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Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
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Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Why Invest in High-Yield Dividend Stocks?
3 Stable Growth Stocks for Bumpy Times
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Why Invest in High-Yield Dividend Stocks?
3 Stable Growth Stocks for Bumpy Times
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Closing prices for crude oil, gold and other commodities
Big climate bill; Spending green bucks to boost green energy
Trading Millionaire Reveals, “2008 Was My Most Profitable Year” (Ad)
NASDAQ:MDB

MongoDB - MDB Stock Forecast, Price & News

$368.76
-11.55 (-3.04%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$367.68
$390.84
50-Day Range
$235.01
$380.31
52-Week Range
$213.39
$590.00
Volume
844,681 shs
Average Volume
1.50 million shs
Market Capitalization
$25.12 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$391.82

MongoDB MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
6.3% Upside
$391.82 Price Target
Short Interest
Healthy
5.53% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.48mentions of MongoDB in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$12.36 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($5.08) to ($5.10) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.99 out of 5 stars

Computer And Technology Sector

492nd out of 658 stocks

Prepackaged Software Industry

174th out of 229 stocks

MDB stock logo

About MongoDB (NASDAQ:MDB) Stock

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.

Wall Street Analysts Forecast Growth

MDB has been the subject of several research analyst reports. Morgan Stanley lowered their price target on shares of MongoDB from $378.00 to $368.00 and set an "overweight" rating for the company in a report on Thursday, June 2nd. William Blair reiterated an "outperform" rating on shares of MongoDB in a report on Tuesday, May 24th. Barclays upped their price target on shares of MongoDB from $330.00 to $338.00 and gave the stock an "overweight" rating in a report on Thursday, June 2nd. Canaccord Genuity Group decreased their price objective on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. Finally, Mizuho decreased their price objective on MongoDB from $325.00 to $270.00 and set a "neutral" rating for the company in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $401.17.

MongoDB Stock Down 3.0 %

Shares of MDB Stock traded down $11.55 on Thursday, reaching $368.76. 844,680 shares of the company were exchanged, compared to its average volume of 1,495,168. The company has a market cap of $25.12 billion, a price-to-earnings ratio of -77.30 and a beta of 0.96. The company has a 50-day moving average of $293.20 and a 200-day moving average of $336.19. 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 one year low of $213.39 and a one year high of $590.00.

MongoDB (NASDAQ:MDB - Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $285.45 million for the quarter, compared to analysts' expectations of $267.10 million. During the same quarter last year, the firm earned ($0.98) EPS. The firm's revenue for the quarter was up 57.1% compared to the same quarter last year. Analysts anticipate that MongoDB will post -5.08 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the transaction, the director now owns 544,896 shares of the company's stock, valued at approximately $137,172,119.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 4,991 shares of the stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total value of $1,319,869.95. Following the completion of the sale, the chief executive officer now owns 199,753 shares in the company, valued at approximately $52,824,680.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total transaction of $755,220.00. Following the completion of the sale, the director now owns 544,896 shares of the company's stock, valued at approximately $137,172,119.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,795 shares of company stock valued at $12,357,981. 5.70% of the stock is owned by corporate insiders.

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MDB Stock News Headlines

Why MongoDB Stock Gained 20% In July
MongoDB Whale Trades For August 03 - Benzinga
MongoDB (NASDAQ:MDB) Trading Up 6.6%
Where MongoDB Stands With Analysts - Benzinga
MongoDB Is Poised for a Rally - RealMoney - RealMoney
3 Reasons to Invest in MongoDB - Nasdaq
See More Headlines
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MDB Company Calendar

Last Earnings
6/01/2022
Today
8/12/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MDB
Fax
N/A
Employees
3,544
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$391.82
High Stock Price Forecast
$630.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+6.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$-306,870,000.00
Pretax Margin
-32.09%

Debt

Sales & Book Value

Annual Sales
$873.78 million
Book Value
$9.89 per share

Miscellaneous

Free Float
64,232,000
Market Cap
$25.12 billion
Optionable
Optionable
Beta
0.96

Social Links















MDB Stock - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating, 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDB shares.
View MDB analyst ratings
or view top-rated stocks.

What is MongoDB's stock price forecast for 2022?

17 equities research analysts have issued 12-month price targets for MongoDB's stock. Their MDB share price forecasts range from $190.00 to $630.00. On average, they expect the company's share price to reach $391.82 in the next year. This suggests a possible upside of 6.3% 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 2022?

MongoDB's stock was trading at $529.35 at the start of the year. Since then, MDB shares have decreased by 30.3% and is now trading at $368.76.
View the best growth stocks for 2022 here
.

When is MongoDB's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) released its quarterly earnings data on Wednesday, June, 1st. The company reported ($1.15) earnings per share for the quarter, topping the consensus estimate of ($1.34) by $0.19. The business earned $285.45 million during the quarter, compared to analyst estimates of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative trailing twelve-month return on equity of 45.56%. MongoDB's quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.98) earnings per share.

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

MongoDB updated its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share (EPS) guidance of -$0.31--$0.16 for the period, compared to the consensus estimate of -$0.37. The company issued revenue guidance of $1.17 billion-$1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

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 (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 acted as the underwriters for the IPO and Stifel and Canaccord Genuity JMP Securities were co-managers.

What is MongoDB's stock symbol?

MongoDB trades on the NASDAQ under the ticker symbol "MDB."

Who are MongoDB's major shareholders?

MongoDB's stock is owned by many different retail and institutional investors. Top institutional investors include Franklin Resources Inc. (1.98%), TD Asset Management Inc. (0.98%), Allspring Global Investments Holdings LLC (0.79%), Swiss National Bank (0.43%), Walleye Trading LLC (0.00%) and Sumitomo Mitsui Trust Holdings Inc. (0.29%). Insiders that own company stock include Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, Eliot Horowitz, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is MongoDB's stock price today?

One share of MDB stock can currently be purchased for approximately $368.76.

How much money does MongoDB make?

MongoDB (NASDAQ:MDB) has a market capitalization of $25.12 billion and generates $873.78 million in revenue each year. The company earns $-306,870,000.00 in net income (profit) each year or ($4.84) on an earnings per share basis.

How many employees does MongoDB have?

The company employs 3,544 workers across the globe.

When was MongoDB founded?

MongoDB was founded in 2007.

How can I contact MongoDB?

MongoDB's mailing address is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. The official website for the company is www.mongodb.com. The company can be reached via phone at (646) 727-4092 or via email at ir@mongodb.com.

This page (NASDAQ:MDB) was last updated on 8/12/2022 by MarketBeat.com Staff

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