Equities research analysts expect Mongodb Inc (NASDAQ:MDB) to announce ($0.46) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mongodb’s earnings, with estimates ranging from ($0.47) to ($0.44). Mongodb reported earnings of ($0.26) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 76.9%. The company is expected to report its next quarterly earnings report on Monday, December 14th.
On average, analysts expect that Mongodb will report full year earnings of ($1.24) per share for the current fiscal year, with EPS estimates ranging from ($1.27) to ($1.21). For the next year, analysts forecast that the company will post earnings of ($0.95) per share, with EPS estimates ranging from ($1.29) to ($0.59). Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mongodb.
Mongodb (NASDAQ:MDB) last released its earnings results on Wednesday, September 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.18. The company had revenue of $138.30 million for the quarter, compared to analyst estimates of $126.83 million. Mongodb had a negative return on equity of 156.29% and a negative net margin of 44.55%. Mongodb’s quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.26) EPS.
Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of Mongodb from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd. They noted that the move was a valuation call. Needham & Company LLC raised their target price on shares of Mongodb from $259.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Citigroup raised their target price on shares of Mongodb from $275.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Oppenheimer raised their target price on shares of Mongodb from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Finally, Stifel Nicolaus raised their target price on shares of Mongodb from $225.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Mongodb currently has an average rating of “Hold” and an average price target of $248.31.
Shares of Mongodb stock opened at $211.03 on Thursday. The company has a quick ratio of 4.37, a current ratio of 4.37 and a debt-to-equity ratio of 20.23. Mongodb has a 12-month low of $93.81 and a 12-month high of $258.05. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of -54.25 and a beta of 0.64. The firm’s 50-day moving average price is $213.90 and its two-hundred day moving average price is $187.35.
In related news, CRO Cedric Pech sold 2,201 shares of Mongodb stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $206.50, for a total transaction of $454,506.50. Following the sale, the executive now directly owns 43,310 shares in the company, valued at approximately $8,943,515. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 20,000 shares of Mongodb stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $215.28, for a total transaction of $4,305,600.00. Following the sale, the chief financial officer now owns 133,634 shares in the company, valued at $28,768,727.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,272 shares of company stock worth $16,812,611. 16.28% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Mongodb by 69.4% in the 2nd quarter. Signaturefd LLC now owns 183 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the period. Financial Architects Inc acquired a new position in shares of Mongodb in the 1st quarter worth approximately $27,000. Dupont Capital Management Corp acquired a new position in shares of Mongodb in the 2nd quarter worth approximately $51,000. Exchange Traded Concepts LLC acquired a new position in shares of Mongodb in the 2nd quarter worth approximately $61,000. Finally, Pearl River Capital LLC acquired a new position in shares of Mongodb in the 1st quarter worth approximately $53,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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