Analysts expect Mongodb Inc (NASDAQ:MDB) to report ($0.24) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mongodb’s earnings, with the highest EPS estimate coming in at ($0.23) and the lowest estimate coming in at ($0.25). Mongodb posted earnings of ($0.43) per share during the same quarter last year, which suggests a positive year over year growth rate of 44.2%. The firm is expected to report its next quarterly earnings results after the market closes on Wednesday, June 5th.

On average, analysts expect that Mongodb will report full-year earnings of ($1.01) per share for the current year, with EPS estimates ranging from ($1.03) to ($0.98). For the next financial year, analysts anticipate that the firm will report earnings of ($0.63) per share, with EPS estimates ranging from ($0.89) to ($0.25). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Mongodb.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $0.20. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. The business had revenue of $83.10 million during the quarter, compared to analyst estimates of $74.02 million. During the same period last year, the business posted ($0.40) earnings per share. Mongodb’s quarterly revenue was up 84.7% compared to the same quarter last year.

A number of brokerages have weighed in on MDB. William Blair began coverage on shares of Mongodb in a research note on Friday, March 22nd. They set an “outperform” rating for the company. Barclays raised their price target on shares of Mongodb from $143.00 to $178.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Morgan Stanley raised their price target on shares of Mongodb from $124.00 to $153.00 and gave the company an “equal weight” rating in a research report on Thursday. Zacks Investment Research downgraded shares of Mongodb from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Finally, Citigroup raised their price target on shares of Mongodb from $94.00 to $116.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Mongodb presently has an average rating of “Buy” and an average price target of $119.38.

In other Mongodb news, Director Charles M. Hazard, Jr. sold 2,017 shares of Mongodb stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $148.75, for a total value of $300,028.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eliot Horowitz sold 6,900 shares of Mongodb stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $137.78, for a total transaction of $950,682.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,925 shares of company stock valued at $26,066,704. 40.04% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of MDB. Oregon Public Employees Retirement Fund purchased a new position in shares of Mongodb during the 4th quarter worth $33,000. American Century Companies Inc. purchased a new position in shares of Mongodb during the 4th quarter valued at $64,633,000. FMR LLC lifted its stake in shares of Mongodb by 12.5% during the 4th 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 in the last quarter. FIL Ltd purchased a new position in shares of Mongodb during the 1st quarter valued at $82,626,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Mongodb by 146.9% during the 1st 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 in the last quarter. 61.93% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ MDB opened at $139.77 on Monday. Mongodb has a fifty-two week low of $43.66 and a fifty-two week high of $154.80. The company has a market cap of $7.69 billion, a price-to-earnings ratio of -81.26 and a beta of -0.01. The company has a quick ratio of 3.44, a current ratio of 3.44 and a debt-to-equity ratio of 0.82.

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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