MongoDB (MDB) Projected to Post Earnings on Wednesday

MongoDB (NASDAQ:MDB) is projected to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.64 per share and revenue of $519.65 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the firm posted $0.96 earnings per share. MongoDB’s revenue for the quarter was up 22.3% 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.

MongoDB Stock Down 2.8 %

MDB opened at $259.71 on Wednesday. The company has a 50 day moving average of $261.74 and a two-hundred day moving average of $274.54. MongoDB has a 52-week low of $212.74 and a 52-week high of $459.27. The company has a market cap of $19.34 billion, a P/E ratio of -94.78 and a beta of 1.28.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares in the company, 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 sold a total of 41,979 shares of company stock worth $11,265,417 over the last 90 days. Insiders own 3.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDB. Cantor Fitzgerald initiated coverage on MongoDB in a report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target for the company. JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Wednesday, December 11th. Stifel Nicolaus raised their target price on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada upped their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

About MongoDB

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.