S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: Asian shares meander after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:MDB

MongoDB (MDB) Stock Price, News & Analysis

$358.80
+4.68 (+1.32%)
(As of 03/27/2024 ET)
Today's Range
$352.64
$359.06
50-Day Range
$353.55
$500.90
52-Week Range
$198.72
$509.62
Volume
752,321 shs
Average Volume
1.43 million shs
Market Capitalization
$25.90 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$449.67

MongoDB MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
25.3% Upside
$449.67 Price Target
Short Interest
Healthy
4.52% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.59
Upright™ Environmental Score
News Sentiment
0.74mentions of MongoDB in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$23.12 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.53) to ($2.11) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.68 out of 5 stars

Computer And Technology Sector

53rd out of 588 stocks

Prepackaged Software Industry

13th out of 192 stocks

MDB stock logo

About MongoDB Stock (NASDAQ:MDB)

MongoDB, Inc. is a leading American software company transforming how organizations manage and utilize data. With its flagship product, MongoDB, a NoSQL database platform, the company has become a pioneer in the industry by offering flexible and scalable solutions for storing and analyzing data. MongoDB's mission is to empower organizations to unleash the power of their data and enable them to build innovative applications that drive business success.

Headquartered in New York City, MongoDB Inc. operates globally, serving customers across various industries, including technology, finance, healthcare, and retail. The company provides various products and services catering to different customer needs. MongoDB Atlas, a hosted multi-cloud database-as-a-service solution, offers a hassle-free and scalable approach to managing databases in the cloud. MongoDB Enterprise Advanced provides a commercial database server for enterprise customers to run on-premises, in the cloud, or hybrid environments. Additionally, MongoDB offers Community Server, a free-to-download version that allows developers to get started with MongoDB's powerful features.

The company has garnered a strong customer base, including renowned organizations such as Adobe, Barclays, eBay, and Verizon. MongoDB's innovative solutions have gained recognition and accolades, positioning the company as a leader in the database management space.

MongoDB, Inc. is led by a dynamic and experienced management team that drives the company's growth and success. The team is headed by Chief Operation Officer Dev Ittycheria, who has been instrumental in shaping MongoDB's strategic direction since his appointment in 2014. Dev brings a wealth of industry knowledge and leadership experience to the company. Working alongside Dev is Co-Founder and Director Dwight A. Merriman, whose visionary contributions have been invaluable to MongoDB's development. 

MongoDB, Inc. has demonstrated robust financial performance, underscoring its strong market position and customer demand for its products and services. The company's revenue has been increasing yearly. Despite facing some challenges, MongoDB managed to maintain a positive growth trajectory.

Although the net income showed a negative figure, it is important to note that MongoDB has been making significant investments in research and development, marketing, and expanding its global presence. These investments are expected to contribute to the company's long-term growth and profitability.

MongoDB, Inc. has a solid balance sheet with total assets that will cover all company liabilities. The company has a healthy cash and short-term investment balance, ensuring it has the resources to fund its growth initiatives.

MongoDB, Inc.'s stock performance has been noteworthy, attracting the attention of investors and driving significant market interest. The stock has recently experienced notable price movements and trading volume fluctuations, reflecting the market's recognition of MongoDB's potential.

Investor sentiment has been largely positive, fueled by the company's impressive revenue growth and expanding customer base. MongoDB's innovative database platform has positioned it as a disruptor in the industry, attracting attention from technology enthusiasts and traditional enterprises seeking modern solutions for their data management needs.

MongoDB, Inc. operates in the prepackaged software industry within the broader computer and technology sector. The company's focus on developing a NoSQL database platform sets it apart from traditional relational database systems, offering enhanced flexibility and scalability for modern application development.

The industry has shifted towards cloud-based solutions, driven by the increasing adoption of Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) models. As organizations generate vast amounts of data, the demand for efficient and scalable data management solutions has surged. MongoDB's innovative approach aligns with these market trends, positioning the company for continued growth.

