Notable Stock to Watch: MongoDB (NASDAQ:MDB)

 MongoDB (NASDAQ:MDB) stock identified change of 154.68% away from 52-week low price and recently located move of -14.14% off 52-week high price. It has market worth of $8896.07M. MDB stock has been recorded 5.60% away from 50 day moving average and 28.68% away from 200 day moving average. Moving closer, we can see that shares have been trading 9.10% off 20-day moving average.

 On Sept. 04, 2019, MongoDB (NASDAQ:MDB) the leading, modern, general purpose database platform, reported it has appointed Archana Agrawal to the company’s Board of Directors. Agrawal is a veteran tech executive with more than 16 years of experience and currently is Head of Enterprise and Cloud Marketing for Atlassian (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, where she heads global marketing for all products.

Prior to her current role, Agrawal served as Atlassian’s Head of Data Science and Growth Marketing, where she helped build and scale the analytics capabilities for the company’s high-velocity, low-friction, online distribution model. Previously, Agrawal was at TheLadders, where she led corporate-wide analytics. She began her career at the IBM Almaden Research Center.

Given Archana’s background, she understands complex technologies, knows how developers think and operate, and, most importantly, is familiar with using modern marketing technologies and techniques to scale a high-growth company, said Dev Ittycheria, President & CEO of MongoDB. We are looking forward to leveraging Archana’s expertise as we continue to build our business globally and focus on making developers’ lives easier by providing the best way to work with data.

MongoDB’s superior database enables developers around the world to build better applications faster. It’s exciting to see the culture of innovation, transformative technology, and a world-class team come together, said Agrawal. I am honored to join the board and excited to help build on MongoDB’s momentum and contribute to its continued success.

 The Technology sector company, MongoDB noticed change of 5.82% to $158.66 along volume of 3109659 shares in recent session compared to an average volume of 1523.27K. The stock observed return of 5.63% in 5 days trading activity. The stock was at 16.76% over one month performance. MDB’s shares are at 6.58% for the quarter and driving a 120.48% return over the course of the past year and is now at 89.47% since this point in 2018. 

 The average volatility for the week at 5.87% and for month was at 4.80%. There are 56.07M shares outstanding and 41.46M. 

Christian Nguyen is a freelance journalist with more than 5 years’ experience of reporting on the global stock market industry. Since graduating with a finance degree from the University of York, Christian has written for numerous business publications. Christian loves classical music and traveling in his spare time. He reports for Technology section.

You can contact him at Christian@technologymalt.com.

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