Will MongoDB, Inc. (MDB) Go Down Anytime Soon?

March 14, 2018 - By Adrian Mccoy

The stock of MongoDB, Inc. (NASDAQ:MDB) is a huge mover today! The stock increased 7.42% or $2.81 during the last trading session, reaching $40.67. About 1.27M shares traded or 341.16% up from the average. MongoDB, Inc. (NASDAQ:MDB) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.
The move comes after 8 months positive chart setup for the $2.06B company. It was reported on Mar, 14 by Barchart.com. We have $41.89 PT which if reached, will make NASDAQ:MDB worth $61.71 million more.

More important recent MongoDB, Inc. (NASDAQ:MDB) news were published by: Prnewswire.com which released: “MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2018 Financial Results” on March 13, 2018, also Benzinga.com published article titled: “Wall Street Debates MongoDB’s Q4 Report”, Fool.com published: “Here’s How MongoDB, Inc. Stock Rose 18.8% Last Month” on March 08, 2018. More interesting news about MongoDB, Inc. (NASDAQ:MDB) was released by: Prnewswire.com and their article: “MongoDB Announces Multi-Document ACID Transactions in Release 4.0” with publication date: February 15, 2018.

MongoDB, Inc. operates as a general purpose database platform worldwide. The company has market cap of $2.06 billion. It offers MongoDB Enterprise Advanced, a subscription package for enterprise clients to run in the cloud or in a hybrid environment; MongoDB Atlas, a cloud hosted database-as-a-service solution; Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB; and MongoDB Stitch, a backend-as-a-service designed to simplify application development. It currently has negative earnings. The firm also provides professional services, such as consulting and training.

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