MongoDB (NASDAQ:MDB) Releases Earnings Results, Beats Expectations By $0.13 EPS

MongoDB (NASDAQ:MDB) announced its quarterly earnings data on Thursday. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.13, FiscalAI reports. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $687.62 million for the quarter, compared to analysts’ expectations of $664.53 million. During the same period last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB updated its FY 2027 guidance to 5.950-6.140 EPS and its Q2 2027 guidance to 1.580-1.610 EPS.

Here are the key takeaways from MongoDB’s conference call:

• MongoDB reported Q1 revenue of $688 million, up 25% year over year and above the high end of guidance, while non-GAAP operating margin reached 18%, also ahead of expectations.
• Atlas remained the main growth engine, with revenue up 29.4% year over year and a record $117 million in dollar growth, marking the fourth straight quarter of at least 25% Atlas growth.
• Management said AI adoption is accelerating, with more than doubled Voyage customers quarter over quarter and vector search adoption growing faster than the company overall, though they emphasized core workloads are still the primary driver today.
• MongoDB raised its full-year fiscal 2027 outlook, now expecting revenue growth of 19% to 20% and operating margin expansion of 100 to 150 basis points, with Q2 revenue guided to $729 million to $734 million.
• The company highlighted Clarity Business Solutions as a strategic acquisition to deepen its U.S. federal business, alongside continued investment in AI, Japan, and go-to-market hiring, but noted EA revenue growth will be more modest and harder to predict in the second half.

MongoDB Stock Up 10.6%

NASDAQ:MDB opened at $325.68 on Friday. The company has a market capitalization of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. MongoDB has a 52-week low of $182.43 and a 52-week high of $444.72. The stock’s 50 day moving average price is $272.10 and its 200 day moving average price is $333.73.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director directly owned 470,896 shares in the company, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,566 shares of company stock valued at $8,744,791 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ValueAct Holdings L.P. grew its stake in shares of MongoDB by 206.8% in the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after purchasing an additional 1,427,700 shares during the last quarter. State Street Corp raised its stake in shares of MongoDB by 2.3% during the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock worth $754,119,000 after purchasing an additional 40,219 shares during the last quarter. Amundi lifted its holdings in shares of MongoDB by 61.3% during the third quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after purchasing an additional 563,995 shares during the period. AQR Capital Management LLC grew its position in MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Finally, Invesco Ltd. grew its position in MongoDB by 16.9% in the 4th quarter. Invesco Ltd. now owns 1,063,613 shares of the company’s stock valued at $446,388,000 after buying an additional 153,445 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MDB. Bank of America lifted their price objective on MongoDB from $350.00 to $375.00 in a research note on Tuesday, May 19th. Mizuho upgraded shares of MongoDB from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $290.00 to $325.00 in a report on Monday, March 23rd. Rosenblatt Securities restated a “buy” rating and issued a $385.00 price objective on shares of MongoDB in a report on Tuesday. Citigroup reiterated a “market outperform” rating on shares of MongoDB in a research note on Friday. Finally, Robert W. Baird raised their price target on MongoDB from $260.00 to $335.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th. Twenty-six equities research 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. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $374.13.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
• Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
• Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
• Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
• Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

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.