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Analysts forecast that Mongodb Inc (NASDAQ:MDB) will announce earnings of ($0.45) per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Mongodb’s earnings, with estimates ranging from ($0.46) to ($0.45). The business is scheduled to announce its next quarterly earnings results on Wednesday, September 5th.
On average, analysts expect that Mongodb will report full year earnings of ($1.63) per share for the current year, with EPS estimates ranging from ($1.64) to ($1.63). For the next fiscal year, analysts forecast that the company will report earnings of ($1.15) per share, with EPS estimates ranging from ($1.36) to ($1.00). Zacks’ EPS averages are a mean average based on a survey of research firms that cover Mongodb.
Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, June 6th. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The company had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The business’s quarterly revenue was up 48.8% compared to the same quarter last year.
Several analysts have recently commented on MDB shares. Zacks Investment Research upgraded Mongodb from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. Barclays increased their price objective on Mongodb from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. Monness Crespi & Hardt started coverage on Mongodb in a report on Wednesday, April 11th. They set a “buy” rating and a $51.00 price objective for the company. ValuEngine upgraded Mongodb from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, KeyCorp started coverage on Mongodb in a report on Monday, May 14th. They set an “overweight” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Mongodb currently has an average rating of “Buy” and an average target price of $47.00.
Shares of MDB opened at $56.94 on Thursday. Mongodb has a 12 month low of $24.62 and a 12 month high of $59.54. The firm has a market cap of $2.70 billion and a PE ratio of -32.72.
In other news, major shareholder Whale Rock Capital Management bought 450,000 shares of Mongodb stock in a transaction that occurred on Thursday, May 3rd. The stock was bought at an average price of $38.35 per share, for a total transaction of $17,257,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin P. Ryan sold 24,000 shares of the firm’s stock in a transaction on Wednesday, July 11th. The stock was sold at an average price of $52.94, for a total value of $1,270,560.00. The disclosure for this sale can be found here. Insiders sold a total of 156,789 shares of company stock valued at $8,952,336 in the last 90 days. 40.04% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MDB. HBK Investments L P acquired a new stake in Mongodb during the 4th quarter worth about $2,226,000. BlackRock Inc. acquired a new stake in Mongodb during the 4th quarter worth about $10,042,000. Goldman Sachs Group Inc. acquired a new stake in Mongodb during the 4th quarter worth about $4,493,000. Geode Capital Management LLC acquired a new stake in Mongodb during the 4th quarter worth about $2,864,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in Mongodb during the 1st quarter worth about $264,000. Institutional investors own 26.76% of the company’s stock.
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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