Mongodb (NASDAQ:MDB) posted its quarterly earnings results on Tuesday. The company reported ($1.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.90), Bloomberg Earnings reports. The business had revenue of $41.50 million for the quarter, compared to analyst estimates of $37.21 million. Mongodb’s revenue for the quarter was up 57.8% compared to the same quarter last year. Mongodb updated its Q4 guidance to ($0.42-0.43) EPS.

Mongodb (NASDAQ:MDB) opened at $27.35 on Thursday. Mongodb has a 12-month low of $24.62 and a 12-month high of $34.00.

MDB has been the subject of a number of recent analyst reports. Stifel Nicolaus initiated coverage on shares of Mongodb in a research report on Monday, November 13th. They issued a “buy” rating and a $34.00 price target for the company. Canaccord Genuity initiated coverage on shares of Mongodb in a research report on Monday, November 13th. They issued a “buy” rating and a $35.00 price target for the company. Canaccord Genuity Group initiated coverage on shares of Mongodb in a research report on Wednesday, November 15th. They issued a “buy” rating and a $35.00 price target for the company. Morgan Stanley initiated coverage on shares of Mongodb in a research report on Monday, November 13th. They issued an “equal weight” rating and a $31.00 price target for the company. Finally, Needham & Company LLC initiated coverage on shares of Mongodb in a research report on Monday, October 23rd. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Mongodb presently has a consensus rating of “Buy” and an average price target of $33.83.

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Mongodb Company Profile

MongoDB, Inc is a United States-based modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.

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