MongoDB Stock (NASDAQ:MDB), Trade Ideas

MongoDB

Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.

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Wedbush&#39;s Dan Ives predicts massive increase in AI spending by 2024, driving growth for tech giants like Microsoft, Salesforce, Palantir, and more.

&#39;Initial Wave Of AI Software Growth&#39; To Spur Microsoft, Salesforce, Palantir, MongoDB, Oracle, Snowflake, And Elastic, Says Analyst

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The Nasdaq 100 closed higher by around 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

Best Buy, Box And 2 Other Stocks Insiders Are Selling

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The Nasdaq 100 closed lower by around 8 points on Monday. Investors, meanwhile, focused on some notable insider trades.

Amazon, MongoDB And 2 Other Stocks Insiders Are Selling

MongoDB Inc

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MDB Capital Holdings, LLC - Class A common

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<p>MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) has outperformed the market over the past 5 years by 9.1% on an annualized basis producing an average annual return of 20.56%. Currently, MongoDB has a market capitalization of $25.50 billion. </p>
<p><strong>Buying $100 In MDB:</strong> If an investor had bought $100 of MDB stock 5 years ago, it would be worth <strong>$268.20</strong> today based on a price of $350.18 for MDB at the time of writing.</p>
<h3>MongoDB's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713366036_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In MongoDB 5 Years Ago Would Be Worth This Much Today

<p>Deep-pocketed investors have adopted a bullish approach towards MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MDB usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for MongoDB. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 60% leaning bullish and 40% bearish. Among these notable options, 8 are puts, totaling $507,841, and 7 are calls, amounting to $311,435.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $440.0 for MongoDB over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MongoDB's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MongoDB's significant trades, within a strike price range of $70.0 to $440.0, over the past month.</p>
<h3>MongoDB Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713208559_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$16.9</td>
<td>$14.3</td>
<td>$16.8</td>
<td>$260.00</td>
<td>$168.0K</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$4.65</td>
<td>$4.45</td>
<td>$4.65</td>
<td>$340.00</td>
<td>$116.2K</td>
<td style="text-align: right;">882</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$97.95</td>
<td>$95.15</td>
<td>$95.15</td>
<td>$440.00</td>
<td>$76.1K</td>
<td style="text-align: right;">902</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$7.5</td>
<td>$6.9</td>
<td>$7.5</td>
<td>$365.00</td>
<td>$59.2K</td>
<td style="text-align: right;">45</td>
<td style="text-align: right;">71</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$291.7</td>
<td>$284.3</td>
<td>$289.86</td>
<td>$70.00</td>
<td>$57.9K</td>
<td style="text-align: right;">27</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is MongoDB Standing Right Now?</h3>
<ul>
<li>With a trading volume of 584,186, the price of MDB is up by 0.49%, reaching $353.8.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 45 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for MongoDB</h3>
<p>A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $420.0.</p>
<ul>
<li>An analyst from Redburn Atlantic downgraded its action to Sell with a price target of $295. </li>
<li>An analyst from Needham downgraded its action to Buy with a price target of $465. </li>
<li>An analyst from Tigress Financial has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $500. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Decoding MongoDB's Options Activity: What's the Big Picture?

<p>Wedbush Securities analyst Daniel Ives predicts a seismic shift in IT spending towards AI and related technologies. He estimates that such purchases will account for 8%-10% of IT budgets in 2024, a big jump from less than <a href="https://www.benzinga.com/topic/artificial-intelligence">1% in 2023</a>. </p>
<h2 class="wp-block-heading">Significant growth Trajectory Ahead</h2>
<p>Major players in the tech sector, including <strong>Microsoft Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), <strong>Salesforce Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), <strong>Palantir Technologies Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), <strong>MongoDB Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), <strong>Oracle Corp</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), <strong>Snowflake Inc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), <strong>Elastic NV</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>), stand to experience a significant growth trajectory fueled by this surge in investment, the analyst says.</p>
<p>Ives identifies this phenomenon as the &#8220;initial wave of AI software growth,&#8221; heralding a transformative period for the industry. Pioneers like<strong> Jensen Huang</strong> of <strong>Nvidia Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft&#8217;s <strong>Satya Nadella</strong> spearheaded the first wave of the AI Revolution. Now, the ripple effects cascade across the tech landscape, offering substantial opportunities for companies positioned to capitalize on this burgeoning market.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38211388/nvidia-stock-trading-at-13-discount-to-long-term-average-other-ai-stocks-at-52-prem">Nvidia Stock Trades At 13% Discount To Long-Term Average, Other AI Stocks At 52% Premium</a></em></p>
<h2 class="wp-block-heading">Analyst Ratings &amp; Price Targets</h2>
<p>Among the beneficiaries highlighted by Ives, Microsoft stands out as a prime candidate for substantial growth. Ives has an Outperform rating and a price target of $500 on Microsoft stock. Similarly, MongoDB, with its innovative database platform, earns an Outperform rating and a price target of $475. </p>
<p>However, not all companies possess equal readiness to ride this wave. Snowflake, while maintaining a Neutral rating, holds a price target of $210 from Wedbush. The rating suggests a more cautious outlook on its potential to capitalize on the AI-driven market expansion.</p>
<p>As businesses increasingly recognize the transformative potential of AI technologies, experts anticipate a soaring demand for advanced software solutions. Companies like Palantir, Oracle, and Elastic, each rated Outperform by Wedbush Securities, position themselves to thrive in this evolving landscape. </p>
<p>The forecasted surge in AI software spending represents a monumental growth catalyst for the tech sector. It could propel companies across the board towards unprecedented opportunities for innovation and expansion.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/news/24/04/38239037/googles-sundar-pichai-grapples-with-ai-mishaps-nvidia-caitlin-clark-of-stock-market-and-more-this-we">Google&#8217;s Sundar Pichai Grapples With AI Mishaps, Nvidia &#8216;Caitlin Clark&#8217; Of Stock Market And More: This Week In AI</a></em></p>
<p><em>Photo: Shutterstock</em></p>


