A cloud company that does database management, beloved by app developers. It's soared 10x since its IPO less than four years ago, including a 173% run in 2020. This (and cloud stocks) peaked earlier this year at $428 in February then plunged to $238 in its May lows. Since then, it's roared back to $390 and now $350 today. It's volatile. At the end of June, it lost some momentum with a secondary offering. The stock is down 2% YTD. It's growing 32% annually, but is pricey at 30x this year's PE estimates. (Snowflake is at 70s, though.) He's conflicted.
Hold your winners, and trim if a position grows too large in a portfolio. MDB is in a hot area in tech. Traditional enterprises are struggling with how to make use of cloud computing; it's a complicated issue with the big question being, what do you do with databases? Oracle has long been dominant here, but many companies feel trapped in their relationship with Oracle. MDB arrives from a different direction--open-sourced that allows users the flexibility to move that data. That said, MDB is a complicated sale; it's lumpy and chunky. It's a volatile stock, and he'd own only a small holding.
MongoDB, Inc. is a American stock, trading under the symbol MDB-Q on the NASDAQ (MDB). It is usually referred to as NASDAQ:MDB or MDB-Q
In the last year, there was no coverage of MongoDB, Inc. published on Stockchase.
MongoDB, Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for MongoDB, Inc. .
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered MongoDB, Inc. In the last year. It is a trending stock that is worth watching.
On 2023-05-31, MongoDB, Inc. (MDB-Q) stock closed at a price of $293.79.