MongoDB (NASDAQ:MDB) Releases Q2 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) updated its second quarter 2027 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.580-1.610 for the period, compared to the consensus estimate of 0.960. The company issued revenue guidance of $729.0 million-$734.0 million, compared to the consensus revenue estimate of $699.2 million. MongoDB also updated its FY 2027 guidance to 5.950-6.140 EPS.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday. The Goldman Sachs Group lowered their target price on shares of MongoDB from $475.00 to $320.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Barclays lowered their target price on shares of MongoDB from $440.00 to $370.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 3rd. Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 3rd. Finally, Guggenheim restated a “buy” rating and set a $475.00 target price on shares of MongoDB in a research note on Tuesday, April 14th. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.13.

MongoDB Stock Up 10.6%

NASDAQ MDB traded up $31.22 on Thursday, reaching $325.68. The company had a trading volume of 8,858,026 shares, compared to its average volume of 1,908,757. The stock has a market capitalization of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. The firm’s 50 day moving average price is $272.10 and its 200 day moving average price is $333.73. MongoDB has a 12 month low of $182.43 and a 12 month high of $444.72.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.14. The company had revenue of $687.62 million for the quarter, compared to the consensus estimate of $664.53 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, research analysts expect that MongoDB will post -0.46 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. This represents a 1.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 31,566 shares of company stock worth $8,744,791. 2.60% of the stock is currently owned by insiders.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Wall Street expectations in Q1, reporting adjusted EPS of $1.32 versus $1.18 expected and revenue of $687.6 million versus $664.5 million forecast, signaling solid execution and continued demand for its platform. Article Title
• Positive Sentiment: The company raised full-year FY2027 guidance, with EPS now projected at $5.95-$6.14 versus $4.58 expected and revenue guided to roughly $2.9 billion-$3.0 billion, above consensus. Article Title
• Positive Sentiment: MongoDB also lifted Q2 FY2027 guidance, forecasting EPS of $1.58-$1.61 and revenue of $729-$734 million, both well ahead of analyst expectations. Article Title
• Positive Sentiment: Management said growth was driven by strength in Atlas, enterprise adoption, and emerging AI-related use cases, reinforcing the bullish growth narrative for MDB. Article Title
• Neutral Sentiment: Canaccord Genuity raised its price target on MongoDB to $400 and reiterated a buy rating, which adds to positive sentiment but does not change fundamentals directly. Article Title

Institutional Trading of MongoDB

Hedge funds have recently made changes to their positions in the business. Mcguire Capital Advisors Inc. purchased a new stake in shares of MongoDB during the 4th quarter valued at about $84,000. Geneos Wealth Management Inc. raised its position in shares of MongoDB by 79.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock valued at $46,000 after buying an additional 98 shares in the last quarter. Hollencrest Capital Management raised its position in shares of MongoDB by 129.2% during the 4th quarter. Hollencrest Capital Management now owns 275 shares of the company’s stock valued at $115,000 after buying an additional 155 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of MongoDB during the 3rd quarter valued at about $156,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at about $220,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.