While competition exists in the database management space, MongoDB differentiates itself through its comprehensive suite of offerings, developer-friendly tools, and robust community support. The company's ability to adapt to evolving customer needs and its commitment to open-source principles have solidified its competitive advantage.

MongoDB, Inc. possesses several avenues for future growth and expansion. As the demand for cloud-based solutions continues to rise, the company's MongoDB Atlas offers a compelling solution for organizations looking to leverage the power of the cloud while minimizing infrastructure complexities.

MongoDB's focus on data analytics and machine learning presents another significant growth opportunity. The ability to extract actionable insights from data has become crucial for organizations seeking a competitive edge. MongoDB's platform enables advanced analytics and real-time decision-making, positioning the company to capitalize on the growing demand for data-driven intelligence.

Additionally, MongoDB, Inc. has the potential for strategic acquisitions to enhance its product portfolio and expand its market reach. By identifying complementary technologies or companies that align with its vision, MongoDB can accelerate its growth trajectory and capture new market segments.

While MongoDB, Inc. operates in a promising industry, it faces risks and challenges that could impact its future performance. The competitive landscape continually evolves, with established players and emerging startups vying for market share. MongoDB must remain agile and innovate to stay ahead of the competition.

The company's heavy reliance on open-source software presents both opportunities and challenges. While open-source projects foster a vibrant community and drive adoption, monetizing open-source products can be challenging. MongoDB's ability to balance its open-source and commercial offerings will be crucial for its long-term success.

Moreover, regulatory changes and data privacy concerns pose risks for MongoDB and its customers. As governments implement stricter data protection regulations, compliance requirements may impact the company's operations and customer adoption.

MDB Stock Price History

MDB Stock News Headlines

5 Undervalued AI Stocks and Why to Buy Them
Value is where you find it, and there is value among AI stocks. This is a look at five AI stocks with value for investors in one form or another.
5 Undervalued AI Stocks and Why to Buy Them (MDB)
This is a look at five undervalued AI stocks that could rise by double-digits soon and triple-digits over the next two years.
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
MongoDB Stock: A Bubble Burst in AI; Now is the Time to Buy
Results from MongoDB NASDAQ: MDB and GitLab NASDAQ: GTLB suggest a bubble is bursting in the AI market that could impact names like Oracle NYSE: ORCL, Adobe NASDAQ: ADBE, and Microsoft NASDAQ: MSFT. However, a bubble bursting does not mean the end of AI; it is only a reset of expectations.
3 Stocks Showing Constructive Pullbacks with Indexes at New Highs
One of the most exciting things for an investor or trader is to look at tier account statement, or at the charts of what they own, and see a stock like Nvidia Corp. NASDAQ: NVDA or even the broader SPDR S&P 500 ETF Trust NYSEARCA: SPY or Invesco QQQ NASDAQ: QQQ rallying to new highs.
3 Stocks Showing Constructive Pullbacks with Indexes at New Highs (MDB)
As the market becomes extended on AI exuberance, leading stocks like MongoDB, Eli Lilly and Adobe are pulling back, potentially offering new buy opportunities.
MongoDB Unusual Options Activity For March 26
Top Project Outperforms BTC in 2023…
According to a recently published report… One DeFi protocol boasted gains over 100% during one of the biggest crashes the crypto market has ever seen. And now, this crypto coin is set to soar in the parabolic bull run projected in 2024.
MongoDB (NASDAQ:MDB) Earns "Sell" Rating from Redburn Atlantic
MongoDB Full Year 2024 Earnings: Beats Expectations
Decoding MongoDB Inc (MDB): A Strategic SWOT Insight
MDB Mar 2024 690.000 call
MDB Mar 2024 412.500 call
See More Headlines
Receive MDB Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for MongoDB and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
6/01/2023
Today
3/28/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MDB
Fax
N/A
Employees
5,037
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$449.67
High Stock Price Target
$550.00
Low Stock Price Target
$272.00
Potential Upside/Downside
+25.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
24 Analysts

Profitability

Net Income
$-176,600,000.00
Pretax Margin
-9.72%

Debt

Sales & Book Value

Annual Sales
$1.68 billion
Book Value
$14.81 per share

Miscellaneous

Free Float
68,713,000
Market Cap
$25.90 billion
Optionable
Optionable
Beta
1.24

Social Links

The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

Should I Buy MongoDB Stock? MDB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of MongoDB was last updated on Tuesday, March 26, 2024 at 10:50 PM.

