Equities research analysts expect that Mongodb Inc (NASDAQ:MDB) will report earnings per share of ($0.39) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mongodb’s earnings. The highest EPS estimate is ($0.33) and the lowest is ($0.46). Mongodb reported earnings of ($0.43) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.3%. The business is scheduled to report its next quarterly earnings report on Wednesday, June 5th.
According to Zacks, analysts expect that Mongodb will report full year earnings of ($1.34) per share for the current year, with EPS estimates ranging from ($1.55) to ($1.21). For the next financial year, analysts forecast that the company will report earnings of ($0.61) per share, with EPS estimates ranging from ($0.76) to ($0.48). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Mongodb.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.20. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $74.02 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The firm’s revenue was up 84.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.40) EPS.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Canaccord Genuity reissued a “buy” rating and set a $95.00 target price (up previously from $78.00) on shares of Mongodb in a research report on Thursday, December 6th. They noted that the move was a valuation call. KeyCorp reissued an “overweight” rating and set a $150.00 target price (up previously from $100.00) on shares of Mongodb in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $130.00 target price (up previously from $108.00) on shares of Mongodb in a research report on Thursday. Finally, Nomura set a $63.00 target price on shares of Mongodb and gave the company a “sell” rating in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $107.08.
In other news, insider Eliot Horowitz sold 7,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $101.60, for a total value of $721,360.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin P. Ryan sold 24,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $104.30, for a total transaction of $2,503,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 224,607 shares of company stock worth $20,225,910 in the last three months. Insiders own 40.04% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Mongodb by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock valued at $269,000 after buying an additional 124 shares in the last quarter. Pearl River Capital LLC bought a new stake in shares of Mongodb in the 4th quarter valued at about $25,000. Quantamental Technologies LLC bought a new stake in shares of Mongodb in the 4th quarter valued at about $33,000. PNC Financial Services Group Inc. bought a new stake in shares of Mongodb in the 4th quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Mongodb by 11.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,218 shares of the company’s stock valued at $353,000 after buying an additional 427 shares in the last quarter. Institutional investors and hedge funds own 64.66% of the company’s stock.
MDB stock opened at $130.94 on Tuesday. The stock has a market capitalization of $5.62 billion, a P/E ratio of -75.25 and a beta of 0.01. Mongodb has a 12 month low of $32.35 and a 12 month high of $134.40. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.08.
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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