MongoDB (MDB) Expected to Announce Earnings on Wednesday

MongoDB (NASDAQ:MDB) is anticipated to release its earnings data 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 interested in listening to the company’s earnings conference call can do so using this link.

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

MongoDB Trading Down 3.1 %

Shares of MDB opened at $259.02 on Tuesday. The business’s 50-day moving average price is $263.05 and its 200 day moving average price is $275.34. The stock has a market capitalization of $19.29 billion, a P/E ratio of -94.53 and a beta of 1.28. MongoDB has a 1-year low of $212.74 and a 1-year high of $443.09.

Insiders Place Their Bets

In related news, insider Cedric Pech sold 287 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value 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 $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,314 shares of company stock valued at $12,525,863 in the last three months. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

MDB has been the subject of a number of research reports. Rosenblatt Securities initiated coverage on MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Wells Fargo & Company raised their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Barclays decreased their price objective on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, January 6th. Finally, Oppenheimer lifted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $359.33.

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.