'Initial Wave Of AI Software Growth' To Spur Microsoft, Salesforce, Palantir, MongoDB, Oracle, Snowflake, And Elastic, Says Analyst

<p>The Nasdaq 100 closed higher by around 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades.</p>
<p>When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>
<p>Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"><em> Benzinga&#39;s insider transactions </em></a> platform.</p>
<h3><strong>Best Buy </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Best Buy Co., Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bby#NYSE">BBY</a>) SVP, Controller &amp; CAO Mathew Watson <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 3,520 shares </em></a> at an average price of $82.43. The insider received around $290,154 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> Best Buy Co. Alphabet&rsquo;s Google Cloud, and Accenture Plc have entered into a new collaboration to deploy generative AI (gen AI) to improve the experience for Best Buy customers.</li>
<li><strong>What Best Buy Does:</strong> With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the U.S., boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data.</li>
</ul>
<p><em>Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </em></p>
<h3><strong>Box</strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Box, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/box#NYSE">BOX</a>) CFO Dylan C Smith <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 13,000 shares </em></a> at an average price of $27.30. The insider received around $354,900 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On March 20, RBC Capital analyst Rishi Jaluria reiterated Box with an Underperform and maintained a $21 price target.</li>
<li><strong>What Box Does:</strong> Box is a cloud-based content services platform that provides cloud-based storage and workflow collaboration services for enterprise customers.</li>
</ul>
<h3><strong>Trimble </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Trimble Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trmb#NASDAQ">TRMB</a>) President and CEO Robert G Painter <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 3,500 shares </em></a> at an average price of $62.50. The insider received around $218,750 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On April 2, Piper Sandler analyst Clarke Jeffries maintained Trimble with an Overweight and maintained a $73 price target.</li>
<li><strong>What Trimble Does:</strong> Trimble Inc provides a technology solutions provider that enables office and mobile professionals to connect their workflows and asset lifecycles to drive a more productive, sustainable future.</li>
</ul>
<h3><strong>MongoDB </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> MongoDB, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>) Director Dwight A Merriman <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 2,000 shares </em></a> at an average price of $365.00. The insider received around $730,000 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> MongoDB expanded its collaboration with Google Cloud.</li>
<li><strong>What MongoDB Does:</strong> Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database.</li>
</ul>
<p>&nbsp;</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38215617/fear-greed-index-moves-to-greed-zone-following-ppi-data-nasdaq-record-sharp-gains"><em> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone Following PPI Data; Nasdaq record Sharp Gains </em></a></p>


<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>MongoDB</strong>.</p>
<p>Looking at options history for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) we detected 20 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.</p>
<p>From the overall spotted trades, 11 are puts, for a total amount of $747,538 and 9, calls, for a total amount of $284,508.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $220.0 to $530.0 for MongoDB over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 218.8 with a total volume of 1,002.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $220.0 to $530.0 over the last 30 days.</p>
<h3>MongoDB 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712688351_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$82.7</td>
<td>$81.1</td>
<td>$82.7</td>
<td>$400.00</td>
<td>$339.0K</td>
<td style="text-align: right;">771</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$96.0</td>
<td>$95.15</td>
<td>$95.15</td>
<td>$450.00</td>
<td>$114.1K</td>
<td style="text-align: right;">125</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$1.92</td>
<td>$1.65</td>
<td>$1.65</td>
<td>$435.00</td>
<td>$49.1K</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">411</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$76.1</td>
<td>$75.9</td>
<td>$76.1</td>
<td>$390.00</td>
<td>$45.6K</td>
<td style="text-align: right;">336</td>
<td style="text-align: right;">53</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$76.5</td>
<td>$76.0</td>
<td>$76.0</td>
<td>$360.00</td>
<td>$45.6K</td>
<td style="text-align: right;">113</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<h3>Current Position of MongoDB</h3>
<ul>
<li>With a volume of 575,551, the price of MDB is up 0.06% at $363.52. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 51 days.</li>
</ul>
<h3>Professional Analyst Ratings for MongoDB</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $437.2.</p>
<ul>
<li>In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $465. </li>
<li>Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Sell with a new price target of $295.</li>
<li>An analyst from Bernstein persists with their Outperform rating on MongoDB, maintaining a target price of $491. </li>
<li>In a cautious move, an analyst from Stifel downgraded its rating to Buy, setting a price target of $435. </li>
<li>An analyst from Tigress Financial has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $500. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for MongoDB, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In MDB Options

