Wall Street analysts expect that Mongodb Inc (NASDAQ:MDB) will announce $59.62 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Mongodb’s earnings, with estimates ranging from $59.30 million to $59.80 million. Mongodb reported sales of $41.49 million during the same quarter last year, which would suggest a positive year over year growth rate of 43.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, December 11th.
According to Zacks, analysts expect that Mongodb will report full year sales of $229.59 million for the current financial year, with estimates ranging from $229.21 million to $229.90 million. For the next year, analysts anticipate that the company will report sales of $314.73 million, with estimates ranging from $303.46 million to $327.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Mongodb.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.04. The company had revenue of $57.50 million during the quarter, compared to analyst estimates of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The company’s revenue was up 61.5% on a year-over-year basis.
Several equities research analysts recently commented on the stock. DA Davidson assumed coverage on shares of Mongodb in a report on Tuesday, October 2nd. They issued a “neutral” rating and a $80.00 price target for the company. Nomura lowered shares of Mongodb from a “neutral” rating to a “reduce” rating and boosted their price target for the stock from $43.00 to $63.00 in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Barclays boosted their price target on shares of Mongodb from $79.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. They noted that the move was a valuation call. BTIG Research assumed coverage on shares of Mongodb in a report on Wednesday, September 12th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research lowered shares of Mongodb from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.62.
NASDAQ MDB traded up $1.59 on Monday, hitting $64.69. The company had a trading volume of 1,071,553 shares, compared to its average volume of 762,312. The firm has a market cap of $4.26 billion and a PE ratio of -37.18. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.74 and a current ratio of 3.74. Mongodb has a 12-month low of $24.62 and a 12-month high of $85.25.
In other news, CEO Dev Ittycheria sold 21,617 shares of the company’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $79.54, for a total transaction of $1,719,416.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Bull sold 5,069 shares of the company’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $75.72, for a total transaction of $383,824.68. The disclosure for this sale can be found here. Insiders have sold 292,683 shares of company stock valued at $23,132,605 in the last ninety days. Insiders own 40.04% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Spence Asset Management acquired a new position in shares of Mongodb during the 3rd quarter valued at about $6,583,000. Northern Trust Corp boosted its position in shares of Mongodb by 184.1% during the 2nd quarter. Northern Trust Corp now owns 55,895 shares of the company’s stock valued at $2,774,000 after acquiring an additional 36,223 shares during the last quarter. FMR LLC boosted its position in shares of Mongodb by 7,986.7% during the 2nd quarter. FMR LLC now owns 2,268,485 shares of the company’s stock valued at $112,585,000 after acquiring an additional 2,240,433 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Mongodb during the 2nd quarter valued at about $19,848,000. Finally, Verition Fund Management LLC acquired a new position in shares of Mongodb during the 2nd quarter valued at about $616,000. 41.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
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