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NASDAQ:MDB

MongoDB - MDB Stock Forecast, Price & News

$358.18
-5.53 (-1.52%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$354.46
$365.00
50-Day Range
$235.01
$363.71
52-Week Range
$213.39
$590.00
Volume
715,124 shs
Average Volume
1.50 million shs
Market Capitalization
$24.40 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$391.82

MongoDB MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
9.4% Upside
$391.82 Price Target
Short Interest
Healthy
5.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.23mentions of MongoDB in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$12.36 M Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($5.08) to ($5.10) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.02 out of 5 stars

Computer And Technology Sector

437th out of 644 stocks

Prepackaged Software Industry

152nd out of 224 stocks

MDB stock logo

About MongoDB (NASDAQ:MDB) Stock

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 Price Performance

NASDAQ:MDB traded down $5.53 during trading hours on Tuesday, hitting $358.18. The company's stock had a trading volume of 715,124 shares, compared to its average volume of 1,502,417. The stock has a fifty day simple moving average of $290.43 and a 200-day simple moving average of $335.88. The company has a market capitalization of $24.40 billion, a P/E ratio of -74.00 and a beta of 0.96. 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 twelve month low of $213.39 and a twelve month high of $590.00.

MongoDB (NASDAQ:MDB - Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating analysts' consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The firm had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same period last year, the firm posted ($0.98) earnings per share. The business's revenue for the quarter was up 57.1% on a year-over-year basis. On average, analysts anticipate that MongoDB will post -5.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MDB. Needham & Company LLC upped their price target on MongoDB from $310.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, June 10th. Oppenheimer reduced their price target on MongoDB from $490.00 to $400.00 and set an "outperform" rating for the company in a research report on Thursday, June 2nd. Canaccord Genuity Group cut their price objective on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. Barclays increased their price objective on MongoDB from $330.00 to $338.00 and gave the company an "overweight" rating in a report on Thursday, June 2nd. Finally, Robert W. Baird began coverage on MongoDB in a report on Tuesday, July 12th. They issued an "outperform" rating and a $360.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $401.17.

Insider Activity

In related news, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the transaction, the executive now directly owns 45,785 shares of the company's stock, valued at $12,108,301.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CTO Mark Porter sold 1,520 shares of MongoDB stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 29,121 shares of the company's stock, valued at $9,464,325. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 350 shares of MongoDB stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the transaction, the executive now directly owns 45,785 shares in the company, valued at $12,108,301.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,795 shares of company stock valued at $12,357,981. 5.70% of the stock is currently owned by corporate insiders.

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MDB Stock News Headlines

Why MongoDB Stock Gained 20% In July
MongoDB Whale Trades For August 03 - Benzinga
MongoDB (NASDAQ:MDB) Trading Up 6.6%
Where MongoDB Stands With Analysts - Benzinga
MongoDB Is Poised for a Rally - RealMoney - RealMoney
3 Reasons to Invest in MongoDB - Nasdaq
MongoDB Stock Forecast: Where Will It Be By 2025?
See More Headlines
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MDB Company Calendar

Last Earnings
6/01/2022
Today
8/09/2022
Next Earnings (Estimated)
9/01/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MDB
Fax
N/A
Employees
3,544
Year Founded
2007

Price Target and Rating

Average Stock Price Forecast
$391.82
High Stock Price Forecast
$630.00
Low Stock Price Forecast
$190.00
Forecasted Upside/Downside
+9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$-306,870,000.00
Pretax Margin
-32.09%

Debt

Sales & Book Value

Annual Sales
$873.78 million
Book Value
$9.89 per share

Miscellaneous

Free Float
64,232,000
Market Cap
$24.40 billion
Optionable
Optionable
Beta
0.96

Social Links















MDB Stock - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last twelve months. There are currently 1 sell rating, 1 hold rating and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MDB shares.
View MDB analyst ratings
or view top-rated stocks.

What is MongoDB's stock price forecast for 2022?

17 equities research analysts have issued 12 month price objectives for MongoDB's shares. Their MDB share price forecasts range from $190.00 to $630.00. On average, they expect the company's share price to reach $391.82 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts price targets for MDB
or view top-rated stocks among Wall Street analysts.

How has MongoDB's stock performed in 2022?

MongoDB's stock was trading at $529.35 at the beginning of the year. Since then, MDB stock has decreased by 32.6% and is now trading at $356.79.
View the best growth stocks for 2022 here
.

When is MongoDB's next earnings date?

MongoDB is scheduled to release its next quarterly earnings announcement on Thursday, September 1st 2022.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) issued 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 for the quarter, compared to the consensus estimate of $267.10 million. MongoDB had a negative trailing twelve-month return on equity of 45.56% and a negative net margin of 32.75%. MongoDB's revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.98) earnings per share.

What guidance has MongoDB issued on next quarter's earnings?

MongoDB issued an update on its FY 2023 earnings guidance on Wednesday, June, 29th. The company provided earnings per share guidance of -$0.31--$0.16 for the period, compared to the consensus estimate of -$0.37. The company issued revenue guidance of $1.17 billion-$1.19 billion, compared to the consensus revenue estimate of $1.18 billion.

What is Dev Ittycheria's approval rating as MongoDB's CEO?

346 employees have rated MongoDB Chief Executive Officer Dev Ittycheria on Glassdoor.com. Dev Ittycheria has an approval rating of 97% among the company's employees. This puts Dev Ittycheria in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of MongoDB own?

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 (CRM), Block (SQ), PayPal (PYPL), Alibaba Group (BABA) and Netflix (NFLX).

When did MongoDB IPO?

(MDB) raised $152 million in an initial public offering (IPO) 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 acted as the underwriters for the IPO and Stifel and Canaccord Genuity JMP Securities were co-managers.

What is MongoDB's stock symbol?

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

Who are MongoDB's major shareholders?

MongoDB's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (0.98%), Allspring Global Investments Holdings LLC (0.79%), Swiss National Bank (0.43%), Walleye Trading LLC (0.00%), Sumitomo Mitsui Trust Holdings Inc. (0.29%) and Frontier Capital Management Co. LLC (0.23%). Insiders that own company stock include Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, Eliot Horowitz, Etienne Montagut, Hope F Cochran, John Dennis Mcmahon, Mark Porter, Michael Lawrence Gordon, Ronald N Tutor and Thomas Bull.
View institutional ownership trends
.

How do I buy shares of MongoDB?

Shares of MDB stock 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.
Compare Top Brokerages Here.

What is MongoDB's stock price today?

One share of MDB stock can currently be purchased for approximately $356.79.

How much money does MongoDB make?

MongoDB (NASDAQ:MDB) has a market capitalization of $24.30 billion and generates $873.78 million in revenue each year. The company earns $-306,870,000.00 in net income (profit) each year or ($4.84) on an earnings per share basis.

How many employees does MongoDB have?

MongoDB employs 3,544 workers across the globe.

When was MongoDB founded?

MongoDB was founded in 2007.

How can I contact MongoDB?

MongoDB's mailing address is 1633 BROADWAY 38TH FLOOR, NEW YORK NY, 10019. The official website for the company is www.mongodb.com. The company can be reached via phone at (646) 727-4092 or via email at ir@mongodb.com.

This page (NASDAQ:MDB) was last updated on 8/9/2022 by MarketBeat.com Staff

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