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Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.74
Which Semiconductor Stocks Are Ready For Big Price Moves?
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
US to hold trade talks with Taiwan, island drills military
Lowe’s Stands Out Amid Q2 Retail Reports 
Russia Ignites West's Battle for Energy Independence (Ad)
Wind energy boom and golden eagles collide in the US West
Egypt's central bank governor resigns as economic woes mount
Miners Advance On Earnings Despite Broader Economic Challenges
Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.74
Which Semiconductor Stocks Are Ready For Big Price Moves?
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
US to hold trade talks with Taiwan, island drills military
Lowe’s Stands Out Amid Q2 Retail Reports 
Russia Ignites West's Battle for Energy Independence (Ad)
Wind energy boom and golden eagles collide in the US West
Egypt's central bank governor resigns as economic woes mount
Miners Advance On Earnings Despite Broader Economic Challenges
Russia Ignites West's Battle for Energy Independence (Ad)
S&P 500   4,274.04
DOW   33,980.32
QQQ   328.74
Which Semiconductor Stocks Are Ready For Big Price Moves?
Is This "Military Tech Crisis" About To Spark A $15B Boom For Investors? (Ad)
Agilent Technologies Proves Its Worth VS Illumina 
US to hold trade talks with Taiwan, island drills military
Lowe’s Stands Out Amid Q2 Retail Reports 
Russia Ignites West's Battle for Energy Independence (Ad)
Wind energy boom and golden eagles collide in the US West
Egypt's central bank governor resigns as economic woes mount
Miners Advance On Earnings Despite Broader Economic Challenges
Russia Ignites West's Battle for Energy Independence (Ad)
NASDAQ:MDB

MongoDB - MDB Stock Forecast, Price & News

$361.68
-12.74 (-3.40%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$359.18
$368.00
50-Day Range
$235.01
$380.31
52-Week Range
$213.39
$590.00
Volume
915,972 shs
Average Volume
1.18 million shs
Market Capitalization
$24.63 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$397.71

MongoDB MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
11.9% Upside
$404.76 Price Target
Short Interest
Healthy
5.54% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.52mentions of MongoDB in the last 14 days
Based on 9 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.

2.30 out of 5 stars

Computer And Technology Sector

472nd out of 667 stocks

Prepackaged Software Industry

163rd out of 233 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.

MongoDB Trading Down 3.4 %

MDB Stock traded down $12.74 during trading on Wednesday, hitting $361.68. The company had a trading volume of 914,635 shares, compared to its average volume of 1,480,236. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The firm has a 50-day moving average price of $301.82 and a 200-day moving average price of $336.41. MongoDB has a 12 month low of $213.39 and a 12 month high of $590.00. The stock has a market cap of $24.64 billion, a price-to-earnings ratio of -74.73 and a beta of 0.96.

MongoDB (NASDAQ:MDB - Get Rating) last posted 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 firm had revenue of $285.45 million during the quarter, compared to analysts' expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. MongoDB's revenue was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.98) EPS. As a group, analysts predict that MongoDB will post -5.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Oppenheimer decreased their target price on MongoDB from $490.00 to $400.00 and set an "outperform" rating on the stock in a research report on Thursday, June 2nd. Needham & Company LLC lifted their target price on MongoDB from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, June 10th. Stifel Nicolaus decreased their target price on MongoDB from $425.00 to $340.00 in a research report on Thursday, June 2nd. Mizuho lifted their target price on MongoDB from $270.00 to $390.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on MongoDB from $325.00 to $375.00 in a report on Thursday, June 9th. One equities research analyst has rated the stock with a sell rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.39.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 629 shares of the business's stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $292.64, for a total transaction of $184,070.56. Following the completion of the transaction, the director now directly owns 1,322,755 shares of the company's stock, valued at approximately $387,091,023.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,795 shares of company stock worth $12,357,981. Insiders own 5.70% of the company's stock.

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MDB Stock News Headlines

What Are Whales Doing With MongoDB - Benzinga
Why MongoDB Stock Gained 20% In July
MongoDB Whale Trades For August 03 - Benzinga
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
8/18/2022
Next Earnings (Confirmed)
8/31/2022
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
$404.76
High Stock Price Forecast
$630.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+10.0%
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
$24.63 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 analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating and 16 buy ratings for the stock. The consensus among Wall Street 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 Wall Street 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 anticipate the company's stock price to reach $404.76 in the next twelve months. This suggests a possible upside of 11.9% 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 on January 1st, 2022. Since then, MDB shares have decreased by 31.7% and is now trading at $361.68.
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 Wednesday, August 31st 2022.
View our MDB earnings forecast
.

How can I listen to MongoDB's earnings call?

MongoDB will be holding an earnings conference call on Wednesday, August 31st 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) posted its earnings results on Wednesday, June, 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.34) by $0.19. The company had revenue of $285.45 million for the quarter, compared to analysts' expectations of $267.10 million. MongoDB had a negative trailing twelve-month return on equity of 45.56% and a negative net margin of 32.75%. The business's quarterly revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.98) EPS.

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 guidance of -$0.31--$0.16 for the period, compared to the consensus earnings per share 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 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 served 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 a number of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (12.12%), Franklin Resources Inc. (1.98%), State Street Corp (1.95%), Citadel Advisors LLC (0.00%), TD Asset Management Inc. (0.98%) and Allspring Global Investments Holdings LLC (0.79%). 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 $361.68.

How much money does MongoDB make?

MongoDB (NASDAQ:MDB) has a market capitalization of $24.63 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 8/18/2022 by MarketBeat.com Staff

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