Mongodb (NASDAQ:MDB) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of ($1.11-1.06) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.06). The company issued revenue guidance of $390-395 million, compared to the consensus revenue estimate of $381.87 million.Mongodb also updated its FY 2020 guidance to $-1.11–1.06 EPS.
Mongodb stock traded down $10.23 during midday trading on Thursday, hitting $148.43. 191,055 shares of the stock were exchanged, compared to its average volume of 999,621. Mongodb has a fifty-two week low of $62.30 and a fifty-two week high of $184.78. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of -86.27 and a beta of 0.15. The stock’s 50-day simple moving average is $148.86 and its 200 day simple moving average is $141.14. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, September 4th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.25. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The firm had revenue of $99.40 million during the quarter, compared to analysts’ expectations of $91.70 million. During the same period last year, the business earned ($0.41) earnings per share. Mongodb’s revenue was up 66.8% compared to the same quarter last year. Equities analysts anticipate that Mongodb will post -2.07 EPS for the current fiscal year.
Several equities research analysts recently issued reports on MDB shares. Zacks Investment Research cut shares of Mongodb from a strong-buy rating to a hold rating in a research report on Wednesday, May 15th. Nomura set a $76.00 price target on shares of Mongodb and gave the company a sell rating in a research report on Wednesday, June 19th. Stifel Nicolaus lifted their price target on shares of Mongodb from $180.00 to $185.00 and gave the company a buy rating in a research report on Thursday. KeyCorp lifted their price target on shares of Mongodb from $165.00 to $188.00 and gave the company an overweight rating in a research report on Wednesday, June 19th. Finally, Needham & Company LLC lifted their price target on shares of Mongodb from $184.00 to $187.00 and gave the company a buy rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $159.79.
In other news, Director Charles M. Hazard, Jr. sold 2,017 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $148.24, for a total transaction of $299,000.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Bull sold 466 shares of the company’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $145.62, for a total transaction of $67,858.92. The disclosure for this sale can be found here. Insiders have sold a total of 251,488 shares of company stock valued at $38,606,982 in the last 90 days. Insiders own 40.04% 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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