MongoDB Stock Forecast, Price & News

MongoDB's stock was trading at $123.85 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MDB stock has increased by 93.9% and is now trading at $240.10.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 1 sell rating, 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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MongoDB is scheduled to release its next quarterly earnings announcement on Monday, December 14th 2020.
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MongoDB, Inc. (NASDAQ:MDB) posted its quarterly earnings results on Wednesday, September, 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.40) by $0.18. The business had revenue of $138.30 million for the quarter, compared to analyst estimates of $126.83 million. MongoDB had a negative return on equity of 156.29% and a negative net margin of 44.55%. The business's revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.26) EPS.
View MongoDB's earnings history.

MongoDB issued an update on its FY21 earnings guidance on Wednesday, September, 2nd. The company provided earnings per share guidance of ($1.29)-($1.21) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.26). The company issued revenue guidance of $549-$554 million, compared to the consensus revenue estimate of $529.63 million.

15 brokers have issued twelve-month price targets for MongoDB's stock. Their forecasts range from $78.00 to $331.00. On average, they anticipate MongoDB's stock price to reach $252.29 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
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Some companies that are related to MongoDB include Autodesk (ADSK), Veeva Systems (VEEV), Dassault Systèmes (DASTY), Twilio (TWLO), Docusign (DOCU), Electronic Arts (EA), Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Datadog (DDOG), CrowdStrike (CRWD), ANSYS (ANSS), Okta (OKTA), Atlassian (TEAM) and Paycom Software (PAYC).
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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.com (CRM), Square (SQ), Paypal (PYPL), Alibaba Group (BABA) and Netflix (NFLX).

(MDB) raised $152 million in an initial public offering 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.

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

MongoDB's stock is owned by many different retail and institutional investors. Top institutional investors include Spence Asset Management (0.10%), Hamilton Lane Advisors LLC (0.06%), Capstone Financial Group Inc. (0.03%), Winfield Associates Inc. (0.02%), Xponance Inc. (0.01%) and Nissay Asset Management Corp Japan ADV (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, Meagen Eisenberg, Michael Lawrence Gordon, Thomas Bull and Whale Rock Capital Management.
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MDB stock was sold by a variety of institutional investors in the last quarter, including Hamilton Lane Advisors LLC, Teamwork Financial Advisors LLC, Standard Life Aberdeen plc, Redpoint Investment Management Pty Ltd, Fulcrum Asset Management LLP, Capstone Financial Group Inc., Winfield Associates Inc., and Perennial Investment Advisors 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.
View insider buying and selling activity for MongoDB.

MDB stock was bought by a variety of institutional investors in the last quarter, including NEXT Financial Group Inc, Red Spruce Capital LLC, Carnegie Capital Asset Management LLC, World Asset Management Inc, Xponance Inc., IBM Retirement Fund, IFM Investors Pty Ltd, and Spence Asset Management.
View insider buying and selling activity for MongoDB.

Shares of MDB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MDB stock can currently be purchased for approximately $240.10.

MongoDB has a market capitalization of $14.13 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.