MongoDB - MDB Stock Forecast, Price & News

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

MongoDB Stock Performance

MDB Stock traded down $16.85 during mid-day trading on Friday, reaching $336.68. 11,422 shares of the stock traded hands, compared to its average volume of 1,144,012. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. MongoDB has a 52 week low of $213.39 and a 52 week high of $590.00. The business has a 50-day moving average of $303.08 and a two-hundred day moving average of $336.05.

MongoDB (NASDAQ:MDB - Get Rating) last released its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million during the quarter, compared to analysts' expectations of $267.10 million. During the same period in the prior year, the company earned ($0.98) earnings per share. The business's quarterly revenue was up 57.1% compared to the same quarter last year. On average, research analysts predict that MongoDB will post -5.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays boosted their target price on shares of MongoDB from $338.00 to $438.00 and gave the company an "overweight" rating in a research note on Tuesday. Citigroup upped their price target on shares of MongoDB from $405.00 to $425.00 in a research note on Thursday, June 2nd. Mizuho upped their price target on shares of MongoDB from $270.00 to $390.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus dropped their price target on shares of MongoDB from $425.00 to $340.00 in a research note on Thursday, June 2nd. Finally, Robert W. Baird began coverage on shares of MongoDB in a research note on Tuesday, July 12th. They issued an "outperform" rating and a $360.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $413.39.

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Thomas Bull sold 489 shares of the company's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total transaction of $129,316.05. Following the completion of the sale, the insider now directly owns 17,104 shares in the company, valued at $4,523,152.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Mark Porter sold 1,520 shares of the company's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $325.00, for a total transaction of $494,000.00. Following the completion of the transaction, the chief technology officer now owns 29,121 shares of the company's stock, valued at $9,464,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Bull sold 489 shares of the company's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total transaction of $129,316.05. Following the transaction, the insider now directly owns 17,104 shares of the company's stock, valued at approximately $4,523,152.80. The disclosure for this sale can be found here. Insiders sold 43,795 shares of company stock worth $12,357,981 over the last ninety days. Company insiders own 5.70% of the company's stock.