MongoDB (NASDAQ:MDB) Updates FY 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 5.950-6.140 for the period, compared to the consensus earnings per share estimate of 4.580. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $2.9 billion. MongoDB also updated its Q2 2027 guidance to 1.580-1.610 EPS.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $31.22 during trading on Thursday, hitting $325.68. 8,858,026 shares of the company were exchanged, compared to its average volume of 1,908,757. The company has a market cap of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. The stock has a 50 day moving average of $272.10 and a 200 day moving average of $333.73. MongoDB has a 52-week low of $182.43 and a 52-week high of $444.72.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Zacks Research raised shares of MongoDB from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Sanford C. Bernstein cut shares of MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Wall Street Zen cut shares of MongoDB from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Needham & Company LLC decreased their price target on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Finally, Cantor Fitzgerald increased their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.13.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total value of $390,450.78. Following the transaction, the director owned 24,093 shares of the company’s stock, valued at $6,007,107.69. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the completion of the transaction, the director directly owned 993,316 shares in the company, valued at approximately $295,998,234.84. This represents a 1.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 31,566 shares of company stock worth $8,744,791. 2.60% of the stock is owned by insiders.

Key Headlines 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

Several institutional investors have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC purchased a new stake in shares of MongoDB during the second quarter worth about $329,000. Arete Wealth Advisors LLC purchased a new stake in shares of MongoDB during the fourth quarter worth about $220,000. C M Bidwell & Associates Ltd. boosted its holdings in shares of MongoDB by 13.6% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 543 shares of the company’s stock worth $228,000 after purchasing an additional 65 shares during the period. Concorde Asset Management LLC purchased a new stake in shares of MongoDB during the fourth quarter worth about $222,000. Finally, DSM Capital Partners LLC purchased a new stake in shares of MongoDB during the fourth quarter worth about $230,000. 89.29% of the stock is currently owned by hedge funds and other 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.