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 Stock Performance

Shares of MDB opened at $379.10 on Monday. The firm has a market cap of $25.82 billion, a P/E ratio of -78.33 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. MongoDB has a twelve month low of $213.39 and a twelve month high of $590.00. The firm's 50 day moving average price is $296.97 and its two-hundred day moving average price is $335.95.

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 return on equity of 45.56% and a negative net margin of 32.75%. The company's revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.98) EPS. On average, analysts forecast that MongoDB will post -5.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on MDB shares. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a report on Tuesday, May 24th. Royal Bank of Canada lifted their target price on shares of MongoDB from $325.00 to $375.00 in a research note on Thursday, June 9th. Stifel Nicolaus cut their price objective on MongoDB from $425.00 to $340.00 in a report on Thursday, June 2nd. Oppenheimer cut their price target on shares of MongoDB from $490.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, June 2nd. Finally, Citigroup lifted their price target on shares of MongoDB from $405.00 to $425.00 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 issued a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $401.17.

Insider Activity

In other news, Director Dwight A. Merriman sold 14,090 shares of the firm's stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $312.06, for a total value of $4,396,925.40. Following the completion of the transaction, the director now directly owns 1,322,954 shares in the company, valued at $412,841,025.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 14,090 shares of the company's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $312.06, for a total value of $4,396,925.40. Following the completion of the transaction, the director now directly owns 1,322,954 shares in the company, valued at approximately $412,841,025.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction dated Wednesday, June 1st. The stock was 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 in the company, valued at approximately $137,172,119.04. The disclosure for this sale can be found here. Insiders sold a total of 43,795 shares of company stock worth $12,357,981 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.