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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

A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) by a large investor, as indicated by a large position in the company's publicly available options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $130.0 to $520.0 for MongoDB over the last 3 months. MongoDB's current price is $370.79, down by 1.01%. Several financial institutions including Morgan Stanley, Citigroup, Argus Research, Truist Securities, and Barclays have maintained their positive ratings on MongoDB.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 7:31 pm

Software stocks are trading lower in sympathy with Oracle, which fell after issuing soft guidance. Stocks potentially affected include ADSK, MDB, NOW, PANW, SAP.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 7:44 pm

Insiders at Blackstone Inc. (BX), MongoDB, Inc. (MDB), McKesson Corporation (MCK), and QUALCOMM Incorporated (QCOM) have recently sold shares. While insider sales can indicate concern about a company's prospects or overpricing, they should not be the sole indicator for investment decisions. Blackstone recently sold Simply Self Storage to Public Storage for $2.2 billion. MongoDB reported better-than-expected Q2 results and issued FY24 guidance above estimates. McKesson posted upbeat quarterly results. Wells Fargo maintained Qualcomm with an Underweight and raised the price target from $95 to $100.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 4:44 pm

Unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range from $320.0 to $650.0 for MongoDB over the last 3 months. The current price of MDB is $376.73, down -0.21%. Analysts from Guggenheim, Barclays, RBC Capital, Truist Securities, and JMP Securities have maintained their ratings on MongoDB, with price targets ranging from $250 to $450.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:30 pm

A significant investor has taken a bearish stance on MongoDB (NASDAQ:MDB), with 54% of investors opening trades with bearish expectations. The total amount for put options is $500,300 and for call options is $205,913. Whales have been targeting a price range from $300.0 to $580.0 for MongoDB over the last 3 months. The price of MDB is down -1.23% at $377.54. Morgan Stanley, Truist Securities, Piper Sandler, and Stifel have maintained their positive ratings on MongoDB, while RBC Capital has downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 8:31 pm

Shares of MongoDB (MDB) are trading lower due to a general weakness in the tech sector.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 7:02 pm

MongoDB's (NYSE:MDB) short percent of float has risen 8.44% since its last report, with 4.27 million shares sold short, which is 7.07% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. MongoDB's peer group average for short interest as a percentage of float is 5.53%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 7:00 pm

Argus Research has maintained its Buy rating for MongoDB (NASDAQ:MDB) and increased its price target from $435.00 to $484.00. This new target price represents a 23.0% increase from the current share price. MongoDB's shares have seen a 0.16% increase over the last 24 hours.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:00 pm

Canaccord Genuity analyst David Hynes maintains a 'Buy' rating on MongoDB (NASDAQ:MDB) and raises the price target from $410 to $450.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:29 pm

Argus Research analyst Joseph Bonner maintains a 'Buy' rating on MongoDB (NASDAQ:MDB) and raises the price target from $435 to $484.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 3:16 pm

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