Mongodb (MDB) Updates FY19 Earnings Guidance

Mongodb (NASDAQ:MDB) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($1.53-1.52) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($1.63). The company issued revenue guidance of $243.7-244.7 million, compared to the consensus revenue estimate of $230.63 million.Mongodb also updated its FY 2019 guidance to $-1.53–1.52 EPS.

MDB stock traded down $1.02 during midday trading on Thursday, hitting $82.72. The stock had a trading volume of 879,617 shares, compared to its average volume of 1,361,796. The stock has a market cap of $4.37 billion, a P/E ratio of -47.54 and a beta of -0.64. Mongodb has a 52 week low of $24.62 and a 52 week high of $88.27. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 3.74.

Mongodb (NASDAQ:MDB) last issued its earnings results on Tuesday, December 4th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.26. The firm had revenue of $65.00 million during the quarter, compared to analysts’ expectations of $60.26 million. Mongodb had a negative return on equity of 55.21% and a negative net margin of 54.74%. Mongodb’s quarterly revenue was up 56.6% compared to the same quarter last year. During the same period last year, the business earned ($0.44) earnings per share. Equities research analysts anticipate that Mongodb will post -2.27 EPS for the current year.

Several research analysts recently commented on MDB shares. Monness Crespi & Hardt raised their target price on Mongodb from $60.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Stifel Nicolaus raised their target price on Mongodb from $53.00 to $80.00 and gave the stock a buy rating in a research report on Thursday, September 6th. Barclays raised their target price on Mongodb from $57.00 to $72.00 and gave the stock an overweight rating in a research report on Wednesday, August 15th. Zacks Investment Research cut Mongodb from a hold rating to a sell rating in a research report on Wednesday, September 12th. Finally, Needham & Company LLC raised their target price on Mongodb from $85.00 to $91.00 and gave the stock a buy rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $81.85.

In other Mongodb news, major shareholder Whale Rock Capital Management sold 683,871 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $82.39, for a total transaction of $56,344,131.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 63,600 shares of the stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $84.11, for a total value of $5,349,396.00. The disclosure for this sale can be found here. Insiders have sold 973,904 shares of company stock valued at $79,863,660 over the last quarter. Corporate insiders own 40.04% of the company’s stock.

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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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