$265.31 Million in Sales Expected for MongoDB, Inc. (NASDAQ:MDB) This Quarter

Wall Street brokerages predict that MongoDB, Inc. (NASDAQ:MDB – Get Rating) will report sales of $265.31 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for MongoDB’s earnings, with the lowest sales estimate coming in at $265.00 million and the highest estimate coming in at $265.97 million. MongoDB reported sales of $181.65 million in the same quarter last year, which indicates a positive year over year growth rate of 46.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that MongoDB will report full-year sales of $1.17 billion for the current fiscal year, with estimates ranging from $1.17 billion to $1.18 billion. For the next financial year, analysts expect that the business will report sales of $1.52 billion, with estimates ranging from $1.48 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover MongoDB.

MongoDB (NASDAQ:MDB – Get Rating) last announced its earnings results on Tuesday, March 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($1.26) by $1.17. MongoDB had a negative net margin of 35.12% and a negative return on equity of 66.70%. The firm had revenue of $266.50 million during the quarter, compared to the consensus estimate of $243.42 million. During the same quarter in the previous year, the company posted ($1.01) EPS. The firm’s revenue for the quarter was up 55.8% on a year-over-year basis.

A number of research analysts have recently commented on MDB shares. Stifel Nicolaus dropped their price objective on shares of MongoDB from $550.00 to $425.00 in a research note on Wednesday, March 9th. UBS Group raised shares of MongoDB from a “neutral” rating to a “buy” rating and upped their price objective for the company from $345.00 to $450.00 in a research note on Friday, March 18th. Mizuho dropped their price objective on shares of MongoDB from $400.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, March 9th. Canaccord Genuity Group dropped their price objective on shares of MongoDB from $560.00 to $400.00 in a research note on Wednesday, March 9th. Finally, Credit Suisse Group dropped their price objective on shares of MongoDB from $700.00 to $650.00 and set an “outperform” rating for the company in a research note on Wednesday, March 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Buy” and an average target price of $496.72.

Shares of MDB stock opened at $407.01 on Thursday. The firm has a 50-day moving average price of $390.76 and a 200 day moving average price of $449.40. MongoDB has a twelve month low of $238.01 and a twelve month high of $590.00. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of -85.87 and a beta of 0.84. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70.

In other MongoDB news, CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $412.38, for a total value of $14,433,300.00. Following the completion of the transaction, the chief executive officer now owns 204,744 shares in the company, valued at approximately $84,432,330.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Bull sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $444.14, for a total value of $1,110,350.00. Following the completion of the transaction, the insider now owns 17,904 shares of the company’s stock, valued at approximately $7,951,882.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,833 shares of company stock valued at $57,329,693. 7.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp boosted its stake in shares of MongoDB by 22.4% during the 3rd quarter. Truist Financial Corp now owns 3,026 shares of the company’s stock valued at $1,427,000 after buying an additional 553 shares during the last quarter. BOKF NA purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $1,099,000. Kornitzer Capital Management Inc. KS purchased a new position in shares of MongoDB during the 4th quarter valued at approximately $675,000. Steel Peak Wealth Management LLC boosted its stake in shares of MongoDB by 19.0% during the 4th quarter. Steel Peak Wealth Management LLC now owns 1,092 shares of the company’s stock valued at $578,000 after buying an additional 174 shares during the last quarter. Finally, Tealwood Asset Management Inc. purchased a new position in shares of MongoDB during the 3rd quarter valued at approximately $214,000. Hedge funds and other institutional investors own 89.57% of the company’s stock.

MongoDB Company Profile (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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