MongoDB (NASDAQ:MDB) Releases Q3 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) updated its third quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.570-1.610 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays lifted their price objective on shares of MongoDB from $387.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 26th. Truist Financial lifted their target price on MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Piper Sandler upped their target price on MongoDB from $330.00 to $400.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. KGI Securities started coverage on shares of MongoDB in a report on Wednesday, July 8th. They issued an “outperform” rating and a $470.00 price target on the stock. Finally, Wedbush raised their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $458.65.

MongoDB Stock Performance

Shares of MongoDB stock traded down $19.16 on Tuesday, hitting $434.21. The company’s stock had a trading volume of 2,919,909 shares, compared to its average volume of 1,853,676. MongoDB has a 1 year low of $215.68 and a 1 year high of $473.10. The firm has a fifty day moving average price of $367.65 and a 200-day moving average price of $321.78. The company has a market capitalization 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 announced its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.28. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $771.77 million during the quarter, compared to the consensus estimate 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, analysts forecast that MongoDB will post 0.01 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the sale, the director directly owned 452,896 shares in the company, valued at $204,595,768. This represents a 1.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction on 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 sale, the director directly owned 161,762 shares of the company’s stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 80,696 shares of company stock worth $31,425,055 over the last three months. 2.60% of the stock is owned by corporate 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 Investors Weigh In On MongoDB

Institutional investors have recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new position in MongoDB in the second quarter valued at approximately $329,000. Virtue Capital Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $235,000. Bridgewater Associates LP purchased a new position in shares of MongoDB in the 4th quarter valued at $235,000. Smartleaf Asset Management LLC grew its position in shares of MongoDB by 21.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 556 shares of the company’s stock valued at $234,000 after buying an additional 99 shares during the last quarter. Finally, DSM Capital Partners LLC acquired a new stake in MongoDB during the 4th quarter worth $230,000. 89.29% of the stock is 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.