Mongodb (NASDAQ:MDB) Issues FY20 Earnings Guidance

Mongodb (NASDAQ:MDB) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of ($1.11)-($1.00) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.00). The company issued revenue guidance of $375-381 million, compared to the consensus revenue estimate of $372.46 million.Mongodb also updated its FY 2020 guidance to $-1.11–1.04 EPS.

Several analysts have recently commented on the stock. Oppenheimer raised their target price on shares of Mongodb from $160.00 to $180.00 and gave the stock an outperform rating in a research report on Wednesday, June 19th. Nomura set a $76.00 target price on shares of Mongodb and gave the stock a sell rating in a research report on Wednesday, June 19th. Morgan Stanley set a $156.00 price target on shares of Mongodb and gave the company a hold rating in a report on Friday, June 7th. DA Davidson lifted their price target on shares of Mongodb to $165.00 in a report on Wednesday, June 19th. Finally, Canaccord Genuity lifted their price target on shares of Mongodb from $160.00 to $185.00 and gave the company a buy rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Mongodb currently has a consensus rating of Buy and an average price target of $154.15.

MDB stock traded up $0.60 during mid-day trading on Friday, hitting $152.09. 3,840,520 shares of the company were exchanged, compared to its average volume of 1,873,204. The firm has a market cap of $8.38 billion, a P/E ratio of -88.42 and a beta of 0.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 3.18. Mongodb has a twelve month low of $48.33 and a twelve month high of $184.78. The stock’s fifty day moving average is $151.35.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 posted ($0.43) EPS. The company’s quarterly revenue was up 78.3% on a year-over-year basis. On average, equities research analysts expect that Mongodb will post -2.07 EPS for the current year.

In other Mongodb news, insider Eliot Horowitz sold 21,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $165.33, for a total transaction of $3,471,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 21,410 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $146.78, for a total transaction of $3,142,559.80. The disclosure for this sale can be found here. Insiders sold a total of 169,634 shares of company stock valued at $25,834,679 over the last ninety days. Company insiders own 40.04% of the company’s stock.

About Mongodb

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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Earnings History and Estimates for Mongodb (NASDAQ:MDB)

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