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

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

Nvidia Corp reported strong Q2 results, which sent the stock to record territory. Wedbush analyst Daniel Ives sees these results as a strong indicator of AI demand. He predicts a tech rally that will continue for the rest of the year, driven by the 'AI Gold Rush'. He named Nvidia, Microsoft, Alphabet, Apple, Oracle, Palantir Technologies, MongoDB, Snowflake, Salesforce, Advanced Micro Devices, and C3.ai as companies that will benefit from this trend.

Portfolio Pulse from Shanthi Rexaline

August 23, 2023 | 10:59 pm

The article reports on the recent options activity in the Information Technology sector. It highlights the trades of 10 companies: AAPL, NVDA, MSFT, CSCO, PANW, GLOB, AMD, NTNX, COHR, and MDB. The sentiment of the trades varies from bullish to bearish and neutral.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:35 pm

Goldman Sachs has revealed a list of 50 stocks that are expected to see substantial long-term growth due to the adoption of artificial intelligence (AI). The list includes companies from the Russell 1000 index that are expected to benefit significantly from AI integration. The bank's analysis suggests that the median stock in their basket could see a 72% increase in earnings per share (EPS) following widespread AI adoption, compared to a 19% rise for the median stock in the Russell 1000 index.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 4:02 pm

A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $360.0 to $500.0 for MongoDB over the last 3 months. Currently, the price of MDB is down -1.21% at $354.5. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, respectively.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:33 pm

MongoDB, Inc. (NASDAQ:MDB) has announced the general availability of MongoDB Queryable Encryption, a technology that enables end-to-end data encryption. The technology reduces the risk of data exposure and improves developer productivity by providing built-in encryption capabilities for sensitive application workflows. The technology was developed by the MongoDB Cryptography Research Group and is open source. It can be used with AWS Key Management Service, Microsoft Azure Key Vault, Google Cloud Key Management Service, and other KMIP-compliant services.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 3:30 pm

Tiger Global's Q2 13F filing reveals that the company has exited its stake in Mastercard, Apple, Block, XP, Applied Materials, and Palo Alto Networks, MongoDB.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 7:21 pm

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a split sentiment of 50% bullish and 50% bearish. The options trades have targeted a price range from $300.0 to $400.0 for MongoDB over the last 3 months. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, with price targets of $425 and $462 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:46 pm

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 31.51% on an annualized basis, producing an average annual return of 40.99%. If an investor had bought $1000 of MDB stock 5 years ago, it would be worth $5,680.74 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 7:00 pm

A significant bearish stance has been taken on MongoDB (NASDAQ:MDB) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $310.0 to $620.0 for MongoDB over the last 3 months. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, respectively, with price targets of $425 and $462.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 4:00 pm

A whale investor has taken a bullish stance on MongoDB (NASDAQ:MDB), with 58% of investors opening trades with bullish expectations and 41% with bearish. The whale has been targeting a price range from $350.0 to $460.0 for MongoDB over the last 3 months. The price of MDB is up 4.5% at $420.91. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, with price targets of $425 and $462 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:35 pm

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