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 Price Performance

NASDAQ:MDB traded down $5.53 during trading hours on Tuesday, hitting $358.18. The company's stock had a trading volume of 715,124 shares, compared to its average volume of 1,502,417. The stock has a fifty day simple moving average of $290.43 and a 200-day simple moving average of $335.88. The company has a market capitalization of $24.40 billion, a P/E ratio of -74.00 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. MongoDB has a twelve month low of $213.39 and a twelve month high of $590.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MDB. Needham & Company LLC upped their price target on MongoDB from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, June 10th. Oppenheimer reduced their price target on MongoDB from $490.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, June 2nd. Canaccord Genuity Group cut their price objective on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. Barclays increased their price objective on MongoDB from $330.00 to $338.00 and gave the company an "overweight" rating in a report on Thursday, June 2nd. Finally, Robert W. Baird began coverage on MongoDB in a report on Tuesday, July 12th. They issued an "outperform" rating and a $360.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $401.17.

Insider Activity

In related news, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the transaction, the executive now directly owns 45,785 shares of the company's stock, valued at $12,108,301.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Mark Porter sold 1,520 shares of MongoDB stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $325.00, for a total value of $494,000.00. Following the transaction, the chief technology officer now directly owns 29,121 shares of the company's stock, valued at $9,464,325. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the transaction, the executive now directly owns 45,785 shares in the company, valued at $12,108,301.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,795 shares of company stock valued at $12,357,981. 5.70% of the stock is currently owned by corporate insiders.