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 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.