MongoDB (NASDAQ:MDB – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, June 1st. Analysts expect MongoDB to post earnings of $0.19 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
MongoDB (NASDAQ:MDB – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.20. The company had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. On average, analysts expect MongoDB to post $-4 EPS for the current fiscal year and $-4 EPS for the next fiscal year.
MongoDB Trading Up 1.7 %
MDB opened at $277.58 on Thursday. The stock has a market cap of $19.44 billion, a PE ratio of -55.08 and a beta of 1.06. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.54. The business has a 50 day moving average of $234.19 and a 200-day moving average of $207.48. MongoDB has a 52 week low of $135.15 and a 52 week high of $390.84.
Analysts Set New Price Targets
A number of brokerages have issued reports on MDB. Sanford C. Bernstein began coverage on MongoDB in a research note on Friday, February 17th. They set an “outperform” rating and a $282.00 price objective for the company. Tigress Financial reiterated a “buy” rating and set a $365.00 price objective on shares of MongoDB in a research note on Thursday, April 20th. Citigroup lowered their price objective on MongoDB from $300.00 to $295.00 and set a “buy” rating for the company in a research note on Tuesday, March 7th. JMP Securities lifted their price objective on MongoDB from $215.00 to $245.00 and gave the company a “market outperform” rating in a research note on Thursday, March 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $235.00 price target on shares of MongoDB in a research note on Thursday, March 9th. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $257.00.
Insider Buying and Selling
In other MongoDB news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the sale, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 14,095 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total transaction of $2,916,960.25. Following the completion of the sale, the director now owns 1,227,954 shares of the company’s stock, valued at $254,125,080.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders sold 135,108 shares of company stock valued at $30,127,927 over the last 90 days. Company insiders own 4.80% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth about $29,000. Clear Street Markets LLC purchased a new stake in shares of MongoDB in the fourth quarter worth about $39,000. First Horizon Advisors Inc. lifted its position in shares of MongoDB by 29.5% in the first quarter. First Horizon Advisors Inc. now owns 228 shares of the company’s stock worth $53,000 after buying an additional 52 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of MongoDB by 287.2% in the first quarter. Meeder Asset Management Inc. now owns 364 shares of the company’s stock worth $85,000 after buying an additional 270 shares in the last quarter. Finally, Ossiam lifted its position in shares of MongoDB by 29.8% in the first quarter. Ossiam now owns 531 shares of the company’s stock worth $124,000 after buying an additional 122 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.