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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

JMP Securities analyst Patrick Walravens maintains MongoDB (NASDAQ:MDB) with an Outperform rating and raises the price target from $400 to $425.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:27 am

Over the past 3 months, 29 analysts have published their opinion on MongoDB (NASDAQ:MDB) stock. The average price target for MongoDB has increased by 38.3% from the previous average price target of $282.12 to $390.17. The ratings are derived from company conference calls, financial statements, and conversations with insiders.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 12:00 pm

Insiders at ON Semiconductor, MongoDB, Winnebago Industries, and Darden Restaurants have recently sold shares. ON Semiconductor's CEO sold 20,000 shares, MongoDB's Director sold 1,000 shares, Winnebago's President sold 300,000 shares, and Darden Restaurants' Director sold 33,000 shares. These sales could indicate concerns about the companies' prospects or that the insiders view the stocks as overpriced.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 11:58 am

Keybanc analyst Michael Turits maintains an Overweight rating on MongoDB (NASDAQ:MDB) and raises the price target from $372 to $462.

Portfolio Pulse from richadhand@benzinga.com

July 21, 2023 | 8:43 am

Tech stocks are trading lower due to weak quarterly reports from Netflix and Tesla. This has affected the overall tech sector.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:37 pm

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

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