<p><i>MongoDB Atlas Search Nodes now generally available on Google Cloud to make it easier and more cost-effective for customers to isolate and scale generative AI workloads</i></p>
<p><i>Google Cloud Vertex AI extension for MongoDB Atlas and new Spark integration with BigQuery make it even more seamless for customers to build generative AI applications with their proprietary data</i></p>
<p><i>MongoDB joins Google Cloud's Industry Value Network and introduces new MongoDB Atlas integration with Google Cloud Manufacturing Data Engine to help businesses build industry-specific solutions</i></p>
<p><i>MongoDB Enterprise Advanced on Google Distributed Cloud helps customers run applications that meet the most stringent security and data privacy requirements</i></p>


Contracts

MongoDB Expands Collaboration With Google Cloud

<p>The Nasdaq 100 closed lower by around 8 points on Monday. Investors, meanwhile, focused on some notable insider trades.</p>
<p>When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company&rsquo;s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.</p>
<p>Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"><em> Benzinga&#39;s insider transactions </em></a> platform.</p>
<h3><strong>Amazon.com </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Amazon.com, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) CEO Amazon Web Services Adam Selipsky <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 1,000 shares </em></a> at an average price of $183.27. The insider received around $183,265 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> Amazon.com is restarting construction of a 42-story office tower in Bellevue, a Seattle suburb, after halting work on 22 floors since 2022. The pause in 2022 affected five towers in Bellevue and new offices in Virginia and Nashville as Amazon evaluated the pandemic&rsquo;s impact on in-office work dynamics.</li>
<li><strong>What Amazon.com Does:</strong> Amazon is a leading online retailer and one of the highest-grossing e-commerce aggregators, with $386 billion in net sales and approximately $578 billion in estimated physical/digital online gross merchandise volume in 2021.</li>
</ul>
<p><em>Have a look at our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> </em></p>
<h3><strong>MongoDB</strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> MongoDB, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>) Chief Revenue Officer Cedric Pech <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 4,726 shares </em></a> at an average price of $350.00. The insider received around $1.65 million from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On March 28, Tigress Financial analyst Ivan Feinseth maintained MongoDB with a Buy and raised the price target from $495 to $500.</li>
<li><strong>What MongoDB Does:</strong> Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users.</li>
</ul>
<h3><strong>nCino </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> nCino, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncno#NASDAQ">NCNO</a>) Director Spencer Lake <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 5,000 shares </em></a> at an average price of $35.30. The insider received around $176,500 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On March 26, NCino reported better-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance above estimates.</li>
<li><strong>What nCino Does:</strong> Ncino Inc is a provider of cloud-based software for financial institutions.</li>
</ul>
<h3><strong>Shutterstock </strong></h3>
<ul>
<li><strong>The Trade:</strong> <strong> Shutterstock, Inc </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sstk#NYSE">SSTK</a>) Global Head of Ecommerce John Caine <a href="https://www.benzinga.com/sec/insider-trades/"><em> sold a total of 1,974 shares </em></a> at an average price of $43.30. The insider received around $85,474 from selling those shares.</li>
<li><strong>What&rsquo;s Happening:</strong> On Feb. 21, Shutterstock posted upbeat quarterly earnings.</li>
<li><strong>What Shutterstock Does:</strong> Shutterstock Inc is a U.S.-based company that is engaged in the provision of digital content.</li>
</ul>
<p>&nbsp;</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38154597/neogen-maxeon-solar-technologies-and-3-stocks-to-watch-heading-into-tuesday"><em> Neogen, Maxeon Solar Technologies And 3 Stocks To Watch Heading Into Tuesday </em></a></p>


<p>Needham  analyst Mike Cikos   reiterates MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Buy and maintains $465 price target.</p>


Price Target

Reiteration

Needham Reiterates Buy on MongoDB, Maintains $465 Price Target

WIIM

AMAT

ASML

AVGO

DDOG

Shares of companies in the broader technology sector are trading higher amid a rebound following Thursday's selloff.

<p>The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.</p>
<p>Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3><strong>Luna Innovations Incorporated </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luna#NASDAQ">LUNA</a>)</h3>
<ul>
<li>On March 25, Luna Innovations said Scott Graeff has retired from his role as President and Chief Executive Officer. The company&rsquo;s stock fell around 53% over the past month and has a <a href="https://www.benzinga.com/quote/LUNA"><em>52-week low of $2.97 </em></a>.</li>
<li><strong>RSI Value:</strong> 23.16</li>
<li><strong>LUNA Price Action: </strong> Shares of Luna Innovations closed at $3.03 on Wednesday.</li>
</ul>
<h3><strong>InterDigital, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idcc#NASDAQ">IDCC</a>)</h3>
<ul>
<li>On April 1, B of A Securities downgraded the stock from Buy to Underperform and lowered its price target from $140 to $100. The company&rsquo;s stock fell around 9% over the past five days. It <a href="https://www.benzinga.com/quote/IDCC"><em> has a 52-week low </em></a> of $66.82.</li>
<li><strong>RSI Value:</strong> 26.92</li>
<li><strong>IDCC Price Action: </strong> Shares of InterDigital fell 0.8% to close at $95.84 on Wednesday.</li>
</ul>
<h3><strong>Dropbox, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbx#NASDAQ">DBX</a>)</h3>
<ul>
<li>On March 22, Citigroup analyst Steven Enders maintained Dropbox with a Neutral and lowered the price target from $31 to $27. The company&rsquo;s stock fell around 4% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/DBX"><em> low of $19.55.</em></a></li>
<li><strong>RSI Value:</strong> 28.89</li>
<li><strong>DBX Price Action: </strong> Shares of Dropbox fell 1.8% to close at $23.48 on Wednesday.</li>
</ul>
<h3><strong>Digital Turbine, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>)</h3>
<ul>
<li>On Feb. 7, Digital Turbine reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates. The company&rsquo;s shares lost around 28% over the past month. The company&rsquo;s 52-week low is $2.27.</li>
<li><strong>RSI Value:</strong> 24.29</li>
<li><strong>APPS Price Action: </strong> Shares of Digital Turbine fell 2.5% to close at $2.30 on Wednesday.</li>
</ul>
<h3><strong>MongoDB, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mdb#NASDAQ">MDB</a>)</h3>
<ul>
<li>On March 28, Tigress Financial analyst Ivan Feinseth maintained MongoDB with a Buy and raised the price target from $495 to $500. The company&rsquo;s shares fell around 23% over the past month. The company <a href="https://www.benzinga.com/quote/MDB"><em> has a 52-week low </em></a> of $198.72.</li>
<li><strong>RSI Value:</strong> 25.98</li>
<li><strong>MDB Price Action: </strong> Shares of MongoDB fell 2.3% to close at $339.82 on Wednesday.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38083957/rpm-international-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earn"><em> RPM International Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call </em></a></p>


