Wall Street analysts forecast that Mongodb Inc (NASDAQ:MDB) will post earnings of ($0.36) per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Mongodb’s earnings. The lowest EPS estimate is ($0.46) and the highest is ($0.24). Mongodb posted earnings of ($0.43) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.3%. The business is expected to issue its next quarterly earnings report on Wednesday, June 5th.

According to Zacks, analysts expect that Mongodb will report full-year earnings of ($1.29) per share for the current year, with EPS estimates ranging from ($1.55) to ($0.98). For the next financial year, analysts expect that the business will report earnings of ($0.60) per share, with EPS estimates ranging from ($0.76) to ($0.38). Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover Mongodb.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.20. The business had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. Mongodb had a negative return on equity of 54.80% and a negative net margin of 54.74%. The company’s quarterly revenue was up 84.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.40) earnings per share.

Several research analysts have issued reports on MDB shares. Needham & Company LLC increased their price target on Mongodb from $85.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. Canaccord Genuity reiterated a “buy” rating and issued a $95.00 price target (up previously from $78.00) on shares of Mongodb in a report on Thursday, December 6th. They noted that the move was a valuation call. Monness Crespi & Hardt increased their price target on Mongodb from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, December 6th. Finally, Zacks Investment Research upgraded Mongodb from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $107.08.

Shares of NASDAQ:MDB opened at $134.23 on Tuesday. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of -77.14 and a beta of 0.01. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.41 and a current ratio of 3.41. Mongodb has a 52-week low of $32.35 and a 52-week high of $134.78.

In other news, insider Meagen Eisenberg sold 50,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $88.06, for a total value of $4,458,037.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kevin P. Ryan sold 24,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $104.30, for a total value of $2,503,200.00. The disclosure for this sale can be found here. Insiders sold 224,607 shares of company stock worth $20,225,910 in the last 90 days. Corporate insiders own 40.04% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. lifted its holdings in shares of Mongodb by 7.8% in the fourth quarter. Whittier Trust Co. now owns 35,465 shares of the company’s stock valued at $2,970,000 after purchasing an additional 2,573 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Mongodb during the third quarter valued at approximately $3,226,000. JPMorgan Chase & Co. increased its position in shares of Mongodb by 134.6% during the third quarter. JPMorgan Chase & Co. now owns 218,941 shares of the company’s stock valued at $17,855,000 after acquiring an additional 125,608 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in shares of Mongodb during the fourth quarter valued at approximately $319,000. Finally, Deutsche Bank AG increased its position in shares of Mongodb by 84,001.7% during the third quarter. Deutsche Bank AG now owns 346,499 shares of the company’s stock valued at $28,256,000 after acquiring an additional 346,087 shares during the last quarter. Institutional investors own 64.66% 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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Earnings History and Estimates for Mongodb (NASDAQ:MDB)

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