Mongodb (NASDAQ:MDB) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.39–0.38 for the period, compared to the Thomson Reuters consensus estimate of $-0.39. The company issued revenue guidance of $73-74 million, compared to the consensus revenue estimate of $64.69 million.Mongodb also updated its FY 2019 guidance to $-1.53–1.52 EPS.

NASDAQ:MDB opened at $83.73 on Thursday. The stock has a market capitalization of $4.37 billion, a PE ratio of -48.12 and a beta of -0.64. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01. Mongodb has a 1-year low of $24.62 and a 1-year high of $88.27.

Mongodb (NASDAQ:MDB) last released its earnings results on Tuesday, December 4th. The company reported ($0.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.26. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $60.26 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 55.21%. The company’s revenue was up 56.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) EPS. On average, analysts forecast that Mongodb will post -2.27 EPS for the current fiscal year.

Several analysts recently commented on MDB shares. Monness Crespi & Hardt increased their price objective on shares of Mongodb from $60.00 to $90.00 and gave the company a buy rating in a research report on Thursday, September 6th. Canaccord Genuity increased their price objective on shares of Mongodb from $54.00 to $78.00 and gave the company a buy rating in a research report on Thursday, September 6th. Stifel Nicolaus increased their price objective on shares of Mongodb from $53.00 to $80.00 and gave the company a buy rating in a research report on Thursday, September 6th. Needham & Company LLC increased their price objective on shares of Mongodb from $57.00 to $85.00 and gave the company a buy rating in a research report on Tuesday, September 4th. Finally, Morgan Stanley increased their price objective on shares of Mongodb from $41.00 to $66.00 and gave the company an equal weight rating in a research report on Thursday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $77.92.

In other news, major shareholder Whale Rock Capital Management sold 683,871 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $82.39, for a total transaction of $56,344,131.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 63,600 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 973,904 shares of company stock worth $79,863,660. Insiders own 40.04% of the company’s stock.

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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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