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

A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB). Of the 17 unusual trades detected, 64% were bearish and 35% bullish. The total amount for puts was $1,009,197 and for calls, $527,225. Whales have been targeting a price range from $270.0 to $520.0 for MongoDB over the last 3 months. The current price of MDB is down -2.47% at $399.45. Several financial institutions have recently updated their ratings and price targets for MongoDB.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:47 pm

Shares of tech sector companies are trading lower due to concerns over potential further Fed rate hikes, which could negatively impact growth stocks.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 3:09 pm

MongoDB's (NYSE:MDB) short percent of float has risen 5.06% since its last report, with 3.76 million shares sold short, which is 6.23% of all regular shares available for trading. This does not necessarily mean the stock will fall, but indicates more shares are being shorted. Compared to its peers, MongoDB has less short interest, with the average being 6.41%.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 1:15 pm

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 55% bullish and 45% bearish. The price of MDB is up 2.75% at $414.07. Several financial institutions have maintained their positive ratings on MongoDB, with price targets ranging from $365 to $430.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 4:01 pm

MongoDB, Inc. (NASDAQ:MDB) shares traded higher after Tigress Financial raised its price target significantly and several analysts maintained positive ratings. Tigress Financial analyst Ivan Feinseth maintained a Buy rating and raised the price target from $365 to $490. Other analysts from Capital One, Barclays, Piper Sandler, Needham, Wedbush, RBC Capital, Morgan Stanley, and Truist Securities also issued positive ratings and price targets for MongoDB.

Portfolio Pulse from Ryan Gustafson

June 28, 2023 | 8:58 pm

Tigress Financial analyst Ivan Feinseth maintains a 'Buy' rating on MongoDB (NASDAQ:MDB) and raises the price target from $365 to $490.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:16 pm

Despite a general drop in U.S. stocks, several companies recorded gains. Minerva Neurosciences climbed 46.2% after announcing a $20 million private placement. Joby Aviation rose 26.4% following a permit for flight testing of its first production prototype. Xponential Fitness, Archer Aviation, Opendoor Technologies, Viad Corp, Beazer Homes USA, Carvana, Overstock.com, Viking Therapeutics, Energy Vault Holdings, Snowflake, Global Blue Group Holding, Squarespace, and Pinterest also saw increases. Notably, Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform was approved by a U.S. bankruptcy judge.

Portfolio Pulse from Lisa Levin

June 28, 2023 | 2:19 pm

Unusual options activity has been observed for MongoDB (NASDAQ:MDB) with a bearish stance. Benzinga's options scanner spotted 15 uncommon options trades, with 26% bullish and 73% bearish sentiment. Whales have been targeting a price range of $70 to $650 for MongoDB over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 6:02 pm

Barclays analyst Raimo Lenschow maintains an Overweight rating on MongoDB (NASDAQ:MDB) and raises the price target from $374 to $421.

Portfolio Pulse from richadhand@benzinga.com

June 26, 2023 | 2:05 pm

Wedbush analyst Daniel Ives predicts a tech bull market driven by the AI revolution, with tech stocks expected to rally 12-15% in the second half of the year. He believes the 4th Industrial Revolution is underway and AI spending will increase to 8-10% of overall IT budgets by 2024.

Portfolio Pulse from Shanthi Rexaline

June 26, 2023 | 12:55 pm

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