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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's (NYSE:MDB) short percent of float has risen 3.85% since its last report, with 3.91 million shares sold short, which is 6.47% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 6.08%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 2:45 pm

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $250.0 to $440.0 for MongoDB over the last 3 months. The price of MDB is currently up 1.27% at $431.44. Several experts have downgraded their ratings on MongoDB, with price targets ranging from $396 to $430.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 3:16 pm

MongoDB, Inc. (NASDAQ:MDB) announced an expansion of its multiyear strategic partnership with Microsoft (NASDAQ:MSFT) by integrating the Atlas application into Azure. This collaboration aims to enhance the customer experience of MongoDB Atlas running on Azure. Following the announcement, MongoDB's shares rose by 3.92%.

Portfolio Pulse from Ryan Gustafson

July 18, 2023 | 7:58 pm

MongoDB has announced an expansion of its multiyear strategic partnership with Microsoft by integrating the Atlas application into Azure. This has led to a rise in MongoDB's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 6:19 pm

MongoDB Inc (MDB) has entered into a multiyear strategic partnership with Microsoft Corp (MSFT) to integrate MongoDB Atlas into Microsoft Azure. The partnership aims to accelerate workload migrations to MongoDB Atlas on Azure and enhance customer experience. MongoDB also announced a new initiative to assist government agencies and public sector organizations in accelerating their pace of innovation. MDB shares are trading higher by 5.16% at $430.27.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 4:15 pm

MongoDB has expanded its global collaboration with Microsoft. Developers who access the Azure portal will now be able to discover and use MongoDB Atlas. This strategic partnership is aimed at accelerating workload migrations to MongoDB Atlas on Microsoft Azure.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 1:02 pm

A significant investor has taken a bullish stance on MongoDB (NASDAQ:MDB), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $390.0 to $560.0 for MongoDB over the last 3 months. The current price of MDB is up 0.24% at $408.18. Barclays, Truist Securities, and Morgan Stanley have maintained their positive ratings on MongoDB, while Capital One and Piper Sandler have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:33 pm

Technology, semiconductor, and software stocks are trading higher due to overall market strength following softer-than-expected June inflation data.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:32 pm

MongoDB (NASDAQ:MDB) has outperformed the market over the past 5 years by 37.33% on an annualized basis, producing an average annual return of 47.11%. If an investor had bought $1000 of MDB stock 5 years ago, it would be worth $7,015.35 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 2:30 pm

The article reports on significant options activity in the Information Technology sector. The companies mentioned include Microsoft (MSFT), Nvidia (NVDA), Riot Blockchain (RIOT), Apple (AAPL), Taiwan Semiconductor Manufacturing (TSM), IonQ (IONQ), Canaan (CAN), Ebix (EBIX), MongoDB (MDB), and Salesforce (CRM). The options activity ranges from bullish to neutral to bearish, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 07, 2023 | 5:40 pm

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