MongoDB (NASDAQ:MDB) Updates FY 2027 Earnings Guidance

Key Points

• MongoDB raised its FY 2027 EPS guidance to $6.39–$6.58, well above the $4.91 analyst consensus, while maintaining revenue guidance of approximately $3.0 billion. Q3 EPS guidance was set at $1.57–$1.61.
• The company’s latest quarter exceeded expectations, with revenue of $771.8 million and adjusted EPS of $1.90 versus estimates of $735.0 million and $1.62, respectively. Atlas revenue grew roughly 29% year over year, helping drive the upgraded outlook.
• Despite broadly positive analyst sentiment and a “Moderate Buy” consensus, MongoDB shares fell 4.2% to $434.21, amid demanding valuation metrics and continued negative net margin and return on equity. Insiders sold approximately $31.4 million of stock over the past 90 days.

MongoDB (NASDAQ:MDB - Get Free Report) updated its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 6.390-6.580 for the period, compared to the consensus earnings per share 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 Ratings Changes

A number of research analysts recently commented on the stock. Evercore assumed coverage on shares of MongoDB in a report on Friday, August 21st. They issued an "outperform" rating and a $525.00 price target for the company. Zacks Research upgraded MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Rosenblatt Securities restated a "buy" rating and set a $385.00 price objective on shares of MongoDB in a report on Tuesday, May 26th. Citizens Jmp lifted their target price on MongoDB from $366.00 to $519.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 19th. Finally, BMO Capital Markets upped their target price on MongoDB from $375.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $458.65.

MongoDB Stock Down 4.2%

NASDAQ:MDB traded down $19.16 on Tuesday, reaching $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 firm has a market cap of $34.92 billion, a price-to-earnings 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. The stock has a 50 day moving average price of $367.65 and a 200 day moving average price of $321.78.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $771.77 million during the quarter, compared to analysts' expectations of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. Equities research analysts expect that MongoDB will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Hope F. Cochran sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director owned 29,326 shares in the company, valued at approximately $10,264,100. The trade was a 3.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 transaction, the director owned 452,896 shares in the company, valued at $204,595,768. This represents a 1.31% 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. Insiders sold a total of 80,696 shares of company stock worth $31,425,055 over the last 90 days. Insiders own 2.60% of the company's stock.

Trending Headlines about MongoDB

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.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of MDB. Lido Advisors LLC increased its stake in shares of MongoDB by 3.4% during the 4th quarter. Lido Advisors LLC now owns 1,092 shares of the company's stock valued at $458,000 after acquiring an additional 36 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of MongoDB by 7.4% during the third quarter. Brooklyn Investment Group now owns 679 shares of the company's stock worth $211,000 after purchasing an additional 47 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its position in MongoDB by 13.6% in the 4th quarter. C M Bidwell & Associates Ltd. now owns 543 shares of the company's stock valued at $228,000 after buying an additional 65 shares during the last quarter. United Capital Financial Advisors LLC increased its holdings in MongoDB by 4.5% during the 3rd quarter. United Capital Financial Advisors LLC now owns 1,544 shares of the company's stock worth $479,000 after purchasing an additional 66 shares during the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in MongoDB by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,913 shares of the company's stock worth $1,642,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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