MongoDB (MDB) Projected to Post Quarterly Earnings on Tuesday

Key Points

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MongoDB (NASDAQ:MDB - Get Free Report) is projected to post its Q2 2026 quarterly earnings results after the market closes on Tuesday, August 26th. Analysts expect MongoDB to post earnings of $0.64 per share and revenue of $553.23 million for the quarter. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS and its Q2 2026 guidance at 0.620-0.660 EPS.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts expect MongoDB to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

MongoDB Stock Performance

MDB opened at $227.06 on Tuesday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The company has a fifty day moving average of $215.59 and a two-hundred day moving average of $208.31. The stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of -199.18 and a beta of 1.44.

Analysts Set New Price Targets

MDB has been the topic of several research reports. Barclays raised their target price on MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research report on Thursday, June 5th. William Blair reiterated an "outperform" rating on shares of MongoDB in a report on Thursday, June 26th. Wedbush reiterated an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research note on Thursday, June 5th. Zacks Research upgraded MongoDB to a "hold" rating in a report on Friday, August 8th. Finally, Loop Capital lowered shares of MongoDB from a "buy" rating to a "hold" rating and lowered their target price for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $283.46.

Insider Activity

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the completion of the transaction, the chief executive officer owned 256,974 shares of the company's stock, valued at $60,131,916. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,416 shares of company stock valued at $11,936,656. 3.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of MDB. AQR Capital Management LLC grew its holdings in MongoDB by 2,567.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock worth $233,435,000 after acquiring an additional 1,069,969 shares in the last quarter. Alliancebernstein L.P. increased its holdings in MongoDB by 307.3% during the second quarter. Alliancebernstein L.P. now owns 108,379 shares of the company's stock valued at $22,759,000 after buying an additional 81,770 shares during the period. State Street Corp raised its stake in MongoDB by 5.0% in the second quarter. State Street Corp now owns 1,693,194 shares of the company's stock worth $355,554,000 after buying an additional 80,334 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in MongoDB during the second quarter worth $14,220,000. Finally, Quantinno Capital Management LP boosted its position in MongoDB by 333.7% during the 2nd quarter. Quantinno Capital Management LP now owns 74,934 shares of the company's stock valued at $15,736,000 after acquiring an additional 57,657 shares in the last quarter. Institutional investors own 89.29% of the company's stock.

About MongoDB

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.

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