Penny Stocks

APPS

IDCC

LUNA

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month

<p>Financial giants have made a conspicuous bullish move on MongoDB. Our analysis of options history for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) revealed 32 unusual trades.</p>
<p>Delving into the details, we found 56% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 20 were puts, with a value of $1,067,663, and 12 were calls, valued at $601,590.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $337.5 to $460.0 for MongoDB during the past quarter. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for MongoDB's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MongoDB's whale activity within a strike price range from $337.5 to $460.0 in the last 30 days. </p>
<h3>MongoDB Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712004337_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$43.2</td>
<td>$43.15</td>
<td>$43.2</td>
<td>$350.00</td>
<td>$142.5K</td>
<td style="text-align: right;">179</td>
<td style="text-align: right;">47</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$12.3</td>
<td>$11.95</td>
<td>$12.3</td>
<td>$360.00</td>
<td>$123.0K</td>
<td style="text-align: right;">210</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$84.4</td>
<td>$83.95</td>
<td>$83.95</td>
<td>$400.00</td>
<td>$109.1K</td>
<td style="text-align: right;">98</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$10.25</td>
<td>$9.9</td>
<td>$10.13</td>
<td>$450.00</td>
<td>$101.3K</td>
<td style="text-align: right;">268</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/05/24</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.4</td>
<td>$350.00</td>
<td>$84.6K</td>
<td style="text-align: right;">215</td>
<td style="text-align: right;">570</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of MongoDB</h3>
<ul>
<li>Currently trading with a volume of 916,682, the MDB's price is down by -0.71%, now at $356.09. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 59 days.</li>
</ul>
<h3>Professional Analyst Ratings for MongoDB</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $410.4.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Guggenheim keeps a Sell rating on MongoDB with a target price of $272. </li>
<li>Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $475.</li>
<li>In a positive move, an analyst from DA Davidson has upgraded their rating to Buy and adjusted the price target to $430. </li>
<li>An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $440. </li>
<li>An analyst from Stifel has decided to maintain their Buy rating on MongoDB, which currently sits at a price target of $435. </li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Check Out What Whales Are Doing With MDB

<p><strong>MongoDB's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NYSE">MDB</a>) short percent of float has risen 5.05% since its last report. The company recently reported that it has <strong>3.26 million shares sold short</strong>, which is 5.2% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.44 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>MongoDB Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711985416_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for MongoDB has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing MongoDB's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MongoDB's peer group average for short interest as a percentage of float is 6.02%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

(MDB) - Analyzing MongoDB's Short Interest

<p>In the latest quarter, 26 analysts provided ratings for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>), showcasing a mix of bullish and bearish perspectives.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">11</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $447.46, a high estimate of $550.00, and a low estimate of $272.00. Highlighting a 4.26% decrease, the current average has fallen from the previous average price target of $467.37. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711645278_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A comprehensive examination of how financial experts perceive MongoDB is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ivan Feinseth</td>
<td>Tigress Financial</td>
<td>Raises</td>
<td>Buy</td>
<td>$500.00</td>
<td>$495.00</td>
</tr>
<tr>
<td>Alex Haissl</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Sell</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Maintains</td>
<td>Buy</td>
<td>$435.00</td>
<td>-</td>
</tr>
<tr>
<td>Firoz Valliji</td>
<td>Bernstein</td>
<td>Raises</td>
<td>Outperform</td>
<td>$491.00</td>
<td>$484.00</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$440.00</td>
<td>-</td>
</tr>
<tr>
<td>Bradley Sills</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$500.00</td>
<td>$555.00</td>
</tr>
<tr>
<td>David Hynes</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$435.00</td>
<td>$450.00</td>
</tr>
<tr>
<td>Rishi Jaluria</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$475.00</td>
<td>-</td>
</tr>
<tr>
<td>Brad Reback</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$435.00</td>
<td>$475.00</td>
</tr>
<tr>
<td>Matthew Broome</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$380.00</td>
<td>$420.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$490.00</td>
<td>$543.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$480.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Miller Jump</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$475.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Patrick Colville</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$385.00</td>
<td>$400.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$430.00</td>
<td>$405.00</td>
</tr>
<tr>
<td>Andrew Nowinski</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$450.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$465.00</td>
<td>$495.00</td>
</tr>
<tr>
<td>Raimo Lenschow</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$458.00</td>
<td>$478.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$550.00</td>
<td>$515.00</td>
</tr>
<tr>
<td>Howard Ma</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Sell</td>
<td>$272.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Miller Jump</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$500.00</td>
<td>$440.00</td>
</tr>
<tr>
<td>Eric Heath</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$543.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>Rudy Kessinger</td>
<td>DA Davidson</td>
<td>Announces</td>
<td>Neutral</td>
<td>$405.00</td>
<td>-</td>
</tr>
<tr>
<td>Patrick Walravens</td>
<td>JMP Securities</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$440.00</td>
<td>-</td>
</tr>
<tr>
<td>Mike Cikos</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$495.00</td>
<td>-</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$410.00</td>
<td>$475.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MongoDB. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MongoDB compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of MongoDB's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of MongoDB's market standing. Stay informed and make data-driven decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MDB/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on MongoDB analyst ratings.</strong></a></p>
<h2>About MongoDB</h2>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<h3>Financial Milestones: MongoDB's Journey</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.</p>
<p><strong>Revenue Growth:</strong> MongoDB displayed positive results in 3 months. As of 31 January, 2024, the company achieved a solid revenue growth rate of approximately <strong>26.76%</strong>. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>-12.11%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> MongoDB's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>-5.45%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> MongoDB's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>-1.99%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>1.11</strong>, MongoDB adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Analyst Ratings: What Are They?</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Decoding 26 Analyst Evaluations For MongoDB

