Mongodb Inc (NASDAQ:MDB) – Analysts at William Blair boosted their Q1 2020 earnings per share estimates for shares of Mongodb in a research note issued on Wednesday, April 10th, Zacks Investment Research reports. William Blair analyst J. Ader now anticipates that the company will post earnings of ($0.48) per share for the quarter, up from their prior estimate of ($0.49). William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Mongodb’s Q2 2020 earnings at ($0.52) EPS, Q3 2020 earnings at ($0.52) EPS and Q4 2020 earnings at ($0.57) EPS.
Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, March 13th. The company reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.20. The company had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. Mongodb’s revenue was up 84.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.40) EPS.
NASDAQ:MDB traded up $2.10 on Friday, hitting $134.46. The stock had a trading volume of 994,850 shares, compared to its average volume of 1,337,660. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.44 and a quick ratio of 3.44. Mongodb has a 1-year low of $36.30 and a 1-year high of $154.80. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of -78.17 and a beta of -0.01.
A number of institutional investors and hedge funds have recently made changes to their positions in MDB. Pearl River Capital LLC purchased a new stake in Mongodb during the 4th quarter worth approximately $25,000. Quantamental Technologies LLC purchased a new stake in Mongodb during the 4th quarter worth approximately $33,000. Oregon Public Employees Retirement Fund purchased a new stake in Mongodb during the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. purchased a new stake in Mongodb during the 4th quarter worth approximately $34,000. Finally, TCI Wealth Advisors Inc. increased its position in shares of Mongodb by 17,133.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock valued at $43,000 after purchasing an additional 514 shares during the last quarter. 61.82% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Dev Ittycheria sold 19,600 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $100.94, for a total transaction of $1,978,424.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $99.37, for a total transaction of $2,384,880.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 228,925 shares of company stock worth $28,451,584. 40.04% of the stock is owned by insiders.
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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