MongoDB (NASDAQ:MDB) Issues Earnings Results, Beats Expectations By $0.13 EPS

MongoDB (NASDAQ:MDB) posted its quarterly earnings data on Thursday. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.13, FiscalAI reports. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The business had revenue of $687.62 million during the quarter, compared to the consensus estimate of $664.53 million. During the same quarter last year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. MongoDB updated its FY 2027 guidance to 5.950-6.140 EPS and its Q2 2027 guidance to 1.580-1.610 EPS.

Here are the key takeaways from MongoDB’s conference call:

• MongoDB reported Q1 revenue of $688 million, up 25% year over year and above the high end of guidance, while non-GAAP operating margin reached 18%, also ahead of expectations.
• Atlas remained the main growth engine, with revenue up 29.4% year over year and a record $117 million in dollar growth, marking the fourth straight quarter of at least 25% Atlas growth.
• Management said AI adoption is accelerating, with more than doubled Voyage customers quarter over quarter and vector search adoption growing faster than the company overall, though they emphasized core workloads are still the primary driver today.
• MongoDB raised its full-year fiscal 2027 outlook, now expecting revenue growth of 19% to 20% and operating margin expansion of 100 to 150 basis points, with Q2 revenue guided to $729 million to $734 million.
• The company highlighted Clarity Business Solutions as a strategic acquisition to deepen its U.S. federal business, alongside continued investment in AI, Japan, and go-to-market hiring, but noted EA revenue growth will be more modest and harder to predict in the second half.

MongoDB Trading Up 3.0%

Shares of NASDAQ:MDB opened at $335.55 on Friday. The company has a 50 day moving average of $273.44 and a 200 day moving average of $333.74. The stock has a market cap of $26.97 billion, a P/E ratio of -906.89 and a beta of 1.48. MongoDB has a 12 month low of $182.43 and a 12 month high of $444.72.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB reported Q1 earnings of $1.32 per share, ahead of estimates, while revenue rose 25% year over year to $687.6 million, topping forecasts. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised full-year fiscal 2027 guidance, with stronger-than-expected revenue and EPS targets, which suggests continued momentum in the business. MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Atlas cloud database growth remained a key driver, with strong customer expansion and AI-related demand helping support the company’s growth story. MongoDB Q1 Earnings & Revenues Surpass Estimates, Increases Y/Y
• Positive Sentiment: Multiple brokerages raised price targets or reaffirmed bullish ratings, including Citigroup, Bank of America, Wedbush, Oppenheimer, Mizuho, Scotiabank, Barclays, Guggenheim, and others, reinforcing investor optimism after the results. Analyst rating and price target updates
• Neutral Sentiment: Some commentary noted that the stock had an initial sharp after-hours surge before easing back, reflecting volatile trading around the earnings release. Why MDB Stock Is Up Overnight After Wild Ride Today
• Neutral Sentiment: Some articles framed MongoDB as a high-expectations AI/database winner, but also highlighted competitive and execution risks that could matter if growth slows. MongoDB Likely to See AI as Growth Tailwind Soon Following Quarterly Beat, Morgan Stanley Says

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $314.98, for a total transaction of $1,889,880.00. Following the completion of the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The sale 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 Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the sale, the director owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,566 shares of company stock valued at $8,744,791. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of MDB. Geneos Wealth Management Inc. lifted its holdings in shares of MongoDB by 79.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of MongoDB in the fourth quarter worth $84,000. Hollencrest Capital Management increased its stake in shares of MongoDB by 129.2% in the fourth quarter. Hollencrest Capital Management now owns 275 shares of the company’s stock worth $115,000 after buying an additional 155 shares during the period. State of Wyoming increased its position in MongoDB by 82.1% during the 2nd quarter. State of Wyoming now owns 641 shares of the company’s stock valued at $135,000 after purchasing an additional 289 shares during the period. Finally, Quadrant Capital Group LLC purchased a new position in MongoDB during the 3rd quarter valued at $156,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on MDB shares. Wedbush raised 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $395.00 target price on shares of MongoDB in a research note on Tuesday, May 19th. Cantor Fitzgerald lifted their target price on shares of MongoDB from $378.00 to $416.00 and gave the stock an “overweight” rating in a research note on Tuesday. Robert W. Baird lifted their target price on shares of MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Finally, Piper Sandler lifted their target price on shares of MongoDB from $330.00 to $400.00 and gave the stock an “overweight” rating in a research note on Friday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $390.43.

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.