<p>Tigress Financial  analyst Ivan Feinseth   maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Buy and raises the price target from $495 to $500.</p>


Tigress Financial Maintains Buy on MongoDB, Raises Price Target to $500

<p>Financial giants have made a conspicuous bearish move on MongoDB. Our analysis of options history for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) revealed 15 unusual trades.</p>
<p>Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,515,767, and 4 were calls, valued at $171,400.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $310.0 to $430.0 for MongoDB over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for MongoDB's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MongoDB's whale trades within a strike price range from $310.0 to $430.0 in the last 30 days. </p>
<h3>MongoDB 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711484142_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$310.00</td>
<td>$889.2K</td>
<td>2.9K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/28/24</td>
<td>$390.00</td>
<td>$130.7K</td>
<td>37</td>
<td>194</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$370.00</td>
<td>$83.3K</td>
<td>230</td>
<td>12</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$430.00</td>
<td>$78.4K</td>
<td>132</td>
<td>10</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/12/24</td>
<td>$405.00</td>
<td>$73.7K</td>
<td>126</td>
<td>484</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of MongoDB</h3>
<ul>
<li>Currently trading with a volume of 960,619, the MDB's price is up by 0.16%, now at $354.12. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 65 days.</li>
</ul>
<h3>What Analysts Are Saying About MongoDB</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $474.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for MongoDB, targeting a price of $550. </li>
<li>Maintaining their stance, an analyst from Stifel continues to hold a Buy rating for MongoDB, targeting a price of $435. </li>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $475. </li>
<li>An analyst from Piper Sandler has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $480. </li>
<li>In a positive move, an analyst from DA Davidson has upgraded their rating to Buy and adjusted the price target to $430. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MongoDB options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


MongoDB Unusual Options Activity For March 26

<p>MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) has outperformed the market over the past 5 years by 6.21% on an annualized basis producing an average annual return of 19.22%. Currently, MongoDB has a market capitalization of $25.88 billion. </p>
<p><strong>Buying $1000 In MDB:</strong> If an investor had bought $1000 of MDB stock 5 years ago, it would be worth <strong>$2,422.01</strong> today based on a price of $355.36 for MDB at the time of writing.</p>
<h3>MongoDB's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711389614_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $1000 Invested In MongoDB 5 Years Ago Would Be Worth Today

