MongoDB (NASDAQ:MDB) Posts Earnings Results, Beats Estimates By $0.28 EPS

MongoDB (NASDAQ:MDB) announced its earnings results on Tuesday. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.28, FiscalAI reports. The firm had revenue of $771.77 million during the quarter, compared to the consensus estimate of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%. MongoDB updated its Q3 2027 guidance to 1.570-1.610 EPS and its FY 2027 guidance to 6.390-6.580 EPS.

MongoDB Price Performance

Shares of MDB 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. The company has a market capitalization of $34.92 billion, a PE ratio of -1,173.54, a PEG ratio of 3,172.71 and a beta of 1.55. MongoDB has a fifty-two week low of $215.68 and a fifty-two week high of $473.10. The company has a 50 day moving average price of $367.65 and a 200 day moving average price of $321.78.

Insiders Place Their Bets

In other news, CFO Michael J. Berry sold 5,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. This represents a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the transaction, the director directly owned 25,444 shares of the company’s stock, valued at $8,754,008.20. This represents a 5.80% decrease in their ownership of the stock. 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 90 days, insiders have sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDB. Mcguire Capital Advisors Inc. bought a new stake in shares of MongoDB during the fourth quarter worth $84,000. Geneos Wealth Management Inc. increased its position in MongoDB by 79.7% in the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after purchasing an additional 98 shares during the period. Hollencrest Capital Management raised its holdings in MongoDB by 129.2% during the 4th quarter. Hollencrest Capital Management now owns 275 shares of the company’s stock worth $115,000 after purchasing an additional 155 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in MongoDB during the 3rd quarter worth about $156,000. Finally, Arete Wealth Advisors LLC acquired a new position in MongoDB during the 4th quarter valued at about $220,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB News Roundup

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.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. DA Davidson upped their target price on shares of MongoDB from $375.00 to $465.00 and gave the company a “buy” rating in a research note on Wednesday, August 26th. Stifel Nicolaus set a $475.00 target price on shares of MongoDB in a research note on Tuesday, August 18th. Bank of America boosted their price target on MongoDB from $390.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Mizuho raised their price objective on MongoDB from $325.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Monness Crespi & Hardt boosted their price objective on MongoDB from $415.00 to $460.00 and gave the company a “buy” rating in a research report on Monday. Two equities 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $458.65.

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.