Trending stock Update: MongoDB, Inc. (NASDAQ: MDB)

On Thursday, MongoDB, Inc. (NASDAQ: MDB) oscillated between $63.15 and $64.48 before concluding trading period higher +0.61% at $64.07. The stock recorded total trading quantity of 360,940 shares as compared to its average volume of 910,728 shares. The share price fluctuated between $24.62 to $65.94 during the 52-week trading period. The firm has a total market worth of $910.73k and $3.244B shares remain outstanding.

MongoDB, Inc. (NASDAQ: MDB) recently reported its financial results for the first quarter ended April 30, 2018.

First Quarter Fiscal 2019 Financial Highlights

Revenue: Total revenue was $48.2M, a raise of 49% year-over-year. Subscription revenue was $44.6M, a raise of 53% year-over-year, and services revenue was $3.7M, a raise of 14% year-over-year.

Gross Profit: Gross profit was $34.5M, representing a 71.5% gross margin, consistent with the year-before period. Non-GAAP gross profit was $35.0M, representing a 72.6% non-GAAP gross margin.

Loss from Operations: Loss from operations was $29.3M, contrast to $19.8M in the year-before period. Non-GAAP loss from operations was $21.7M, contrast to $15.3M in the year-before period.

Net Loss: Net loss was $29.2M, or $0.58 per share based on 50.4M weighted-average shares outstanding. This compares to $19.7M, or $1.50 per share based on 13.2M weighted-average shares outstanding, in the year-before period. Non-GAAP net loss was $21.6M, or $0.43 per share based on 50.4M weighted-average shares outstanding. This compares to $15.3M, or $0.38 per share based on 40.1M non-GAAP weighted-average shares outstanding, in the year-before period.

Cash Flow: As of April 30, 2018, MongoDB had $271.5M in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2018, MongoDB used $8.0M of cash in operations and $0.4M in capital expenditures, leading to negative free cash flow of $8.4M, contrast to negative free cash flow of $12.4M in the year-before period.

MDB price volatility for a month noted as 4.68% however its price volatility for a week documented as 3.80%. The corporation holds 48.17 million outstanding shares and its 23.61 million shares were floated in the market. The stock established a positive trend of 4.04% in last week and indicated rise of 11.02% in previous month.

Paul Suggs

Paul Suggs provides the U.S. as well as global markets news for Streetobserver.com. He writes about the global market, politics, technology and healthcare news. He also covers latest activity, events and trends, economic reports and financial indicators relating to global market and US market. Paul now lives in Dallas Texas where he works from home as a freelance writer for many financial websites and publications.

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