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.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MDB shares. Citigroup upped their price target on MongoDB from $405.00 to $425.00 in a research note on Thursday, June 2nd. Stifel Nicolaus cut their target price on MongoDB from $425.00 to $340.00 in a report on Thursday, June 2nd. Redburn Partners started coverage on shares of MongoDB in a research report on Wednesday, June 29th. They issued a "sell" rating and a $190.00 price target for the company. Credit Suisse Group lowered their price objective on shares of MongoDB from $650.00 to $500.00 and set an "outperform" rating on the stock in a report on Thursday, June 2nd. Finally, Oppenheimer reduced their price objective on shares of MongoDB from $490.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average target price of $401.17.

MongoDB Stock Performance

MDB traded up $22.13 during trading on Wednesday, hitting $380.31. 1,046,164 shares of the company traded hands, compared to its average volume of 1,499,447. MongoDB has a one year low of $213.39 and a one year high of $590.00. The stock's fifty day moving average is $290.43 and its 200 day moving average is $335.88. 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 market cap of $25.90 billion, a P/E ratio of -78.56 and a beta of 0.96.

MongoDB (NASDAQ:MDB - Get Rating) last released its earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating analysts' consensus estimates of ($1.34) by $0.19. The firm had revenue of $285.45 million during the quarter, compared to the consensus estimate of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company's revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.98) EPS. As a group, equities analysts predict that MongoDB will post -5.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Mark Porter sold 1,520 shares of the business's stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $325.00, for a total value of $494,000.00. Following the sale, the chief technology officer now directly owns 29,121 shares in the company, valued at approximately $9,464,325. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,090 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $312.06, for a total transaction of $4,396,925.40. Following the sale, the director now owns 1,322,954 shares in the company, valued at $412,841,025.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mark Porter sold 1,520 shares of the firm'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 transaction, the chief technology officer now directly owns 29,121 shares of the company's stock, valued at $9,464,325. The disclosure for this sale can be found here. Insiders sold 43,795 shares of company stock valued at $12,357,981 over the last ninety days. 5.70% of the stock is currently owned by insiders.