<p>Financial giants have made a conspicuous bearish move on MongoDB. Our analysis of options history for MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) revealed 21 unusual trades.</p>
<p>Delving into the details, we found 42% of traders were bullish, while 57% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $573,207, and 12 were calls, valued at $706,545.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $200.0 and $710.0 for MongoDB, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of MongoDB stands at 68.35, with a total volume reaching 719.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MongoDB, situated within the strike price corridor from $200.0 to $710.0, throughout the last 30 days.</p>
<h3>MongoDB Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1711386060_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$200.00</td>
<td>$206.2K</td>
<td style="text-align: right;">13</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>MDB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$640.00</td>
<td>$120.0K</td>
<td style="text-align: right;">112</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$490.00</td>
<td>$105.6K</td>
<td style="text-align: right;">59</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$355.00</td>
<td>$104.5K</td>
<td style="text-align: right;">72</td>
<td style="text-align: right;">103</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$410.00</td>
<td>$74.2K</td>
<td style="text-align: right;">107</td>
<td style="text-align: right;">13</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>Following our analysis of the options activities associated with MongoDB, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of MongoDB</h3>
<ul>
<li>With a volume of 259,418, the price of MDB is down -0.47% at $353.83. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 66 days.</li>
</ul>
<h3>What Analysts Are Saying About MongoDB</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $463.0.</p>
<ul>
<li>An analyst from Stifel persists with their Buy rating on MongoDB, maintaining a target price of $435. </li>
<li>An analyst from Wells Fargo persists with their Overweight rating on MongoDB, maintaining a target price of $450. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MongoDB with a target price of $550. </li>
<li>Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $380.</li>
<li>Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on MongoDB with a target price of $500. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for MongoDB, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Looking At MongoDB's Recent Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>MongoDB</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 15 options trades for MongoDB.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.</p>
<p>Out of all of the options we uncovered, 14 are puts, for a total amount of $983,459, and there was 1 call, for a total amount of $29,675.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $290.0 to $410.0 for MongoDB over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for MongoDB options trades today is 212.82 with a total volume of 210.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for MongoDB's big money trades within a strike price range of $290.0 to $410.0 over the last 30 days.</p>
<h3>MongoDB Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1710957724_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$320.00</td>
<td>$180.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$300.00</td>
<td>$117.9K</td>
<td style="text-align: right;">632</td>
<td style="text-align: right;">36</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$350.00</td>
<td>$85.1K</td>
<td style="text-align: right;">315</td>
<td style="text-align: right;">31</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$400.00</td>
<td>$77.5K</td>
<td style="text-align: right;">720</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>MDB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$400.00</td>
<td>$76.0K</td>
<td style="text-align: right;">42</td>
<td style="text-align: right;">14</td>
</tr>
</tbody>
</table>
</p>
<h3>About MongoDB</h3>
<p>Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.</p>
<p>After a thorough review of the options trading surrounding MongoDB, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of MongoDB</h3>
<ul>
<li>Trading volume stands at 315,944, with MDB's price up by 0.41%, positioned at $355.24.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 71 days.</li>
</ul>
<h3>What The Experts Say On MongoDB</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $424.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MongoDB, targeting a price of $458. </li>
<li>In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $440. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on MongoDB, which currently sits at a price target of $450. </li>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for MongoDB, targeting a price of $500. </li>
<li>An analyst from Guggenheim persists with their Sell rating on MongoDB, maintaining a target price of $272. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for MongoDB, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


This Is What Whales Are Betting On MongoDB

MongoDB shares are trading lower after Redburn Atlantic downgraded the stock from Neutral to Sell and announced a $295 price target.

<p>Redburn Atlantic  analyst Alex Haissl   downgrades MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) from Neutral to Sell and announces $295 price target.</p>


Downgrades

Redburn Atlantic Downgrades MongoDB to Sell, Announces $295 Price Target

Which stocks are best to buy now? According to Top Wall Street Analysts, the three stocks listed below are Strong Buys. Each stock received a new B...

3 Best Stocks to Buy Now, 3/29/2024, According to Top Analysts

Datadog: Growth Prospect Still Alive With Big Milestones Achieved

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Analysts estimate that the big data sector will <a href="https://www.fortunebusinessinsights.com/industry-reports/big-data-technology-market-100144">expand at a CAGR of 13.5%</a> between 2022 and 2030. By the latter year, the sector&rsquo;s sales will come in at a huge $745 billion. Moreover, forms of AI such as <a href="https://www.techtarget.com/searchenterpriseai/tip/How-do-big-data-and-AI-work-together">machine learning</a> can spot patterns across large volumes of data. And these patterns, in turn, can produce insights which enable firms to more effectively recruit customers, develop better products and increase their productivity. Given these points, big data and the companies that can extract it will become increasingly valuable over the longer term. Here are three strong buy big data stocks.</p>



<h2>MongoDB (MDB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/mdb-stock-1-300x169.jpg" alt="A close-up view of the MongoDB (MDB) office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div><p><strong>MongoDB</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mdb-stock-quote/"><strong>MDB</strong></a></span>) <a href="https://seekingalpha.com/article/4680170-mongodb-future-propelled-by-atlas-cloud-database">has created</a> a popular document-oriented database. The firm charges for its cloud-based database, called Atlas, based on the amount of data which its customers utilize. Moreover, Atlas has become very popular among users of the public cloud,  Atlas&rsquo; revenue is already growing at an annual clip of nearly 33%. And it already generates 68% of the company&rsquo;s overall sales. </p>



<p>Given these points, I believe that Atlas&rsquo; growth will greatly accelerate in the medium and long-term as the amount of data consumed by cloud users increases exponentially in order to support their use of AI. And the acceleration of Atlas&rsquo; gains, in turn, should enable the  growth of MongoDB&rsquo;s top and bottom lines to accelerate a great deal as well, enabling MDB stock to outperform.  </p>



<p>MongoDB&rsquo;s <a href="https://finance.yahoo.com/quote/MDB/key-statistics">PEG ratio</a> was a reasonably attractive 1.46 times as of January 2024. Given MDB&rsquo;s rapid growth and attractive valuation, I view the shares as one of the best strong buy big data stocks.</p>



<h2>Datadog (DDOG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/ddog-stock-1-300x169.jpg" alt="The Datadog (DDOG) logo displayed on a laptop screen."><div>Source: Karol Ciesluk / Shutterstock.com</div></div><p><strong>Datadog&rsquo;s</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ddog-stock-quote/"><strong>DDOG</strong></a></span>) monitoring and analytics platform for cloud applications enables its customers to analyze large volumes of data from various sources. </p>



<p>On March 14,<strong> Bank of America</strong> <a href="https://seekingalpha.com/news/4079577-citigroup-construction-partners-datadog-and-nvidia-are-bofas-bull-stocks">identified DDOG</a> as one of its &ldquo;bull stocks,&rdquo; saying that the shares were undergoing a &ldquo;&lsquo;head and shoulders&rsquo; bottom breakout&rdquo; that could take the shares to $172.</p>



