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 earnings per share (EPS) guidance of 6.390-6.580 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wedbush boosted their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. KGI Securities initiated coverage on MongoDB in a research note on Wednesday, July 8th. They set an “outperform” rating and a $470.00 price objective for the company. DA Davidson restated a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of MongoDB from $375.00 to $475.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Finally, Wall Street Zen downgraded shares of MongoDB from a “buy” rating to a “hold” rating in a research report on Sunday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $471.81.

MongoDB Stock Down 13.5%

MDB opened at $375.40 on Thursday. The company has a market capitalization of $30.19 billion, a PE ratio of 528.73, a price-to-earnings-growth ratio of 2,412.28 and a beta of 1.58. The firm has a 50-day simple moving average of $371.38 and a two-hundred day simple moving average of $322.40. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10.

MongoDB (NASDAQ:MDB) last announced its earnings results 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 net margin of 2.12% and a return on equity of 1.07%. The firm had revenue of $771.77 million for the quarter, compared to analysts’ expectations of $735.01 million. During the same period in the prior year, the company earned $1.00 EPS. The business’s revenue was up 30.5% compared to the same quarter last year. 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, sell-side analysts expect that MongoDB will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the transaction, the director owned 29,326 shares in the company, valued at $10,264,100. The trade was a 3.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 452,896 shares of the company’s stock, valued at $204,595,768. This represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 40,696 shares of company stock valued at $16,098,655 in the last ninety days. 2.60% of the stock is owned by company insiders.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported fiscal second-quarter revenue of $771.8 million, up 30.5% year over year and above the roughly $735 million consensus estimate. Adjusted EPS of $1.90 also exceeded expectations near $1.62. Enterprise Advanced revenue grew approximately 36%, while management cited increasing customer adoption of artificial intelligence workloads. MongoDB Fiscal 2027 Second-Quarter Results
• Positive Sentiment: The company raised its fiscal 2027 outlook to approximately $2.99 billion-$3.03 billion in revenue and $6.39-$6.58 in adjusted EPS. Third-quarter guidance of $756 million-$761 million in revenue and $1.57-$1.61 in adjusted EPS also topped consensus expectations. Several analysts remained bullish: Goldman Sachs raised its price target to $520, while Barclays, Mizuho, Scotiabank and Rosenblatt also increased targets or reiterated favorable ratings. Analyst Forecast Revisions
• Neutral Sentiment: Management highlighted strong Atlas demand, record customer additions and early AI traction, but Chief Executive Officer Ed Desai said the expected Atlas growth inflection may still be a few quarters away. That timing leaves investors waiting for clearer evidence that AI-related demand will accelerate growth. MongoDB CEO Comments on Atlas Growth
• Negative Sentiment: Atlas, MongoDB’s key cloud platform, grew about 29% year over year—solid performance, but insufficient for elevated market expectations. Investors also remain concerned about AI infrastructure costs and the possibility that growth will not accelerate soon. The selloff reflects valuation sensitivity and profit-taking after a strong run, despite the earnings beat and raised guidance. Analysts Discuss Atlas Growth

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in shares of MongoDB during the second quarter valued at $329,000. C M Bidwell & Associates Ltd. grew its holdings in MongoDB by 13.6% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 543 shares of the company’s stock worth $228,000 after acquiring an additional 65 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in MongoDB during the 4th quarter valued at about $227,000. Concorde Asset Management LLC purchased a new position in MongoDB during the 4th quarter valued at about $222,000. Finally, Arete Wealth Advisors LLC bought a new stake in shares of MongoDB in the 4th quarter valued at about $220,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.