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MongoDB (MDB)



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Upturn Advisory Summary
04/01/2025: MDB (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -30.75% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 14.63B USD | Price to earnings Ratio - | 1Y Target Price 295.12 |
Price to earnings Ratio - | 1Y Target Price 295.12 | ||
Volume (30-day avg) 2680645 | Beta 1.3 | 52 Weeks Range 170.66 - 387.19 | Updated Date 04/2/2025 |
52 Weeks Range 170.66 - 387.19 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.73 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-05 | When Before Market | Estimate 0.67 | Actual 1.28 |
Profitability
Profit Margin -6.43% | Operating Margin (TTM) -3.39% |
Management Effectiveness
Return on Assets (TTM) -4.29% | Return on Equity (TTM) -6.7% |
Valuation
Trailing PE - | Forward PE 68.49 | Enterprise Value 12038476162 | Price to Sales(TTM) 7.29 |
Enterprise Value 12038476162 | Price to Sales(TTM) 7.29 | ||
Enterprise Value to Revenue 6 | Enterprise Value to EBITDA -56.29 | Shares Outstanding 81187696 | Shares Floating 78781261 |
Shares Outstanding 81187696 | Shares Floating 78781261 | ||
Percent Insiders 2.95 | Percent Institutions 85.78 |
Analyst Ratings
Rating 4.25 | Target Price 374.78 | Buy 9 | Strong Buy 19 |
Buy 9 | Strong Buy 19 | ||
Hold 7 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
MongoDB

Company Overview
History and Background
MongoDB, founded in 2007, emerged from DoubleClick's backend needs. It officially launched in 2009, pioneering the NoSQL database movement to handle unstructured data better than traditional relational databases. Over time, it evolved into a comprehensive data platform.
Core Business Areas
- MongoDB Atlas: Cloud-based database as a service (DBaaS) offering, providing a fully managed MongoDB experience across various cloud providers.
- MongoDB Enterprise Advanced: Self-managed, on-premise database platform with advanced security, governance, and support features.
- Professional Services: Consulting, training, and support services to help customers effectively use and manage MongoDB.
Leadership and Structure
Dev Ittycheria serves as President and CEO. The company has a structured organizational hierarchy, with teams focused on engineering, sales, marketing, and customer success.
Top Products and Market Share
Key Offerings
- Competitors: AWS DynamoDB, Azure Cosmos DB, Google Cloud Spanner
- MongoDB Atlas: Cloud DBaaS, offering scalability, security, and ease of use. Competitors include AWS DynamoDB, Azure Cosmos DB, and Google Cloud Spanner. MongoDB Atlas reached $1.41 Billion in revenue in FY24 representing about 66% of total revenue. Market share is growing in the NoSQL DBaaS space.
- Competitors: Oracle, Microsoft SQL Server, IBM Db2
- MongoDB Enterprise Advanced: Self-managed database, providing control and customization options. Competitors include Oracle, Microsoft SQL Server, and IBM Db2.
Market Dynamics
Industry Overview
The database market is undergoing a shift towards cloud-based solutions and NoSQL databases. Data volume and velocity are increasing, driving demand for flexible and scalable databases.
Positioning
MongoDB is a leader in the NoSQL database market, known for its developer-friendliness, scalability, and document-oriented data model. It competes with both traditional relational databases and other NoSQL vendors.
Total Addressable Market (TAM)
The database market is estimated to be $80+ billion, MongoDB is strongly positioned to capture a significant portion with cloud products.
Upturn SWOT Analysis
Strengths
- Developer-friendly
- Scalable architecture
- Flexible data model
- Strong community support
- Cloud-native offering (Atlas)
Weaknesses
- Relatively higher cost than some open-source alternatives
- Perception of complexity in advanced configurations
- Reliance on cloud infrastructure for Atlas
- Security concerns with NoSQL databases
Opportunities
- Expansion into new industries and use cases
- Growing demand for cloud-based databases
- Integration with emerging technologies like AI and machine learning
- Further development of Atlas platform
- Increased adoption in enterprise environments
Threats
- Competition from established database vendors
- Emergence of new database technologies
- Economic downturn affecting IT spending
- Security vulnerabilities and data breaches
- Vendor lock-in concerns with cloud providers
Competitors and Market Share
Key Competitors
- AMZN
- MSFT
- ORCL
- SNOW
Competitive Landscape
MongoDB competes with cloud providers' database services and traditional vendors. Strengths include developer adoption and NoSQL capabilities, but they are playing catchup in the cloud provider's native capabilities
Major Acquisitions
Realm
- Year: 2019
- Acquisition Price (USD millions):
- Strategic Rationale: To enhance its mobile development capabilities and provide developers with a seamless mobile database solution.
Growth Trajectory and Initiatives
Historical Growth: MongoDB has experienced rapid growth in revenue, driven by the adoption of its Atlas cloud platform and enterprise solutions.
Future Projections: Analysts expect MongoDB to continue its growth trajectory, with revenue increasing significantly. Growth is expected to come from cloud services.
Recent Initiatives: Focus on AI integration, expanding cloud partnerships, and enhancing the developer experience are key initiatives.
Summary
MongoDB is a strong player in the NoSQL database market, particularly with its Atlas cloud offering. Its developer-friendly approach and scalable architecture are working well. The company should be cautious regarding economic conditions, increased competition, and vulnerabilities in the cloud.
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Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Industry publications
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market share data may vary based on source and methodology. Financial data is based on publicly available information and is subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MongoDB
Exchange NASDAQ | Headquaters New York, NY, United States | ||
IPO Launch date 2017-10-19 | President, CEO & Director Mr. Dev C. Ittycheria | ||
Sector Technology | Industry Software - Infrastructure | Full time employees 5558 | Website https://www.mongodb.com |
Full time employees 5558 | Website https://www.mongodb.com |
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It offers 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.
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