Mongodb (NASDAQ:MDB) Announces Quarterly Earnings Results

Mongodb (NASDAQ:MDB) announced its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.03, Fidelity Earnings reports. The firm had revenue of $123.50 million for the quarter, compared to analyst estimates of $110.66 million. Mongodb had a negative net margin of 41.62% and a negative return on equity of 55.94%. The business’s revenue was up 48.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. Mongodb updated its Q1 2021
After-Hours guidance to -0.25–0.22 EPS and its FY 2021
After-Hours guidance to -1.4–1.23 EPS.

Mongodb stock opened at $122.18 on Friday. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.08. Mongodb has a 1-year low of $93.81 and a 1-year high of $184.78. The company has a fifty day simple moving average of $153.31 and a 200 day simple moving average of $139.58. The company has a market cap of $6.00 billion, a P/E ratio of -39.04 and a beta of 0.26.

In other Mongodb news, Director Charles M. Hazard, Jr. sold 1,666 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $133.10, for a total value of $221,744.60. Following the completion of the transaction, the director now directly owns 104,007 shares in the company, valued at $13,843,331.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael Lawrence Gordon sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $134.19, for a total value of $1,341,900.00. Following the completion of the transaction, the chief financial officer now owns 109,773 shares of the company’s stock, valued at $14,730,438.87. The disclosure for this sale can be found here. Insiders sold a total of 205,727 shares of company stock worth $30,837,031 over the last quarter. Company insiders own 40.04% of the company’s stock.

MDB has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Mongodb from $160.00 to $171.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. ValuEngine raised shares of Mongodb from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler lowered their target price on Mongodb in a report on Wednesday. Stifel Nicolaus dropped their price target on Mongodb from $185.00 to $135.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Monness Crespi & Hardt dropped their price target on Mongodb from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $151.62.

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.

Read More: What does EPS mean?

Earnings History for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.