Mongodb (MDB) to Release Earnings on Tuesday

Mongodb (NASDAQ:MDB) will issue its quarterly earnings data after the market closes on Tuesday, December 4th. Analysts expect the company to announce earnings of ($0.56) per share for the quarter. Mongodb has set its Q3 guidance at ($0.40-0.38) EPS and its FY19 guidance at ($1.66-1.62) EPS.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.45) by $0.04. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The business had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $51.75 million. The company’s revenue for the quarter was up 61.5% compared to the same quarter last year. On average, analysts expect Mongodb to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

MDB stock opened at $82.90 on Monday. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01. Mongodb has a twelve month low of $24.62 and a twelve month high of $85.78. The firm has a market cap of $4.33 billion and a price-to-earnings ratio of -47.64.

MDB has been the subject of a number of recent analyst reports. Monness Crespi & Hardt boosted their target price on shares of Mongodb from $60.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Canaccord Genuity boosted their target price on shares of Mongodb from $54.00 to $78.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Stifel Nicolaus boosted their target price on shares of Mongodb from $53.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Needham & Company LLC boosted their target price on shares of Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, September 4th. Finally, Morgan Stanley boosted their target price on shares of Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a research note on Thursday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $77.92.

In related news, insider Meagen Eisenberg sold 46,250 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $72.44, for a total value of $3,350,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 100,000 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total transaction of $8,377,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 336,283 shares of company stock valued at $26,869,879. 40.04% of the stock is owned by insiders.

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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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