MongoDB Stock Forecast, Price & News

MongoDB's stock was trading at $123.85 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MDB shares have increased by 210.1% and is now trading at $384.12.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MongoDB stock.
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346 employees have rated MongoDB CEO Dev Ittycheria on Glassdoor.com. Dev Ittycheria has an approval rating of 97% among MongoDB's employees. This puts Dev Ittycheria in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

MongoDB is scheduled to release its next quarterly earnings announcement on Tuesday, March 16th 2021.
View our earnings forecast for MongoDB.

MongoDB, Inc. (NASDAQ:MDB) announced its quarterly earnings data on Monday, December, 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.44) by $0.13. The business had revenue of $150.77 million for the quarter, compared to the consensus estimate of $138.65 million. MongoDB had a negative trailing twelve-month return on equity of 343.82% and a negative net margin of 46.73%. MongoDB's revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.26) earnings per share.
View MongoDB's earnings history.

MongoDB updated its fourth quarter earnings guidance on Tuesday, December, 8th. The company provided earnings per share (EPS) guidance of $(0.42)-(0.39) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.43). The company issued revenue guidance of $155-157 million, compared to the consensus revenue estimate of $146.06 million.

13 brokerages have issued 1-year target prices for MongoDB's stock. Their forecasts range from $150.00 to $465.00. On average, they expect MongoDB's stock price to reach $349.50 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
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Some companies that are related to MongoDB include Snowflake (SNOW), Activision Blizzard (ATVI), Autodesk (ADSK), Twilio (TWLO), Palantir Technologies (PLTR), VMware (VMW), Dassault Systèmes (DASTY), CrowdStrike (CRWD), DocuSign (DOCU), Veeva Systems (VEEV), Electronic Arts (EA), Unity Software (U), Synopsys (SNPS), Cadence Design Systems (CDNS) and Okta (OKTA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other MongoDB investors own include NVIDIA (NVDA), The Trade Desk (TTD), Okta (OKTA), Shopify (SHOP), Twilio (TWLO), salesforce.com (CRM), Square (SQ), PayPal (PYPL), Alibaba Group (BABA) and Netflix (NFLX).

(MDB) raised $152 million in an IPO on Thursday, October 19th 2017. The company issued 8,000,000 shares at $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.

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

MongoDB's stock is owned by many different institutional and retail investors. Top institutional shareholders include Frontier Capital Management Co. LLC (0.51%), Spence Asset Management (0.09%), Columbus Circle Investors (0.08%), Hamilton Lane Advisors LLC (0.03%), Xcel Wealth Management LLC (0.02%) and Caliber Wealth Management LLC (0.01%). Company insiders that own MongoDB stock include Cedric Pech, Charles M Hazard Jr, Dev Ittycheria, Dwight A Merriman, Eliot Horowitz, Hope F Cochran, John Dennis Mcmahon, Kevin P Ryan, Mark Porter, Michael Lawrence Gordon and Thomas Bull.
View institutional ownership trends for MongoDB.

MDB stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Hamilton Lane Advisors LLC, Spence Asset Management, Coastal Investment Advisors Inc., Centaurus Financial Inc., Xcel Wealth Management LLC, TRUE Private Wealth Advisors, and Red Spruce Capital LLC. Company insiders that have sold MongoDB company stock in the last year include Cedric Pech, Charles M Hazard Jr, Dev Ittycheria, Dwight A Merriman, Eliot Horowitz, Hope F Cochran, John Dennis Mcmahon, Mark Porter, Michael Lawrence Gordon, and Thomas Bull.
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MDB stock was purchased by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Caliber Wealth Management LLC, Nwam LLC, Symphony Financial Ltd. Co., Aevitas Wealth Management Inc., Exchange Traded Concepts LLC, David J Yvars Group, and IFM Investors Pty Ltd.
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Shares of MDB 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.

One share of MDB stock can currently be purchased for approximately $384.12.

MongoDB has a market capitalization of $23.15 billion and generates $421.72 million in revenue each year. The company earns $-175,520,000.00 in net income (profit) each year or ($2.36) on an earnings per share basis. MongoDB employs 1,813 workers across the globe.

The official website for MongoDB is www.mongodb.com.

MongoDB's mailing address is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. The company can be reached via phone at 646-727-4092 or via email at [email protected]