Brokerages expect MongoDB, Inc. (NASDAQ:MDB) to report -$0.10 earnings per share

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Equity research analysts expect MongoDB, Inc. (NASDAQ:MDB – Get Rating) to report earnings of ($0.10) per share for the current fiscal quarter, Zacks reports. Five analysts made revenue estimates for MongoDB. The lowest EPS estimate is ($0.12) and the highest is ($0.08). MongoDB reported earnings of ($0.15) per share in the same quarter last year, indicating a positive year-over-year growth rate of 33.3%. The company is expected to announce its next quarterly results after the market closes on Monday, January 1.

According to Zacks, analysts expect MongoDB to report annual earnings of ($0.39) per share for the current fiscal year, with EPS estimates ranging from ($0.43) to ($0.33 $). For next year, analysts expect the company to report earnings of $0.04 per share, with EPS estimates ranging from ($0.11) to $0.19. Zacks EPS averages are an average average based on a survey of analysts who provide coverage for MongoDB.

MongoDB (NASDAQ:MDB – Get Rating) last released its results on Tuesday, March 8. The company reported ($1.20) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($1.25) by $0.05. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The company posted revenue of $266.50 million in the quarter, compared to a consensus estimate of $243.42 million. During the same period last year, the company posted ($1.01) earnings per share. The company’s revenue for the quarter increased 55.8% year over year.

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MDB has been the subject of a number of recent research reports. Needham & Company LLC reduced its target price on MongoDB from $626.00 to $362.00 and set a “buy” rating for the company in a Wednesday, March 9 research report. Canaccord Genuity Group reduced its price target on MongoDB from $560.00 to $400.00 in a Wednesday, March 9 research report. Barclays cut its price target on MongoDB from $410.00 to $330.00 and set an “overweight” rating for the company in a Friday, May 20 research report. Morgan Stanley cut its price target on MongoDB from $475.00 to $378.00 and set an “overweight” rating for the company in a Thursday, May 19 research report. Finally, Oppenheimer reduced his price target on MongoDB from $510.00 to $410.00 in a Wednesday, March 9 research report. One financial analyst has assigned the stock a sell rating, another a hold rating and sixteen have assigned the company’s stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $483.83.

NASDAQ:MDB traded at $17.00 during Monday trading hours, hitting $250.06. The stock recorded a trading volume of 83,065 shares, compared to an average volume of 1,431,503 shares. The company has a debt ratio of 1.70, a quick ratio of 4.02 and a current ratio of 4.02. The stock has a 50-day simple moving average of $349.73 and a 200-day simple moving average of $407.40. MongoDB has a 12 month minimum of $213.39 and a 12 month maximum of $590.00. The stock has a market capitalization of $16.90 billion, a P/E ratio of -52.76 and a beta of 0.98.

In other news, CEO Dev Ittycheria sold 35,000 shares of the company in a trade dated Thursday, May 5. The stock was sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the sale, the CEO now owns 204,744 shares of the company, valued at approximately $65,743,298.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, director Dwight A. Merriman sold 14,000 shares of the company in a trade that took place on Monday, May 2. The shares were sold at an average price of $349.22, for a total value of $4,889,080.00. As a result of the transaction, the administrator now directly owns 1,323,384 shares of the company, valued at approximately $462,152,160.48. The disclosure of this sale can be found here. In the past three months, insiders have sold 124,475 shares of the company valued at $43,717,816. 5.70% of the shares are currently held by company insiders.

A number of institutional investors and hedge funds have recently increased or reduced their stake in MDB. Allspring Global Investments Holdings LLC purchased a new stock position in MongoDB during Q4 for a value of approximately $674,390,000. Norges Bank bought a new stock position in MongoDB during Q4 for a value of approximately $277,934,000. TD Asset Management Inc. increased its holdings of MongoDB shares by 153.9% during the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company worth $277,909,000 after acquiring an additional 318,259 shares during the period. Jennison Associates LLC purchased a new stock position in MongoDB during Q1 for a value of approximately $113,395,000. Finally, 1832 Asset Management LP increased its stake in MongoDB shares by 19.3% in the 1st quarter. 1832 Asset Management LP now owns 1,028,400 shares of the company worth $450,095,000 after purchasing an additional 166,400 shares in the last quarter. 88.70% of the shares are held by institutional investors and hedge funds.

MongoDB Company Profile (Get a rating)

MongoDB, Inc provides a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database solution as a service; and Community Server, a free downloadable version of its database, which includes the features developers need to get started with MongoDB.

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