MongoDB (NASDAQ:MDB) Updates Q3 2027 Earnings Guidance

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Truist Financial raised their target price on shares of MongoDB from $400.00 to $475.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Royal Bank Of Canada upped their target price on MongoDB from $395.00 to $515.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Evercore initiated coverage on MongoDB in a research report on Friday, August 21st. They set an “outperform” rating and a $525.00 price target on the stock. Finally, Cantor Fitzgerald boosted their price objective on MongoDB from $416.00 to $540.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $458.65.

MongoDB Stock Down 4.2%

MDB traded down $19.16 during trading on Tuesday, reaching $434.21. The stock had a trading volume of 3,120,514 shares, compared to its average volume of 1,858,418. The stock has a 50 day moving average of $367.65 and a two-hundred day moving average of $321.78. The firm 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 has a 1-year low of $215.68 and a 1-year high of $473.10.

MongoDB (NASDAQ:MDB) last released its earnings results on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates 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 for 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. On average, research analysts forecast that MongoDB will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Dev Ittycheria sold 40,000 shares of MongoDB stock in a transaction on Thursday, June 4th. The shares were 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the sale, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. The trade was a 5.80% 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. Insiders sold a total of 80,696 shares of company stock valued at $31,425,055 over the last ninety days. Corporate insiders own 2.60% of the company’s stock.

Key MongoDB News

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

Several institutional investors have recently modified their holdings of the company. ValueAct Holdings L.P. lifted its holdings in shares of MongoDB by 206.8% during the 3rd quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock worth $657,447,000 after acquiring an additional 1,427,700 shares during the period. State Street Corp increased its stake in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after acquiring an additional 40,219 shares during the period. Amundi raised its position in MongoDB by 61.3% in 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 in the last quarter. AQR Capital Management LLC raised its position in MongoDB by 2,567.2% in the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Finally, Invesco Ltd. raised its position in MongoDB by 16.9% in the fourth quarter. Invesco Ltd. now owns 1,063,613 shares of the company’s stock worth $446,388,000 after purchasing an additional 153,445 shares in the last quarter. Institutional investors and hedge funds 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.