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 up $15.96 during trading on Friday, reaching $356.84. 1,342,162 shares of the company's stock were exchanged, compared to its average volume of 1,363,363. 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 1-year low of $213.39 and a 1-year high of $590.00. The company's fifty day moving average price is $285.74 and its 200-day moving average price is $336.18. The firm has a market cap of $24.30 billion, a PE ratio of -73.73 and a beta of 0.96.

MongoDB (NASDAQ:MDB - Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, topping 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 company had revenue of $285.45 million during the quarter, compared to analyst estimates of $267.10 million. During the same quarter in the previous year, the firm posted ($0.98) EPS. The firm's quarterly revenue was up 57.1% on a year-over-year basis. On average, research analysts expect that MongoDB will post -5.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MDB shares. Citigroup lifted their price objective on MongoDB from $405.00 to $425.00 in a report on Thursday, June 2nd. Oppenheimer lowered their price target on MongoDB from $490.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, June 2nd. Royal Bank of Canada boosted their price target on MongoDB from $325.00 to $375.00 in a report on Thursday, June 9th. Barclays boosted their price target on MongoDB from $330.00 to $338.00 and gave the company an "overweight" rating in a report on Thursday, June 2nd. Finally, Canaccord Genuity Group lowered their price target on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $401.17.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 14,090 shares of the business's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $312.06, for a total value of $4,396,925.40. Following the sale, the director now owns 1,322,954 shares of the company's stock, valued at approximately $412,841,025.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 14,090 shares of the business's stock in a transaction on Monday, August 1st. The stock was sold at an average price of $312.06, for a total value of $4,396,925.40. Following the sale, the director now owns 1,322,954 shares of the company's stock, valued at approximately $412,841,025.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Mark Porter sold 1,520 shares of the business's stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 29,121 shares in the company, valued at approximately $9,464,325. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,795 shares of company stock valued at $12,357,981. Corporate insiders own 5.70% of the company's stock.