MongoDB (NASDAQ: MDB) announced an updated version of its earnings estimate for the fiscal year 2023 on Wednesday morning. The company anticipated that its earnings per share (EPS) for the quarter would fall somewhere in the range of-0.35 to $0.28, which was a lower projection than the typical forecast of-0.21 per share. The company’s revenue prediction varied from 1.20 to 1.21 billion dollars, greater than the industry standard revenue forecast of 1.19 billion dollars. In addition, MongoDB revised its projection for earnings per share for the third quarter of 2023 to a range of $0.19 to $0.16, which it had previously projected to be in the range of $0.14 to $0.12.
On August 31, 2018, the most recent quarterly report for MongoDB (NASDAQ:MDB-Get Rating) was made accessible to the general public for their perusal. The quarterly profits of the corporation came in at $1.69 per share, which was $0.17 less than the average projection of the industry experts, who had projected $1.52 per share.
The return on equity and profit margin for MongoDB was in the red. The return on equity was -52.05%, and the profit margin was -33.43%. The actual amount of money brought in over the period was $303.66 million, which was considerably higher than the predicted amount, which was $282.31 million. A loss of $1.15 per share was incurred by the corporation over the same period the year before. Compared to the amount of money MongoDB made during the same quarter the previous year, the amount it made during the current quarter saw a 52.8% increase in growth. According to the projections of market research analysts, MongoDB will see a revenue loss of 5.36 cents per share during the current fiscal year. When the market opened on Wednesday, the price of an individual share of MDB was $217.90. In any given year, $590.00 is the all-time high price for MongoDB, while $213.39 represents the all-time low price. The moving averages for the company over the previous 50 days come in at $304.63, and over the last 200 days, they come in at $316.91.
The company has a beta of 0.95 and a price-to-earnings ratio of 40.65, so its market capitalization equals $14.97 billion. There is a debt-to-equity ratio of 1.70, a current ratio equal to the current ratio, and a quick ratio equal to the current ratio.
Recently, the company has been given feedback from several research experts. This information has been received. The Credit Suisse Group reduced the target price for MongoDB from $500 to $400 in a research note released on September 1st. Credit Suisse Group also assigned the business an outperform rating for its prospects. The price objective for MongoDB was reduced from $438.00 to $360.00 in a research report that Barclays published on September 1st, and it was made available to the public on Thursday. In addition to that, an overweight rating was bestowed on the stock. The price goal for MongoDB was reduced by the Royal Bank of Canada on September 1st, in a research note that was made public. The new price objective is $350.00, down from $400.00.
Even though the price target was decreased, the analysts gave the company an outperform rating. In a research study made available to the public on Wednesday, August 17, Mizuho increased their target price for MongoDB from $270.00 to $390.00 and gave the firm a buy recommendation in a research study. In research on Thursday, September 1st, UBS Group dropped their price objective for MongoDB from $430.00 to $390.00. Despite the decrease in price, the investment company maintained its buy rating on the stock. The stock has been recommended to sell by one of the research analysts, while a recommendation to buy has been provided by the remaining 18 experts. According to data provided by MarketBeat, the company is presently seen as having a consensus rating of “Moderate Buy,” and investors have set an average price objective of $386.83 on the stock.
On Tuesday, July 5th, a MongoDB insider named Thomas Bull sold 489 shares of the company’s stock. This is just one of the latest occurrences in connection with this particular topic.
The total amount that was spent on the shares was 129,316.05 dollars, which corresponds to an amount of 264.45 dollars in total. Following the completion of the transaction, the corporate insider now directly owns 17,104 shares of the company. Based on the current stock price, these shares are worth approximately $4,523,152.80. The transaction was discussed in a legal document that was handed in to the Securities and Exchange Commission and is available on their website. You can look it up there if you’re interested. Michael Lawrence Gordon, Chief Financial Officer of MongoDB, was reported to have sold 2,704 shares of the company’s stock on Tuesday, July 5. The cost per share was determined to be an average of $264.47, which resulted in a total value of the transaction that was equal to $715,126.88. Following the successful completion of the acquisition, the chief financial officer now directly controls 93,132 shares of the company. The total value of these shares is approximately $24,630,620.04. You can find more information regarding the transaction in the lawsuit file submitted by the Securities and Exchange Commission, which can be viewed at this URL. The file contains the details regarding the transaction.
On Tuesday, July 5th, Thomas Bull, a worker at the company who is also a stockholder, made a transaction to sell 489 shares of the company’s stock. The total amount that was spent on the shares was 129,316.05 dollars, which corresponds to an amount of 264.45 dollars in total. The transaction completion resulted in the insider now holding 17,104 shares of the firm. Based on the current stock price, these shares have an estimated $4,523,152.80. Disclosures that are related to the sale might be found in this section of the website. 5. During the most recent fiscal quarter, company insiders sold 69,789 shares of stock, resulting in a total sale volume of $18,925,825, according to the most recent available data. 5. Seventy percent of the corporation’s assets are owned by its employees.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios. A cash injection for $200,000 was made by Shay Capital LLC to MongoDB during the first three months of 2018. Meiji Yasuda Asset Management Co. Ltd. boosted the proportion of its holdings that are comprised of MongoDB by 32.0% throughout the second quarter.
Following the acquisition of an additional 202 shares during the relevant time period, Meiji Yasuda Asset Management Co. Ltd. now holds 834 shares of the company’s stock. These shares have an aggregate worth of $216,000 thanks to the fact that they were bought during the relevant time period. During the second quarter, Cetera Advisor Networks LLC was able to achieve a 7.4% gain in the ownership percentage of MongoDB stock. After purchasing an additional 59 shares during the relevant time period, Cetera Advisor Networks LLC now has a total of 860 shares of the company’s stock, which has a value of $223,000. These shares were acquired during the time period in question. In the first three months of 2018, Penserra Capital Management LLC made a 23.3% increase in the amount of MongoDB stock that it owned.
After purchasing an additional 103 shares, we now have a total of 546 shares. Penserra Capital Management LLC acquired 546 shares of the company’s stock during the most recent fiscal quarter. Based on the price of the stock as of right now, this constitutes a holding worth $241,000 to the firm. During the first three months of 2018, the Fund Management branch of Engine No. 1 LLC made a brand new investment in MongoDB that was around $251,000. A total of 89.85% of the market capitalization of the company’s stock is held by hedge funds and other types of institutional investors.