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MDB

MongoDB, Inc.

https://www.mongodb.com

Industry

Software - Infrastructure

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.

Open

292.08

Mkt cap

21B

Volume

869K

High

292.68

P/E Ratio

-95.72

52-wk high

509.62

Low

284.18

Div yield

N/A

52-wk low

212.74

MongoDB shares are trading lower after the company issued weak Q2 and FY25 guidance.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:13 pm

MongoDB has issued its financial guidance for Q2 and FY25, with EPS and revenue estimates falling short of analyst expectations. For Q2, EPS is projected at $0.46-$0.49 vs. $0.58 estimated, and revenue at $460M-$464M vs. $470.43M estimated. For FY25, EPS is projected at $2.15-$2.30 vs. $2.50 estimated, and revenue at $1.88B-$1.90B vs. $1.93B estimated.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:12 pm

MongoDB shares are trading lower following Q1 earnings.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:11 pm

MongoDB (NASDAQ:MDB) reported Q1 earnings per share (EPS) of $0.51, beating the analyst estimate of $0.40. Sales were $450.56 million, surpassing the $439.64 million estimate. Despite a year-over-year EPS decrease, sales increased by 22.34%.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 8:10 pm

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

Whales have shown a bullish stance on MongoDB (NASDAQ:MDB) with significant options activity. 33% of trades were bullish and 29% bearish. The price range targeted by these trades is $190.0 to $400.0. Currently, MDB is trading at $315.52, down by 5.53%. Analysts have set an average price target of $467.5.

Portfolio Pulse from Benzinga Insights

May 30, 2024 | 5:46 pm

Shares of software stocks are trading lower, possibly following weak guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:40 pm

U.S. stocks are expected to remain weak due to elevated bond yields and mixed earnings. Key economic data, including inflation, jobs, and GDP reports, are on traders' radar. Major ETFs like SPY and QQQ are down in premarket trading. Several companies, including Agilent Technologies and Salesforce, are experiencing significant stock movements due to earnings reports.

Portfolio Pulse from Shanthi Rexaline

May 30, 2024 | 11:47 am

Shares of software stocks are trading lower following weak guidance from Salesforce.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:04 pm

In the last three months, 27 analysts have published ratings on MongoDB (NASDAQ:MDB), with a mix of bullish and bearish perspectives. The average 12-month price target is $446.7, down 4.58% from the previous $468.16. Analysts have adjusted their ratings and price targets in response to market conditions and company performance.

Portfolio Pulse from Benzinga Insights

May 17, 2024 | 1:00 pm

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