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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
Critical asset just had biggest fall on record (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
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Critical asset just had biggest fall on record (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NASDAQ:MDB

MongoDB (MDB) Stock Price, News & Analysis

$439.00
+2.16 (+0.49%)
(As of 03/4/2024 ET)
Today's Range
$427.29
$443.09
50-Day Range
$362.41
$500.90
52-Week Range
$189.59
$509.62
Volume
1.01 million shs
Average Volume
1.27 million shs
Market Capitalization
$31.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$435.68

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
0.6% Downside
$436.46 Price Target
Short Interest
Healthy
4.59% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.55mentions of MongoDB in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$23.12 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.63) to ($1.80) 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.

3.54 out of 5 stars

Computer And Technology Sector

233rd out of 601 stocks

Prepackaged Software Industry

68th out of 202 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

3 Stocks Showing Constructive Pullbacks with Indexes at New Highs
One of the most exciting things for an investor or trader is to look at tier account statement, or at the charts of what they own, and see a stock like Nvidia Corp. NASDAQ: NVDA or even the broader SPDR S&P 500 ETF Trust NYSEARCA: SPY or Invesco QQQ NASDAQ: QQQ rallying to new highs.
3 Stocks Showing Constructive Pullbacks with Indexes at New Highs (MDB)
As the market becomes extended on AI exuberance, leading stocks like MongoDB, Eli Lilly and Adobe are pulling back, potentially offering new buy opportunities.
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What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
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Informatica reported strong Q4 2023 earnings and raised full-year 2024 guidance, citing generative AI as a secular growth driver
Salesforce and MongoDB: 2 must-own tech stocks (MDB)
By using MarketBeat's research tools, we can zero in on two tech stocks that are worth getting excited about; let's jump in and take a closer look
MDB Mar 2024 360.000 call
MDB Mar 2024 332.500 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Beyond The Numbers: 12 Analysts Discuss MongoDB Stock
MDB Mar 2024 280.000 call
MDB Mar 2024 367.500 put
MDB Mar 2024 490.000 put
MDB Mar 2024 710.000 call
MDB Apr 2024 710.000 call
MDB Aug 2024 690.000 put
MDB Mar 2024 380.000 put
MDB Mar 2024 610.000 call
MDB May 2024 730.000 call
MDB Apr 2024 750.000 call
MDB Factor-Based Stock Analysis
MDB Apr 2024 415.000 put
MongoDB (MDB) Scheduled to Post Quarterly Earnings on Thursday
See More Headlines
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Company Calendar

Last Earnings
12/05/2023
Today
3/04/2024
Next Earnings (Confirmed)
3/07/2024
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
4,619
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$436.46
High Stock Price Target
$543.00
Low Stock Price Target
$230.00
Potential Upside/Downside
-0.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
25 Analysts

Profitability

Net Income
$-345,400,000.00
Pretax Margin
-10.90%

Debt

Sales & Book Value

Annual Sales
$1.28 billion
Book Value
$10.58 per share

Miscellaneous

Free Float
68,713,000
Market Cap
$31.72 billion
Optionable
Optionable
Beta
1.24

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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 Saturday, March 2, 2024 at 5:24 PM.

Pros

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

  • MongoDB offers 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 provides MongoDB Enterprise Advanced, a commercial database server suitable for enterprise customers looking to operate in various environments, including cloud and hybrid setups.
  • Professional services like consulting and training offered by MongoDB can enhance the adoption and utilization of their database solutions among businesses.
  • With institutional investors and hedge funds owning a significant portion of the company's stock, it indicates a level of confidence in MongoDB's potential for growth and stability.
  • Recent positive developments in the company's financial performance and market positioning may lead to increased investor interest and potential stock price appreciation.

Cons

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

  • Market volatility and competition in the database software industry could pose challenges to MongoDB's growth and profitability.
  • Fluctuations in technology trends and shifts in customer preferences may impact the demand for MongoDB's database solutions, affecting the company's revenue streams.
  • Investors should carefully consider the current stock price of MongoDB, Inc. and evaluate whether it aligns with the company's financial performance and growth prospects.
  • Uncertainties in global economic conditions and regulatory changes could introduce risks to MongoDB's operations and financial stability.
  • Investors need to monitor industry developments and technological advancements closely to assess MongoDB's ability to innovate and stay competitive in the market.














MDB Stock Analysis - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 20 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?

25 brokerages have issued 12 month price objectives for MongoDB's shares. Their MDB share price targets range from $230.00 to $543.00. On average, they predict the company's share price to reach $436.46 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
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 start of the year. Since then, MDB stock has increased by 7.4% and is now trading at $439.00.
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, March 7th 2024.
View our MDB earnings forecast
.

How can I listen to MongoDB's earnings call?

MongoDB will be holding an earnings conference call on Thursday, March 7th 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) issued its quarterly earnings data on Thursday, June, 1st. The company reported $0.56 earnings per share 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 analyst estimates of $347.77 million. MongoDB had a negative net margin of 11.70% and a negative trailing twelve-month return on equity of 20.64%. The company's revenue for the quarter was up 29.0% on a year-over-year basis. During the same period last year, the firm earned ($1.15) EPS.

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

MongoDB updated its fourth quarter 2024 earnings guidance on Monday, December, 11th. The company provided EPS guidance of 0.440-0.460 for the period, compared to the consensus estimate of 0.370. The company issued revenue guidance of $429.0 million-$433.0 million, compared to the consensus revenue estimate of $413.9 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 initial public offering 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.48%), Jennison Associates LLC (5.34%), Price T Rowe Associates Inc. MD (4.39%), Capital World Investors (2.81%), Citadel Advisors LLC (0.00%) and Norges Bank (1.11%). 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 3/5/2024 by MarketBeat.com Staff