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MongoDB Announces Pricing of Upsized $1.0 Billion Convertible Senior Notes Offering. The notes will be general unsecured obligations of MongoDB and will accrue interest payable semiannually in arrears on January 15 and July 15 of each year, beginning on July 15, 2020, at a rate of 0.25% per year. The notes will mature on January 15, 2026, unless earlier converted, repurchased or redeemed. This activity could also cause or avoid an increase or a decrease in the market price of MongoDB's Class A common stock or the notes, and to the extent the activity occurs during any observation period related to a conversion of notes, this could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of its notes. Neither the notes, nor any shares of MongoDB's Class A common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

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Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. We analyze quarterly 13F filings of nearly 750 hedge funds and, by looking at the smart money sentiment that surrounds a stock, we can determine whether it has the potential to beat the market over the long-term. Therefore, let’s take a closer look at what smart money thinks about MongoDB, Inc. (NASDAQ:MDB) and compare its performance to hedge funds' consensus picks in 2019. Our research has shown that hedge funds' large-cap stock picks indeed failed to beat the market between 1999 and 2016. However, we were able to identify in advance a select group of hedge fund holdings that outperformed the Russell 2000 ETFs by 40 percentage points since May 2014 (see the details here).

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Mongodb Inc (NASDAQ:MDB) insider Thomas Bull sold 415 shares of the stock in a transaction that occurred on Thursday, January 2nd. Following the completion of the transaction, the insider now directly owns 15,613 shares of the company’s stock, valued at approximately $2,032,500.34. The stock has a fifty day simple moving average of $136.35 and a two-hundred day simple moving average of $139.15. Canaccord Genuity reduced their price objective on Mongodb from $185.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th.

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Following the transaction, the insider now owns 21,028 shares in the company, valued at $2,746,256.80. Mongodb Inc has a 12 month low of $70.66 and a 12 month high of $184.78. Price T Rowe Associates Inc. MD now owns 261,182 shares of the company’s stock valued at $39,723,000 after acquiring an additional 257,846 shares during the period. Morgan Stanley upped their price objective on shares of Mongodb from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th.

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The notes will be general unsecured obligations of MongoDB and will accrue interest payable semiannually in arrears. This activity could also cause or avoid an increase or a decrease in the market price of MongoDB's Class A common stock or the notes, and to the extent the activity occurs during any observation period related to a conversion of notes, this could affect the number of shares and value of the consideration that a noteholder will receive upon conversion of its notes. Neither the notes, nor any shares of MongoDB's Class A common stock issuable upon conversion of the notes, have been registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws. MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. The MongoDB database platform has been downloaded over 80 million times and there have been more than one million MongoDB University registrations.

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Zacks Investment Research downgraded shares of Mongodb (NASDAQ:MDB) from a hold rating to a sell rating in a research report sent to investors on Friday, Zacks.com reports. Mongodb has an average rating of Buy and a consensus target price of $160.86. In other Mongodb news, CRO Cedric Pech sold 1,924 shares of the company’s stock in a transaction on Monday, September 16th. Price T Rowe Associates Inc. MD now owns 261,182 shares of the company’s stock valued at $39,723,000 after buying an additional 257,846 shares during the last quarter.

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Oppenheimer dropped their price target on shares of Mongodb from $180.00 to $155.00 and set an outperform rating on the stock in a research report on Friday, October 11th. Mongodb presently has an average rating of Buy and a consensus price target of $160.86. The company has a quick ratio of 2.82, a current ratio of 2.57 and a debt-to-equity ratio of 1.08. In related news, CTO Eliot Horowitz sold 16,000 shares of Mongodb stock in a transaction that occurred on Monday, December 2nd.

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Four analysts have made estimates for Mongodb’s earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.27). On average, analysts expect that Mongodb will report full year earnings of ($1.03) per share for the current financial year, with EPS estimates ranging from ($1.04) to ($1.02). For the next financial year, analysts anticipate that the company will post earnings of ($0.80) per share, with EPS estimates ranging from ($0.96) to ($0.68). The firm had revenue of $109.40 million during the quarter, compared to analysts’ expectations of $97.47 million. Metropolitan Life Insurance Co NY bought a new position in Mongodb during the third quarter valued at about $371,000.

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3 Things to Know About MongoDB's Earnings | NASDAQ. Software company MongoDB(NASDAQ: MDB) is attempting to disrupt the database industry with its namesake product. The company expects to produce fourth-quarter revenue between $109 million and $111 million, and full-year revenue between $407.2 million and $409.2 million. "MongoDB's terrific third quarter results are the latest example of how the powerful combination of our modern data platform and sophisticated go-to-market efforts are driving increased adoption by both new and existing customers," said MongoDB CEO Dev Ittycheria. The key growth driver for MongoDB is Atlas, the company's cloud-based database-as-a-service offering. While MongoDB's database software is open-source and can be run anywhere, Atlas removes much of the overhead of database management.

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We adopted the new revenue recognition accounting standard Accounting Standards Codification ("ASC") 606 effective as of January 31, 2019 and applied as of February 1, 2018, on a full retrospective basis. Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. MongoDB will host a conference call today, December 9, 2019, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. The MongoDB database platform has been downloaded over 80 million times and there have been more than one million MongoDB University registrations. Forward-Looking Statements.

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