MongoDB (NASDAQ:MDB) Releases Q3 2027 Earnings Guidance

Key Points

• MongoDB raised its fiscal Q3 2027 guidance to adjusted EPS of $1.57–$1.61 and revenue of $756–$761 million, above consensus estimates of $1.20 EPS and $743.9 million in revenue. Full-year EPS guidance was set at $6.39–$6.58.
• The company’s latest quarter exceeded expectations, with adjusted EPS of $1.90 versus $1.62 expected and revenue of $771.8 million versus $735.0 million. Revenue increased 30% year over year, supported by growth in its Atlas cloud platform.
• Despite broadly positive analyst sentiment and a “Moderate Buy” consensus rating, MongoDB shares fell $19.16 to $434.21, while the company continued to report a negative net margin and insiders sold more than $31 million of stock over the past 90 days.

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

MongoDB Stock Performance

Shares of NASDAQ MDB traded down $19.16 during trading on Tuesday, hitting $434.21. The company had a trading volume of 2,919,909 shares, compared to its average volume of 1,853,676. The stock has a 50 day simple moving average of $367.65 and a 200 day simple moving average of $321.78. The firm has a market capitalization of $34.92 billion, a P/E ratio of -1,173.54, a price-to-earnings-growth ratio of 3,172.71 and a beta of 1.55. MongoDB has a 12 month low of $215.68 and a 12 month high of $473.10.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.28. The company had revenue of $771.77 million for the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. 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, analysts predict that MongoDB will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MDB. Weiss Ratings upgraded MongoDB from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Thursday, August 13th. Monness Crespi & Hardt boosted their price target on shares of MongoDB from $415.00 to $460.00 and gave the stock a "buy" rating in a research report on Monday. Oppenheimer upped their price target on shares of MongoDB from $410.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Morgan Stanley increased their price objective on shares of MongoDB from $335.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, May 29th. Finally, BMO Capital Markets boosted their target price on shares of MongoDB from $375.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $458.65.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,000 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the transaction, the director directly owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction dated Monday, June 15th. The shares were 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 of the company's stock, valued at $534,945. The trade was a 76.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 80,696 shares of company stock worth $31,425,055. 2.60% of the stock is currently owned by company insiders.

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.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in shares of MongoDB by 79.7% during the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $46,000 after buying an additional 98 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in MongoDB during the fourth quarter valued at approximately $84,000. Hollencrest Capital Management raised its position in shares of MongoDB by 129.2% in the 4th quarter. Hollencrest Capital Management now owns 275 shares of the company's stock worth $115,000 after acquiring an additional 155 shares in the last quarter. State of Wyoming lifted its stake in shares of MongoDB by 82.1% during the 2nd quarter. State of Wyoming now owns 641 shares of the company's stock worth $135,000 after purchasing an additional 289 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in MongoDB during the third quarter valued at about $156,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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