DA Davidson Has Strong Forecast for MongoDB FY2026 Earnings

MongoDB, Inc. (NASDAQ:MDB - Free Report) - DA Davidson increased their FY2026 earnings per share estimates for shares of MongoDB in a report issued on Thursday, June 5th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of ($1.92) per share for the year, up from their previous forecast of ($2.43). DA Davidson has a "Buy" rating and a $275.00 price target on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share. DA Davidson also issued estimates for MongoDB's FY2027 earnings at ($1.86) EPS.

A number of other research analysts have also issued reports on the stock. Oppenheimer dropped their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Cantor Fitzgerald boosted their target price on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Piper Sandler raised their price target on MongoDB from $200.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. UBS Group lifted their price target on MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, June 5th. Finally, Citigroup dropped their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $282.47.

MongoDB Stock Performance

MongoDB stock traded up $0.06 during trading hours on Monday, reaching $210.66. 2,180,859 shares of the stock were exchanged, compared to its average volume of 1,956,293. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The stock has a market cap of $17.10 billion, a P/E ratio of -76.88 and a beta of 1.39. The firm's 50 day moving average is $179.38 and its 200 day moving average is $227.94.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 21.8% compared to the same quarter last year.

Insider Transactions at MongoDB

In related news, insider Cedric Pech sold 1,690 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total value of $468,000.00. Following the transaction, the director now owns 1,107,006 shares in the company, valued at $259,039,404. This trade represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock worth $10,167,739 over the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of MongoDB by 12.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,443 shares of the company's stock valued at $45,501,000 after buying an additional 21,308 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in MongoDB by 20.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,382 shares of the company's stock valued at $1,719,000 after acquiring an additional 1,274 shares during the last quarter. Stephens Investment Management Group LLC grew its position in MongoDB by 34.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 41,183 shares of the company's stock valued at $9,588,000 after acquiring an additional 10,519 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in MongoDB during the fourth quarter valued at about $15,522,000. Finally, Sycomore Asset Management increased its stake in MongoDB by 22.3% during the fourth quarter. Sycomore Asset Management now owns 41,780 shares of the company's stock worth $9,727,000 after acquiring an additional 7,607 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.