MongoDB (NASDAQ:MDB) Releases Q3 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its third quarter 2027 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.570-1.610 for the period, compared to the consensus earnings per share estimate of 1.200. The company issued revenue guidance of $756.0 million-$761.0 million, compared to the consensus revenue estimate of $743.9 million. MongoDB also updated its FY 2027 guidance to 6.390-6.580 EPS.

MongoDB Stock Performance

MDB stock opened at $375.40 on Thursday. The company has a market capitalization of $30.19 billion, a P/E ratio of 528.73, a price-to-earnings-growth ratio of 2,412.28 and a beta of 1.58. The business has a 50-day simple moving average of $371.38 and a two-hundred day simple moving average of $322.40. MongoDB has a 52-week low of $215.68 and a 52-week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.07%. The company had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. As a group, sell-side analysts forecast that MongoDB will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Wall Street Zen lowered MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Wells Fargo & Company lifted their target price on MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wedbush raised their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $471.81.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. The trade was a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $451.75, for a total transaction of $2,710,500.00. Following the sale, the director owned 452,896 shares in the company, valued at $204,595,768. The trade was a 1.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 40,696 shares of company stock valued at $16,098,655 over the last three months. 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 reported fiscal second-quarter revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations near $1.62. Enterprise Advanced revenue grew approximately 36%, while management cited increasing customer adoption of artificial intelligence workloads. MongoDB Fiscal 2027 Second-Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook to approximately $2.99 billion-$3.03 billion in revenue and $6.39-$6.58 in adjusted EPS. Third-quarter guidance of $756 million-$761 million in revenue and $1.57-$1.61 in adjusted EPS also topped consensus expectations. Several analysts remained bullish: Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets or reiterated favorable ratings. Analyst Forecast Revisions
• Neutral Sentiment: Management highlighted strong Atlas demand, record customer additions and early AI traction, but Chief Executive Officer Ed Desai said the expected Atlas growth inflection may still be a few quarters away. That timing leaves investors waiting for clearer evidence that AI-related demand will accelerate growth. MongoDB CEO Comments on Atlas Growth
• Negative Sentiment: Atlas, MongoDB’s key cloud platform, grew about 29% year over year—solid performance, but insufficient for elevated market expectations. Investors also remain concerned about AI infrastructure costs and the possibility that growth will not accelerate soon. The selloff reflects valuation sensitivity and profit-taking after a strong run, despite the earnings beat and raised guidance. Analysts Discuss Atlas Growth

Hedge Funds Weigh In On MongoDB

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after purchasing an additional 327 shares during the period. NewEdge Advisors LLC increased its stake in MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after acquiring an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB in the 2nd quarter valued at about $329,000. Cresset Asset Management LLC boosted its position in shares of MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after acquiring an additional 370 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of MongoDB by 28.3% during the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after purchasing an additional 2,697 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

About MongoDB

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.