Mongodb (MDB) Releases FY 2020 Earnings Guidance

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Mongodb (NASDAQ:MDB) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $-1.06–0.98 for the period, compared to the Thomson Reuters consensus estimate of $-1.28. The company issued revenue guidance of $363-371 million, compared to the consensus revenue estimate of $347.76 million.Mongodb also updated its Q1 2020 guidance to $-0.25–0.23 EPS.

MDB stock traded down $0.62 during trading on Wednesday, hitting $104.26. 2,033,463 shares of the stock traded hands, compared to its average volume of 1,175,389. Mongodb has a 1 year low of $32.35 and a 1 year high of $109.97. The company has a market capitalization of $5.62 billion and a price-to-earnings ratio of -59.92. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.41 and a current ratio of 3.41.

A number of brokerages have recently issued reports on MDB. Citigroup raised their price target on shares of Mongodb from $86.00 to $94.00 and gave the company a neutral rating in a report on Thursday, December 6th. Needham & Company LLC raised their price target on shares of Mongodb from $85.00 to $91.00 and gave the company a buy rating in a report on Thursday, December 6th. JMP Securities reaffirmed a hold rating on shares of Mongodb in a report on Wednesday. Zacks Investment Research raised shares of Mongodb from a hold rating to a buy rating and set a $108.00 price target on the stock in a report on Wednesday, March 6th. Finally, Monness Crespi & Hardt raised their price target on shares of Mongodb from $90.00 to $110.00 and gave the company a buy rating in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Mongodb currently has a consensus rating of Buy and a consensus target price of $89.00.

In related news, insider Thomas Bull sold 754 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $81.36, for a total value of $61,345.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 20,965 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $79.79, for a total transaction of $1,672,797.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 224,607 shares of company stock worth $20,225,910. Insiders own 40.04% of the company’s stock.

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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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Earnings History and Estimates for Mongodb (NASDAQ:MDB)

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