Mongodb (MDB) Releases Earnings Results, Beats Estimates By $0.20 EPS

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Mongodb (NASDAQ:MDB) posted its quarterly earnings results on Wednesday. The company reported ($0.36) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.20, Morningstar.com reports. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The business had revenue of $83.10 million for the quarter, compared to the consensus estimate of $74.02 million. During the same period in the prior year, the business posted ($0.40) earnings per share. Mongodb’s revenue for the quarter was up 84.7% compared to the same quarter last year.

MDB stock opened at $130.94 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.41 and a quick ratio of 3.41. Mongodb has a 52-week low of $32.35 and a 52-week high of $134.40. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of -75.25 and a beta of 0.01.

In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $104.30, for a total transaction of $2,503,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas Bull sold 754 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $81.36, for a total transaction of $61,345.44. The disclosure for this sale can be found here. Insiders have sold 224,607 shares of company stock valued at $20,225,910 over the last 90 days. Corporate insiders own 40.04% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Pearl River Capital LLC bought a new stake in Mongodb during the fourth quarter valued at about $25,000. Quantamental Technologies LLC bought a new stake in Mongodb during the fourth quarter valued at about $33,000. Oregon Public Employees Retirement Fund bought a new stake in Mongodb during the fourth quarter valued at about $33,000. PNC Financial Services Group Inc. bought a new stake in Mongodb during the fourth quarter valued at about $34,000. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of Mongodb by 17,133.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock valued at $43,000 after buying an additional 514 shares during the period. Institutional investors own 64.66% of the company’s stock.

MDB has been the topic of several analyst reports. Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research report on Friday, January 11th. Needham & Company LLC reissued a “buy” rating and set a $108.00 target price (up from $91.00) on shares of Mongodb in a research report on Thursday, February 28th. Canaccord Genuity reissued a “buy” rating and set a $95.00 target price (up from $78.00) on shares of Mongodb in a research report on Thursday, December 6th. They noted that the move was a valuation call. Finally, Citigroup increased their target price on shares of Mongodb from $86.00 to $94.00 and gave the stock a “neutral” rating in a research report on Thursday, December 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $107.08.

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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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Earnings History for Mongodb (NASDAQ:MDB)

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