Mongodb Inc (NASDAQ:MDB)’s share price hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $133.85 and last traded at $133.53, with a volume of 259475 shares traded. The stock had previously closed at $104.26.
The company reported ($0.36) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.20. Mongodb had a negative return on equity of 54.80% and a negative net margin of 54.74%. The business had revenue of $83.10 million during the quarter, compared to analyst estimates of $74.02 million. During the same quarter last year, the firm earned ($0.40) earnings per share. The company’s revenue for the quarter was up 84.7% compared to the same quarter last year.
MDB has been the subject of a number of recent research reports. Canaccord Genuity increased their target price on Mongodb from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup increased their target price on Mongodb from $86.00 to $94.00 and gave the company a “neutral” rating in a research note on Thursday, December 6th. Needham & Company LLC increased their target price on Mongodb from $85.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, December 6th. DA Davidson reiterated a “neutral” rating on shares of Mongodb in a research note on Thursday. Finally, JMP Securities reiterated a “hold” rating on shares of Mongodb in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Mongodb currently has a consensus rating of “Buy” and a consensus target price of $106.38.
In other news, insider Meagen Eisenberg sold 18,748 shares of Mongodb stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $80.10, for a total value of $1,501,714.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Thomas Bull sold 754 shares of Mongodb stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $81.36, for a total value of $61,345.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,607 shares of company stock valued at $20,225,910. 40.04% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Pearl River Capital LLC acquired a new position in shares of Mongodb in the 4th quarter worth approximately $25,000. Quantamental Technologies LLC acquired a new position in shares of Mongodb in the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. acquired a new position in shares of Mongodb in the 4th quarter worth approximately $34,000. TCI Wealth Advisors Inc. grew 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 worth $43,000 after acquiring an additional 514 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its position in shares of Mongodb by 1,556.5% in the 3rd quarter. Rehmann Capital Advisory Group now owns 762 shares of the company’s stock worth $62,000 after acquiring an additional 716 shares in the last quarter. Institutional investors own 64.66% of the company’s stock.
The stock has a market capitalization of $5.62 billion, a P/E ratio of -75.25 and a beta of 0.01. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 1.08.
Mongodb Company Profile (NASDAQ:MDB)
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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