MongoDB (NASDAQ:MDB) Releases FY 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided 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 Trading Down 4.2%

NASDAQ:MDB traded down $19.16 during mid-day trading on Tuesday, hitting $434.21. The stock had a trading volume of 2,919,909 shares, compared to its average volume of 1,853,676. The company has a 50 day simple moving average of $367.65 and a 200-day simple moving average of $321.78. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of -1,173.54, a P/E/G ratio of 3,172.71 and a beta of 1.55. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $771.77 million during the quarter, compared to analysts’ expectations of $735.01 million. 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, equities research analysts anticipate that MongoDB will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, July 10th. Wedbush upped 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. Stifel Nicolaus set a $475.00 price objective on shares of MongoDB in a report on Tuesday, August 18th. Morgan Stanley increased their price objective on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Finally, KGI Securities started coverage on MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $458.65.

Insider Buying and Selling at MongoDB

In other MongoDB news, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction on Monday, June 15th. The shares were sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the completion of the transaction, the chief financial officer directly owned 1,500 shares of the company’s stock, valued at $534,945. The trade was a 76.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the completion of the sale, the director directly owned 161,762 shares of the company’s stock, valued at approximately $61,980,727.92. The trade was a 19.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 80,696 shares of company stock worth $31,425,055 in the last three months. 2.60% of the stock is currently owned by company insiders.

Key Stories Impacting 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 Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Geneos Wealth Management Inc. raised its holdings in MongoDB by 79.7% in 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 during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in MongoDB during the fourth quarter worth about $84,000. Hollencrest Capital Management grew its holdings 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 purchasing an additional 155 shares during the last quarter. State of Wyoming increased its stake in shares of MongoDB by 82.1% during the second quarter. State of Wyoming now owns 641 shares of the company’s stock valued at $135,000 after buying an additional 289 shares during the period. Finally, Quadrant Capital Group LLC bought a new position in shares of MongoDB in the 3rd quarter worth about $156,000. 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.