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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

286.00

Mkt cap

21B

Volume

1.8M

High

289.85

P/E Ratio

-92.33

52-wk high

509.62

Low

272.94

Div yield

N/A

52-wk low

212.74

Recent options market activity indicates a bearish sentiment towards MongoDB (NASDAQ:MDB), with a significant portion of trades being puts. The options trading suggests a target price range of $270.0 to $500.0 for MongoDB. Current trading volume and price show a positive trend, with the stock up by 2.98% at $374.0. Analysts have a mixed outlook, with an average price target of $450.0, though some have downgraded their ratings. MongoDB's database services continue to attract a large user base, indicating a strong market position.

Portfolio Pulse from Benzinga Insights

May 03, 2024 | 6:17 pm

Needham analyst Mike Cikos reiterated a Buy rating on MongoDB (NASDAQ:MDB) and maintained a $465 price target, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 11:48 am

MongoDB has announced new capabilities for MongoDB Atlas, including Stream Processing for real-time data, Search Nodes on Azure for AI workloads with faster query times, and Atlas Edge Server for distributed applications. These enhancements aim to streamline the development of modern applications, with notable customers like Acoustic, Bosch Digital, Eni, Forbes, and Meltwater.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:16 am

MongoDB and Google Cloud have partnered to enhance Gemini Code Assist, aiming to provide developers with better access to MongoDB code, documentation, and best practices. This collaboration is designed to speed up the prototyping of new features and accelerate application development.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:09 am

Software stocks, including ADBE, ASAN, BBAI, CRWD, MDB, MSFT, NET, PLTR, SNOW, SOUN, TWLO, are trading higher after Fed Chair Powell indicated that a rate hike is unlikely in the next policy move, leading to a drop in yields.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:22 pm

Financial analysis reveals a bearish sentiment in MongoDB's (NASDAQ:MDB) options activity, with 62% of trades showing bearish tendencies. Significant options trades indicate a targeted price range of $320.0 to $430.0. MongoDB's current stock price is up by 1.77% at $371.64, with an anticipated earnings release in 29 days. Analysts have given mixed reviews, with an average price target of $446.25. The analysis of options suggests that investors are preparing for potential price movements within the specified range.

Portfolio Pulse from Benzinga Insights

May 01, 2024 | 3:16 pm

MongoDB has introduced the MongoDB AI Applications Program, aimed at assisting enterprises in developing modern applications with advanced generative AI capabilities. The program provides a strategic roadmap, industry expertise, and technology for rapid ideation to deployment of generative AI applications at scale. Launch partners include notable companies such as Anthropic, Anyscale, AWS, Cohere, Credal.ai, Fireworks.ai, Google Cloud, gravity9, LangChain, LlamaIndex, Microsoft Azure, Nomic, PeerIslands, Pureinsights, and Together AI.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:16 pm

Over the past 5 years, MongoDB (NASDAQ:MDB) has achieved an average annual return of 21.87%, outperforming the market by 10.35% annually. A $1000 investment in MDB 5 years ago would now be worth $2,728.77, showcasing the impact of compounded returns on investment growth. MongoDB's current market capitalization stands at $26.72 billion.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 7:30 pm

MongoDB's (NYSE:MDB) short interest has increased by 15.19% since the last report, with 3.76 million shares sold short, representing 5.99% of its float. It would take about 3.73 days to cover all short positions. This rise in short interest can indicate a bearish market sentiment towards MongoDB, although it has less short interest compared to its peer group average of 6.44%.

Portfolio Pulse from Benzinga Insights

April 29, 2024 | 8:45 pm

MongoDB shares are trading lower despite a recent gain last week, which was attributed to Microsoft reporting strong growth in its Azure cloud services.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:12 pm

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