Mongodb (NASDAQ:MDB) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $-1.11–1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.06. The company issued revenue guidance of $390-395 million, compared to the consensus revenue estimate of $381.79 million.Mongodb also updated its Q3 2020 guidance to $-0.29–0.27 EPS.
Mongodb stock traded up $8.72 during midday trading on Wednesday, reaching $158.66. The company’s stock had a trading volume of 2,695,692 shares, compared to its average volume of 1,454,534. Mongodb has a fifty-two week low of $62.30 and a fifty-two week high of $184.78. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.78 billion, a P/E ratio of -92.24 and a beta of 0.15. The business has a 50-day simple moving average of $148.69 and a 200-day simple moving average of $140.85.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported ($0.22) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The company had revenue of $89.40 million for the quarter, compared to analysts’ expectations of $83.50 million. During the same period last year, the firm earned ($0.43) earnings per share. Mongodb’s quarterly revenue was up 78.3% on a year-over-year basis. As a group, equities analysts forecast that Mongodb will post -2.07 earnings per share for the current year.
A number of analysts have weighed in on MDB shares. Needham & Company LLC restated a buy rating and issued a $159.00 price target (up from $130.00) on shares of Mongodb in a research note on Tuesday, June 4th. KeyCorp upped their price target on shares of Mongodb from $165.00 to $188.00 and gave the stock an overweight rating in a research report on Wednesday, June 19th. Barclays upped their price target on shares of Mongodb from $143.00 to $178.00 and gave the stock an overweight rating in a research report on Wednesday, May 15th. Citigroup raised shares of Mongodb from a neutral rating to a buy rating and upped their price target for the stock from $162.00 to $184.00 in a research report on Tuesday, August 27th. Finally, ValuEngine cut shares of Mongodb from a buy rating to a hold rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. Mongodb currently has a consensus rating of Buy and a consensus target price of $156.29.
In related news, insider Thomas Bull sold 466 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $145.62, for a total transaction of $67,858.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 29,809 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $180.86, for a total transaction of $5,391,255.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 205,471 shares of company stock worth $32,106,036. Company insiders own 25.08% of the company’s stock.
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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