MongoDB (MDB) Projected to Post Earnings on Wednesday

MongoDB (NASDAQ:MDB) will likely be posting its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect MongoDB to post earnings of $0.64 per share and revenue of $519.65 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share. On average, analysts expect MongoDB to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

MongoDB Price Performance

Shares of MongoDB stock opened at $259.71 on Wednesday. The firm’s fifty day simple moving average is $261.74 and its 200-day simple moving average is $274.54. MongoDB has a 12 month low of $212.74 and a 12 month high of $459.27. The stock has a market capitalization of $19.34 billion, a price-to-earnings ratio of -94.78 and a beta of 1.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MDB shares. Mizuho upped their target price on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Macquarie assumed coverage on MongoDB in a research note on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Scotiabank decreased their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Rosenblatt Securities assumed coverage on MongoDB in a report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $361.00.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 2,581 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $604,186.29. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at $50,866,352.46. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 41,979 shares of company stock worth $11,265,417. 3.60% of the stock is owned by corporate insiders.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.