<p>Last quarter, <a href="https://seekingalpha.com/symbol/DDOG/income-statement">the company&rsquo;s EPS</a> soared 79% year-over-year to 44 cents. Also noteworthy is that its EBITDA came in at $31.7 million, versus an EBITDA loss of $31.6 million in Q4 of 2022. The huge jump indicates that DDOG, like MDB, is beginning to benefit meaningfully from the proliferation of AI.</p>



<p>I expect the latter trend to intensify in the longer term. Supporting that conclusion, DDOG CEO Olivier Pomel <a href="https://seekingalpha.com/article/4676080-datadog-inc-ddog-morgan-stanley-technology-media-and-telecom-conference-transcript">recently stated that</a> the utilization of DDOG&rsquo;s offerings by AI-focused companies is growing quickly.</p>



<h2>Oracle (ORCL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/orcl-stock-3-300x169.jpg" alt="The Oracle (ORCL) sign hangs on an Oracle office in Deerfield, Illinois."><div>Source: Jonathan Weiss / Shutterstock.com</div></div><p>Database software giant <strong>Oracle </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/orcl-stock-quote/"><strong>ORCL</strong></a></span>) is starting to market AI applications. Specifically, on March 14, the firm unveiled AI tools <a href="https://www.prnewswire.com/news-releases/ai-powered-analytics-help-oracle-fusion-applications-customers-achieve-better-business-outcomes-302088848.html">that will enable</a> its customers to generate data-driven insights. The company correctly noted that with these insights, its customers will be able to improve their businesses. As a result, I believe&nbsp;that the demand for these offerings will be strong.</p>



<p>Also noteworthy is that on March 18 ORCL announced a partnership with <strong>Nvidia</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a></span>). Under the deal, the two firms will jointly market Oracle&rsquo;s AI and cloud offerings, along with Nvidia&rsquo;s chips and software. Given the huge enthusiasm for Nvidia&rsquo;s products, the deal should meaningfully increase Oracle&rsquo;s orders and revenue going forward, as governments and companies will be much more likely to buy Oracle&rsquo;s systems if they are paired with Nvidia&rsquo;s products.</p>



<p>Meanwhile, the Street appears to be becoming more upbeat on ORCL stock, as two investment banks <a href="https://www.investors.com/news/technology/oracles-stock-orcl-cloud-ai/">recently upgraded the shares</a> in the wake of the company&rsquo;s Q4 results.</p>



<p><strong>Argus</strong> raised its rating on the name to &ldquo;buy,&rdquo; citing the firm&rsquo;s rapidly growing cloud revenue. The company&rsquo;s cloud infrastructure revenue jumped 49% last quarter versus the same period a year earlier, excluding currency fluctuations. Argus placed a $145 price target on ORCL stock.</p>



<p>Another investment bank, <strong>William Blair</strong>, raised its rating on the shares to &ldquo;outperform,&rdquo; The bank was impressed by the 41% year-over-year increase in the company&rsquo;s remaining performance obligations, and it expects Oracle&rsquo;s revenue from AI users to increase meaningfully going forward.</p>



<p><em>On the date of publication, Larry Ramer did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</p></div><h3>More From InvestorPlace</h3>
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MongoDB: Ongoing Demand Headwinds

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The stock market has been in a solid rally since the third quarter of 2023, pushing significant indices to new highs. That upward trajectory also raised company valuations for many stocks, putting investors at risk of inflated stock prices and selloffs. Being the most traded exchange in the states, the <strong>Nasdaq </strong>is no stranger to seeing expensive stocks that investors should sell.&nbsp;</p>



<p>These expensive stocks show signs of decline or have recently seen explosive price growth that lacks fundamental support. Indeed, expensive stocks are quite common in bull markets. It may sound like fearmongering, but investors should constantly evaluate their picks and be wary of &ldquo;returning&rdquo; their gains to the market.&nbsp;</p>



<p>Unfortunately, the following stocks have fallen into the expensive category. It may be worth dumping these expensive Nasdaq stocks to sell before their prices fall back to earth.</p>



<h2>MongoDB (MDB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/mdb-stock-1-300x169.jpg" alt="A close-up view of the MongoDB (MDB) office in Silicon Valley."><div>Source: Michael Vi / Shutterstock.com</div></div><p><strong>MongoDB </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/mdb-stock-quote/"><strong>MDB</strong></a></span>) offers a new management platform that overcomes the traditional relational database and is useful for large distributed data sets. Its platform can manage document-oriented information and retrieve information using its architecture, which comprises collections and documents that allow users to build schema-less databases at scale.&nbsp;</p>



<p>While MongoDB offers a modern approach to legacy database infrastructure customers, how to make them transition to its platform is a question. That generally means it only has a strong growth runway if other competitors like Amazon Web Services catch up and offer similar types of features, lessening its competitive strength.</p>



<p>MongoDB may have been among the strongest stocks since it rallied last year. In terms of financial performance, the company is looking good. Topping the report is its <a href="https://investors.mongodb.com/news-releases/news-release-details/mongodb-inc-announces-fourth-quarter-and-full-year-fiscal-2024">31% year-over-year (YOY)</a> revenue growth, boosted by increased subscription and service revenues.&nbsp;</p>



