Wall Street analysts expect that Mongodb Inc (NASDAQ:MDB) will post ($0.25) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mongodb’s earnings. Mongodb posted earnings of ($0.26) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.8%. The firm is scheduled to report its next earnings results on Wednesday, September 2nd.
According to Zacks, analysts expect that Mongodb will report full-year earnings of ($1.27) per share for the current financial year, with EPS estimates ranging from ($1.32) to ($1.22). For the next fiscal year, analysts forecast that the business will report earnings of ($0.88) per share, with EPS estimates ranging from ($1.03) to ($0.63). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Mongodb.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, June 4th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.12. Mongodb had a negative net margin of 42.42% and a negative return on equity of 94.98%. The firm had revenue of $130.33 million for the quarter, compared to analysts’ expectations of $119.72 million. During the same period in the previous year, the business earned ($0.22) earnings per share. Mongodb’s revenue for the quarter was up 45.8% compared to the same quarter last year.
Several equities research analysts have commented on MDB shares. BidaskClub cut shares of Mongodb from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Citigroup boosted their price objective on Mongodb from $175.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Oppenheimer restated a “buy” rating and set a $240.00 price objective (up previously from $140.00) on shares of Mongodb in a report on Friday, June 5th. ValuEngine downgraded Mongodb from a “buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Zacks Investment Research downgraded Mongodb from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $206.87.
Mongodb stock traded up $0.50 during midday trading on Friday, hitting $229.08. The company’s stock had a trading volume of 563,744 shares, compared to its average volume of 719,530. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 15.11. The stock’s 50-day moving average price is $214.59 and its 200-day moving average price is $175.30. Mongodb has a 12 month low of $93.81 and a 12 month high of $243.92. The company has a market capitalization of $13.32 billion, a PE ratio of -66.21 and a beta of 0.76.
In related news, CFO Michael Lawrence Gordon sold 4,998 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $222.88, for a total value of $1,113,954.24. Following the completion of the sale, the chief financial officer now owns 113,739 shares of the company’s stock, valued at approximately $25,350,148.32. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $235.00, for a total value of $5,405,000.00. Following the completion of the sale, the chief executive officer now directly owns 264,167 shares of the company’s stock, valued at approximately $62,079,245. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,571 shares of company stock worth $27,098,149. Company insiders own 16.28% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank grew its stake in shares of Mongodb by 131.1% in the 2nd quarter. Comerica Bank now owns 3,515 shares of the company’s stock valued at $762,000 after buying an additional 1,994 shares in the last quarter. Prudential PLC bought a new stake in shares of Mongodb in the 2nd quarter valued at approximately $1,504,000. UBS Group AG boosted its position in Mongodb by 35.4% during the second quarter. UBS Group AG now owns 38,199 shares of the company’s stock worth $8,646,000 after purchasing an additional 9,989 shares during the period. LA Financiere DE L Echiquier boosted its position in Mongodb by 68.1% during the second quarter. LA Financiere DE L Echiquier now owns 71,000 shares of the company’s stock worth $16,070,000 after purchasing an additional 28,760 shares during the period. Finally, Signaturefd LLC boosted its position in Mongodb by 69.4% during the second quarter. Signaturefd LLC now owns 183 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the period. 84.67% of the stock is owned by institutional investors and hedge funds.
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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