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.

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.