for the growth of tech, the cloud, and AI, but it's going to be a slower process than forecast, and that is weighing on the market.
AI Is Booming, But Not For These Stocks
AI is booming, but not for stocks like MongoDB NASDAQ: MDB, UiPath NYSE: PATH, and Dell Technologies NYSE: DELL, which are all thought to be well-positioned for the industry. The caveat is that AI is dominated by a few mega-cap tech companies, which are seeing the most gains.
AI Is Booming, But Not For These Stocks …Yet (MDB)
AI is booming for a few key players like NVIDIA, Microsoft, Oracle, and Micron; the big gains will come later for MongoDB, UiPath, and Dell Technologies.
Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $364.11
MongoDB (NASDAQ:MDB) Reaches New 12-Month Low on Insider Selling
3 SaaS Stocks to Buy Amid the Salesforce Drop
MongoDB (NASDAQ:MDB) Sees Unusually-High Trading Volume
Why MongoDB Plunged Over 35% in May
Citigroup Trims MongoDB (NASDAQ:MDB) Target Price to $350.00
MongoDB (NASDAQ:MDB) PT Lowered to $250.00
MongoDB (NASDAQ:MDB) Lifted to "Neutral" at Guggenheim
MongoDB (NASDAQ:MDB) Issues FY25 Earnings Guidance
See More Headlines
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Company Calendar

Last Earnings
6/01/2023
Today
6/12/2024
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
$364.11
High Stock Price Target
$500.00
Low Stock Price Target
$250.00
Potential Upside/Downside
+58.8%
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
$1.77 billion
Book Value
$17.30 per share

Miscellaneous

Free Float
70,710,000
Market Cap
$16.82 billion
Optionable
Optionable
Beta
1.13

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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.:

  • Strong Revenue Growth: MongoDB has shown consistent revenue growth quarter over quarter, indicating a healthy business trajectory.
  • Market Dominance: MongoDB is a leader in the NoSQL database market, with a strong competitive position against traditional SQL databases.
  • Product Innovation: MongoDB regularly releases updates and new features to enhance its database offerings, attracting more customers.
  • Positive Analyst Ratings: Analysts have been optimistic about MongoDB's future prospects, with many giving the stock a "buy" rating.
  • Current Stock Price: MongoDB's current stock price is showing an upward trend, reflecting positive investor sentiment.

Cons

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

  • Volatility: MongoDB's stock has shown higher volatility compared to some other tech stocks, which may pose risks for investors.
  • Competition: The database market is highly competitive, with other major players constantly innovating and challenging MongoDB's market share.
  • Profitability Concerns: MongoDB has yet to consistently demonstrate strong profitability, which could be a concern for value investors.
  • Dependency on Tech Sector: MongoDB's performance is closely tied to the overall tech sector, making it susceptible to sector-wide fluctuations.
  • Regulatory Risks: Any changes in data privacy regulations or cybersecurity laws could impact MongoDB's operations and financial performance.
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, June 8, 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?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 1 sell rating, 5 hold ratings, 19 buy ratings and 1 strong buy rating 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?

26 brokerages have issued 12-month target prices for MongoDB's shares. Their MDB share price targets range from $250.00 to $500.00. On average, they anticipate the company's stock price to reach $364.11 in the next year. This suggests a possible upside of 58.8% 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 on January 1st, 2024. Since then, MDB shares have decreased by 43.9% and is now trading at $229.25.
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, August 29th 2024.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) released its quarterly earnings results on Thursday, June, 1st. The company reported $0.56 earnings per share for the quarter, beating 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 11.50% and a negative trailing twelve-month return on equity of 14.88%. MongoDB's quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the company earned ($1.15) EPS.

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

MongoDB issued an update on its second quarter 2025 earnings guidance on Thursday, May, 30th. The company provided earnings per share (EPS) guidance of 0.460-0.490 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of $460.0 million-$464.0 million, compared to the consensus revenue estimate of $470.4 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?

MongoDB (MDB) raised $152 million in an initial public offering (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.

Who are MongoDB's major shareholders?

MongoDB's stock is owned by many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.49%), Jennison Associates LLC (6.05%), Price T Rowe Associates Inc. MD (4.30%), Capital World Investors (2.18%), Capital Research Global Investors (1.04%) and Champlain Investment Partners LLC (0.76%). Insiders that own company stock include Archana Agrawal, Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, Hope F Cochran, John Dennis Mcmahon, Mark Porter, Michael Lawrence Gordon 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 6/12/2024 by MarketBeat.com Staff

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