Equities research analysts expect Mongodb Inc (NASDAQ:MDB) to post sales of $91.27 million for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mongodb’s earnings. The lowest sales estimate is $90.79 million and the highest is $92.20 million. Mongodb reported sales of $57.49 million in the same quarter last year, which indicates a positive year-over-year growth rate of 58.8%. The business is scheduled to report its next earnings report on Wednesday, September 4th.
On average, analysts expect that Mongodb will report full-year sales of $382.05 million for the current year, with estimates ranging from $377.77 million to $395.04 million. For the next financial year, analysts forecast that the company will post sales of $504.65 million, with estimates ranging from $482.90 million to $530.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Mongodb.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The business had revenue of $89.40 million during the quarter, compared to analyst estimates of $83.50 million. During the same period in the previous year, the business earned ($0.43) EPS. Mongodb’s revenue was up 78.3% compared to the same quarter last year.
In other news, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $126.55, for a total transaction of $3,037,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 19,600 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $134.21, for a total transaction of $2,630,516.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 279,605 shares of company stock valued at $42,005,609. Insiders own 40.04% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Mongodb by 12.5% during the fourth quarter. FMR LLC now owns 5,275,057 shares of the company’s stock valued at $441,732,000 after buying an additional 586,841 shares during the period. JPMorgan Chase & Co. increased its position in shares of Mongodb by 146.9% during the first quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock valued at $116,790,000 after buying an additional 472,602 shares during the period. American Century Companies Inc. purchased a new position in shares of Mongodb during the fourth quarter valued at about $64,633,000. BlackRock Inc. increased its position in shares of Mongodb by 2.5% during the fourth quarter. BlackRock Inc. now owns 631,347 shares of the company’s stock valued at $52,869,000 after buying an additional 15,406 shares during the period. Finally, FIL Ltd purchased a new position in shares of Mongodb during the first quarter valued at about $82,626,000. Institutional investors own 65.55% of the company’s stock.
Mongodb stock traded down $4.94 during mid-day trading on Friday, reaching $153.10. The company’s stock had a trading volume of 1,302,799 shares, compared to its average volume of 1,489,185. The stock has a fifty day moving average of $154.94. The firm has a market cap of $8.66 billion, a P/E ratio of -89.01 and a beta of 0.16. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.93. Mongodb has a 12-month low of $53.20 and a 12-month high of $184.78.
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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