<p>However, MongoDB&rsquo;s fiscal 2025 outlook was disappointing. The company forecasted revenue growth of roughly 15% at the high end. That is significant because MongoDB is still operating at a net loss, which means a slowdown in top-line growth will make it harder to bring its bottom line up to positive territory.&nbsp;</p>



<p>As other competitors continue to catch up with their offerings, MongoDB will be in a tough spot if it can&rsquo;t try to accelerate growth. Investors should think twice about keeping MongoDB. The stock trades with a <a href="https://www.nasdaq.com/market-activity/stocks/mdb/price-earnings-peg-ratios">-136 forward P/E,</a> and MongoDB is one of the more expensive Nasdaq stocks.&nbsp;</p>



<h2>Ilumina (ILMN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/illumina-ilmn-1600-300x169.jpg" alt="Illumina (ILMN) logo displayed on reddish stone facade building against blue sky background"><div>Source: shutterstock.com/JHVEPhoto</div></div><p>Known for its genome analysis specialty, <strong>Illumina</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/ilmn-stock-quote/"><strong>ILMN</strong></a></span>) is an advanced medical equipment and technology manufacturer that mainly operates in two main segments:</p>



<ul><li><strong>Core Illumina</strong>: offering products and services for research and application using genomic solutions</li>



<li><strong>Grail</strong>: specializing in early cancer detection</li>
</ul><p>The Grail acquisition has significantly impacted the company&rsquo;s price performance. Illumina plans to divest Grail after <a href="https://www.genengnews.com/topics/omics/illumina-to-divest-of-grail-after-appeals-court-defeat/">losing the antitrust lawsuit filed by the FTC.</a> The process should be complete by Q2 &rsquo;24.</p>



<p>The Grail situation severely impacted the company, and it was fined <a href="https://www.cnbc.com/2023/07/12/illumina-hit-with-record-eu-fine-over-grail-deal.html#:~:text=European%20Union%20regulators%20on%20Wednesday,%2Dbased%20Illumina's%20turnover.">EUR 432 million</a> for continuing to merge with Grail before the E.U. Commission&rsquo;s approval.&nbsp;</p>



<p>Meanwhile, Illumina ended its full year with mixed performance. Revenue shrunk by <a href="https://investor.illumina.com/news/press-release-details/2024/Illumina-Reports-Financial-Results-for-Fourth-Quarter-and-Fiscal-Year-2023/default.aspx">2%</a> YOY for FY &rsquo;23. The company also ended with a GAAP diluted loss per share of $7.34 due to the Grail segment.&nbsp;</p>



<p>The company is currently trading at <a href="https://www.nasdaq.com/market-activity/stocks/ilmn">147x its earnings</a> and is expecting FY &rsquo;24 revenue to remain flat, which spells a potentially stunted growth and an incredibly high valuation. With an expensive valuation and the high-risk impact of its Grail segment, Ilumina now ranks as one of the more expensive Nasdaq stocks to sell.&nbsp;</p>



<h2>DoorDash (DASH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/doordash1600-300x169.jpg" alt="Close up of Doordash (DASH) logo and symbol displayed at the entrance to one of their offices"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>DoorDash</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dash-stock-quote/"><strong>DASH</strong></a></span>) is an e-commerce platform that connects restaurants, dashers and consumers into its platform to perform and fulfill orders while customers conveniently skip lines.</p>



<p>While DoorDash offers convenience to its customers&rsquo; ordering process, the company operates in a tight market with intense competition from <strong>Uber Eats</strong>, <strong>Lyft </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lyft-stock-quote/"><strong>LYFT</strong></a></span>) and <strong>Grubhub</strong>.&nbsp;</p>



<p>Looking closer at its financials, DoorDash reported <a href="https://ir.doordash.com/news/news-details/2024/DoorDash-Releases-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">27% revenue growth YOY,</a> an all-time high EBITDA and a 23% YOY increase in total orders.&nbsp;Sounds great, right?</p>



<p>Well, despite the performance, I&rsquo;d look to the company&rsquo;s net loss of $156 million and a <a href="https://www.nasdaq.com/market-activity/stocks/dash">negative $1.43 EPS.</a> Forward PE shows DASH stock to be trading at <a href="https://www.nasdaq.com/market-activity/stocks/dash">673.05x</a> its forward P/E.&nbsp;</p>



<p>Then there&rsquo;s the issue of <a href="https://strategicmanagementinsight.com/swot-analyses/doordash-swot-analysis/#:~:text=Another%20regulatory%20issue%20for%20DoorDash,mileage%20reimbursements%2C%20and%20health%20plans.">reclassifying dashers </a>as full-time employees, making them eligible for overtime pay, minimum wage, health plans and more. These regulations can lower the company&rsquo;s revenue and increase operational costs if passed.&nbsp;</p>



<p>DoorDash&rsquo;s lack of free cash flow and relatively short operating history puts it vulnerable to a sell-off. Add to that the regulatory risks and market headwinds make DoorDash one of the more expensive Nasdaq stocks to sell to avoid taking losses.</p>



<p>&nbsp;<em>On the date of publication, Rick Orford did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines.</em></a></p>
<div><p>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</p></div><h3>More From InvestorPlace</h3>
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Analysts have been eager to weigh in on the Technology sector with new ratings on International Business Machines (IBM – Research Report) and Mongo...