Mongodb (MDB) Issues Earnings Results, Beats Estimates By $0.20 EPS

Mongodb (NASDAQ:MDB) posted its quarterly earnings data on Wednesday. The company reported ($0.36) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.20, Morningstar.com reports. Mongodb had a negative return on equity of 54.80% and a negative net margin of 54.74%. The company had revenue of $83.10 million during the quarter, compared to analyst estimates of $74.02 million. During the same quarter last year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis.

Shares of MDB traded up $29.27 during trading hours on Thursday, hitting $133.53. The stock had a trading volume of 259,475 shares, compared to its average volume of 1,016,254. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.41 and a quick ratio of 3.41. Mongodb has a 12 month low of $32.35 and a 12 month high of $109.97. The firm has a market capitalization of $5.62 billion, a P/E ratio of -76.65 and a beta of 0.01.

In related news, insider Meagen Eisenberg sold 50,625 shares of Mongodb stock in a transaction on Wednesday, December 19th. The stock was sold at an average price of $88.06, for a total value of $4,458,037.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Bull sold 754 shares of Mongodb stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $81.36, for a total value of $61,345.44. The disclosure for this sale can be found here. Insiders sold 224,607 shares of company stock valued at $20,225,910 in the last ninety days. 40.04% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Northern Trust Corp lifted its position in Mongodb by 184.1% during the second quarter. Northern Trust Corp now owns 55,895 shares of the company’s stock valued at $2,774,000 after purchasing an additional 36,223 shares in the last quarter. Private Advisor Group LLC purchased a new position in Mongodb during the third quarter valued at $216,000. Wells Fargo & Company MN lifted its position in Mongodb by 1.4% during the third quarter. Wells Fargo & Company MN now owns 739,290 shares of the company’s stock valued at $60,288,000 after purchasing an additional 10,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Mongodb during the third quarter valued at $252,000. Finally, SG Americas Securities LLC purchased a new position in Mongodb during the third quarter valued at $423,000. Institutional investors own 64.66% of the company’s stock.

A number of analysts have commented on MDB shares. Needham & Company LLC lifted their target price on Mongodb from $85.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. Canaccord Genuity reissued a “buy” rating and issued a $95.00 target price (up previously from $78.00) on shares of Mongodb in a report on Thursday, December 6th. They noted that the move was a valuation call. Monness Crespi & Hardt lifted their target price on Mongodb from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. Finally, Zacks Investment Research raised Mongodb from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Friday, January 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $106.38.

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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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Earnings History for Mongodb (NASDAQ:MDB)

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