Pros

Here are some ways that investors could benefit from investing in MongoDB, Inc.:

  • Strong institutional investor interest with recent purchases by Transcendent Capital Group LLC, KB Financial Partners LLC, and others, indicating confidence in the company's future growth potential.
  • Continuous product innovation with offerings like MongoDB Atlas, a multi-cloud database-as-a-service solution, and MongoDB Enterprise Advanced, catering to diverse customer needs and expanding market reach.
  • Positive price performance with MDB stock trading at $360.15, showing resilience and potential for capital appreciation in the current market conditions.
  • Robust financial position with a healthy current ratio of 4.40 and quick ratio of 4.74, indicating strong liquidity and ability to meet short-term obligations.
  • Global presence and market leadership in the database platform sector, providing stability and growth opportunities in various regions.

Cons

Investors should be bearish about investing in MongoDB, Inc. for these reasons:

  • High price-to-earnings ratio of -145.22, suggesting that the stock may be overvalued compared to its earnings, potentially leading to volatility in the stock price.
  • Debt-to-equity ratio of 1.07, indicating a relatively high level of debt compared to equity, which could pose risks in case of economic downturns or interest rate fluctuations.
  • Insider selling activity, with recent disclosures of insiders selling significant amounts of company stock, raising concerns about insider sentiment and future performance expectations.
  • Market volatility and beta of 1.24, indicating higher volatility compared to the market average, which may lead to fluctuations in the stock price and increased risk for investors.
  • 52-week high of $509.62, suggesting potential resistance levels in the stock price and the need for careful consideration of entry points for investors.

MDB Stock Analysis - Frequently Asked Questions

Should I buy or sell MongoDB stock right now?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MongoDB in the last year. There are currently 2 sell ratings, 3 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MDB shares.
View MDB analyst ratings
or view top-rated stocks.

What is MongoDB's stock price target for 2024?

24 Wall Street research analysts have issued 1-year price objectives for MongoDB's stock. Their MDB share price targets range from $272.00 to $550.00. On average, they anticipate the company's stock price to reach $449.67 in the next twelve months. This suggests a possible upside of 25.3% from the stock's current price.
View analysts price targets for MDB
or view top-rated stocks among Wall Street analysts.

How have MDB shares performed in 2024?

MongoDB's stock was trading at $408.85 at the beginning of the year. Since then, MDB stock has decreased by 12.2% and is now trading at $358.80.
View the best growth stocks for 2024 here
.

When is MongoDB's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our MDB earnings forecast
.

How were MongoDB's earnings last quarter?

MongoDB, Inc. (NASDAQ:MDB) announced its quarterly earnings results on Thursday, June, 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analysts' expectations of $347.77 million. MongoDB had a negative trailing twelve-month return on equity of 16.22% and a negative net margin of 10.49%. The business's revenue was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.15) earnings per share.

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

MongoDB issued an update on its FY 2025 earnings guidance on Thursday, March, 7th. The company provided earnings per share (EPS) guidance of 2.270-2.490 for the period, compared to the consensus EPS estimate of 3.340. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $2.0 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?

MongoDB (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 served as the underwriters for the IPO and Stifel and Canaccord Genuity JMP Securities were co-managers.

Who are MongoDB's major shareholders?

MongoDB's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.48%), Vanguard Group Inc. (9.48%), Jennison Associates LLC (5.34%), Price T Rowe Associates Inc. MD (4.39%), Capital World Investors (2.81%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Archana Agrawal, Cedric Pech, Charles M Hazard Jr, Charles M Hazard, Jr, Dev Ittycheria, Dwight A Merriman, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MDB) was last updated on 3/28/2024 by MarketBeat.com Staff

From Our Partners