MongoDB (NASDAQ:MDB) Updates FY 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.390-6.580 for the period, compared to the consensus earnings per share estimate of 4.910. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. MongoDB also updated its Q3 2027 guidance to 1.570-1.610 EPS.

MongoDB Price Performance

MongoDB stock traded down $19.16 during mid-day trading on Tuesday, hitting $434.21. The company’s stock had a trading volume of 3,120,514 shares, compared to its average volume of 1,858,418. The business has a 50 day moving average price of $367.65 and a 200-day moving average price of $321.78. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10. The stock has a market cap of $34.92 billion, a price-to-earnings ratio of -1,173.54, a price-to-earnings-growth ratio of 3,172.71 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last issued its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, equities research analysts expect that MongoDB will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MDB shares. Canaccord Genuity Group raised their target price on MongoDB from $375.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Truist Financial raised their price objective on MongoDB from $400.00 to $475.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Wall Street Zen lowered shares of MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday, July 26th. Royal Bank Of Canada lifted their price target on shares of MongoDB from $395.00 to $515.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Finally, Bank of America upped their price objective on shares of MongoDB from $390.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $458.65.

Insider Buying and Selling

In other news, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $383.16, for a total value of $15,326,400.00. Following the completion of the transaction, the director owned 161,762 shares of the company’s stock, valued at $61,980,727.92. The trade was a 19.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total transaction of $538,782.30. Following the completion of the transaction, the director owned 25,444 shares in the company, valued at approximately $8,754,008.20. The trade was a 5.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,696 shares of company stock valued at $31,425,055 over the last ninety days. Insiders own 2.60% of the company’s stock.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal Q2 revenue of $771.8 million, up 30% year over year and above analysts’ $735.0 million consensus estimate. Adjusted earnings per share were $1.90, beating expectations of $1.62. MongoDB Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised its full-year fiscal 2027 guidance, with the second-half increase driven primarily by Atlas, MongoDB’s cloud database platform. Atlas revenue grew approximately 29% year over year, while enterprise and other revenue increased approximately 36%. MongoDB Financial Results
• Positive Sentiment: Analyst sentiment improved ahead of and around the earnings report. Monness Crespi & Hardt raised its price target to $460 and maintained a buy rating, while Cantor Fitzgerald raised its target to $540 and maintained an overweight rating.
• Neutral Sentiment: Investors had been focused on whether AI-native customers were beginning to accelerate MongoDB’s growth. Atlas had been expected to deliver roughly 29%–30% growth for a fifth consecutive quarter, leaving the earnings outlook dependent on evidence of additional AI-driven upside. MongoDB Heads Into Q2 Earnings With AI Upside Still Unproven
• Negative Sentiment: MongoDB continued to report a negative net margin of 1.12% and negative return on equity of 1.39%. With the stock trading near its 52-week high and carrying demanding valuation metrics, strong results and higher guidance may not have been sufficient to satisfy investors.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the company. Mcguire Capital Advisors Inc. purchased a new position in MongoDB in the 4th quarter worth approximately $84,000. Geneos Wealth Management Inc. increased its holdings in shares of MongoDB by 79.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of MongoDB by 129.2% in the 4th quarter. Hollencrest Capital Management now owns 275 shares of the company’s stock worth $115,000 after purchasing an additional 155 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in shares of MongoDB in the third quarter worth $156,000. Finally, Arete Wealth Advisors LLC purchased a new position in shares of MongoDB in the fourth quarter worth $220,000. Institutional investors own 89.29% of the company’s stock.

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.