MongoDB (MDB) Set to Announce Quarterly Earnings on Wednesday

MongoDB (NASDAQ:MDBGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, June 1st. Analysts expect the company to announce earnings of ($1.34) per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

MongoDB (NASDAQ:MDBGet Rating) last announced its quarterly earnings results on Tuesday, March 8th. The company reported ($1.20) EPS for the quarter, topping the consensus estimate of ($1.25) by $0.05. The company had revenue of $266.50 million during the quarter, compared to analyst estimates of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The firm’s revenue was up 55.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.01) earnings per share. On average, analysts expect MongoDB to post $-5 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Shares of NASDAQ:MDB opened at $223.61 on Wednesday. The firm has a market capitalization of $15.11 billion, a PE ratio of -47.18 and a beta of 0.98. The company has a debt-to-equity ratio of 1.70, a current ratio of 4.02 and a quick ratio of 4.02. The business has a 50-day moving average of $361.63 and a two-hundred day moving average of $416.41. MongoDB has a 12 month low of $217.82 and a 12 month high of $590.00.

MDB has been the subject of a number of recent research reports. Royal Bank of Canada initiated coverage on MongoDB in a research note on Tuesday, March 1st. They issued an “outperform” rating and a $505.00 target price for the company. Needham & Company LLC lowered their target price on MongoDB from $626.00 to $362.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Stifel Nicolaus lowered their target price on MongoDB from $550.00 to $425.00 in a research note on Wednesday, March 9th. Tigress Financial initiated coverage on MongoDB in a research note on Friday, February 11th. They issued a “buy” rating and a $630.00 target price for the company. Finally, Credit Suisse Group lowered their target price on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $483.83.

In other MongoDB news, insider Thomas Bull sold 2,500 shares of the stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $444.14, for a total transaction of $1,110,350.00. Following the transaction, the insider now owns 17,904 shares of the company’s stock, valued at approximately $7,951,882.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Cedric Pech sold 309 shares of the stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $443.77, for a total value of $137,124.93. Following the transaction, the executive now directly owns 46,135 shares in the company, valued at approximately $20,473,328.95. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,475 shares of company stock worth $43,717,816. 7.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. State Street Corp lifted its holdings in shares of MongoDB by 0.6% in the 1st quarter. State Street Corp now owns 1,343,657 shares of the company’s stock worth $596,033,000 after purchasing an additional 7,389 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of MongoDB by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 672,545 shares of the company’s stock worth $298,334,000 after purchasing an additional 140,260 shares during the last quarter. Altimeter Capital Management LP lifted its holdings in shares of MongoDB by 23.2% in the 1st quarter. Altimeter Capital Management LP now owns 308,000 shares of the company’s stock worth $136,626,000 after purchasing an additional 58,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB by 2.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 206,131 shares of the company’s stock worth $91,438,000 after purchasing an additional 5,813 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also

Earnings History for MongoDB (NASDAQ:MDB)

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