Mongodb Inc (MDB) Expected to Announce Earnings of -$0.40 Per Share

Wall Street brokerages expect Mongodb Inc (NASDAQ:MDB) to post ($0.40) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mongodb’s earnings, with the lowest EPS estimate coming in at ($0.41) and the highest estimate coming in at ($0.40). Mongodb posted earnings per share of ($0.44) in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.1%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, December 4th.

According to Zacks, analysts expect that Mongodb will report full-year earnings of ($1.62) per share for the current year, with EPS estimates ranging from ($1.64) to ($1.62). For the next year, analysts expect that the firm will post earnings of ($1.24) per share, with EPS estimates ranging from ($1.36) to ($1.12). Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Mongodb.

Mongodb (NASDAQ:MDB) last released its earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. The firm had revenue of $57.50 million during the quarter, compared to analysts’ expectations of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. Mongodb’s revenue was up 61.5% compared to the same quarter last year.

MDB has been the subject of a number of research reports. Monness Crespi & Hardt upped their price target on shares of Mongodb from $60.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Canaccord Genuity upped their target price on shares of Mongodb from $54.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Stifel Nicolaus upped their target price on shares of Mongodb from $53.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Needham & Company LLC boosted their price objective on shares of Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Finally, Morgan Stanley boosted their price objective on shares of Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Mongodb has an average rating of “Buy” and a consensus price target of $77.92.

In other news, CEO Dev Ittycheria sold 63,600 shares of Mongodb stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Meagen Eisenberg sold 46,250 shares of Mongodb stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $72.44, for a total transaction of $3,350,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 336,283 shares of company stock valued at $26,869,879 over the last three months. 40.04% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Mongodb by 106.7% in the third quarter. FMR LLC now owns 4,688,216 shares of the company’s stock valued at $382,324,000 after buying an additional 2,419,731 shares in the last quarter. Whale Rock Capital Management LLC raised its position in Mongodb by 587.8% during the second quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock worth $190,096,000 after acquiring an additional 3,273,409 shares in the last quarter. Vanguard Group Inc. raised its position in Mongodb by 3.6% during the third quarter. Vanguard Group Inc. now owns 1,683,561 shares of the company’s stock worth $137,294,000 after acquiring an additional 58,398 shares in the last quarter. Capital World Investors raised its position in Mongodb by 8.1% during the third quarter. Capital World Investors now owns 1,670,188 shares of the company’s stock worth $136,204,000 after acquiring an additional 125,000 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Mongodb by 2.2% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,464,148 shares of the company’s stock worth $72,666,000 after acquiring an additional 31,340 shares in the last quarter. 48.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MDB opened at $76.12 on Friday. Mongodb has a 52-week low of $24.62 and a 52-week high of $85.78. The firm has a market cap of $3.86 billion and a PE ratio of -43.75. 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 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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