Streetbeat News

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

Scotiabank analyst Patrick Colville has initiated coverage on MongoDB (NASDAQ:MDB) with a Sector Perform rating and a price target of $335.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:36 pm

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 31.56% on an annualized basis, producing an average annual return of 40.94%. If an investor had bought $100 of MDB stock 5 years ago, it would be worth $570.22 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:30 pm

MongoDB's (NYSE:MDB) short percent of float has fallen 9.3% since its last report, indicating a more bullish sentiment towards the stock. The company has 3.58 million shares sold short, which is 5.85% of all regular shares available for trading. This is higher than the average short interest of its peer group, which stands at 5.41%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 1:00 pm

MongoDB (NASDAQ:MDB) has received 17 analyst ratings in the last quarter, with 16 being bullish or somewhat bullish and 1 being bearish. The average price target is $443.0, indicating an upside from the current price of $328.0. This average has increased by 7.92% from the previous average price target of $410.50.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 5:00 pm

Software stocks are trading higher as the market rebounds from a fall caused by a rise in Treasury yields following September jobs data. The yields have since pulled back from their earlier highs.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:17 pm

Shinhan Financial Group's shares are trading higher following Tigress Financial's reiteration of MongoDB with a Buy rating and an increased price target from $490 to $495.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:13 pm

Tigress Financial analyst Ivan Feinseth has reiterated a 'Buy' rating on MongoDB (NASDAQ:MDB) and raised the price target from $490 to $495.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 3:42 pm

MongoDB, Inc. (NASDAQ:MDB) has launched MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance. These initiatives aim to accelerate modern application development for healthcare and insurance organizations. They include expert-led innovation workshops, tailored technology partnerships, and industry-specific knowledge accelerators to provide customized training paths.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 10:10 am

Tech and software stocks are trading lower due to rising Treasury yields, which have negatively impacted growth stocks. The stocks mentioned include BILL, CRWD, DDOG, HUBS, MDB, MSFT, NET, NOW, ORCL, PLTR, SHOP, U, ZS.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 4:41 pm

Tech stocks are trading lower due to overall market weakness following a rise in Treasury yields after the FOMC statement. The lower-than-expected weekly initial jobless claims data could potentially encourage more rate hikes.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 4:57 pm

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