MongoDB (NASDAQ:MDB) Announces Quarterly Earnings Results, Beats Expectations By $0.35 EPS

MongoDB (NASDAQ:MDB - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35, Briefing.com reports. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business's quarterly revenue was up 21.8% on a year-over-year basis. MongoDB updated its FY 2026 guidance to 2.940-3.120 EPS and its Q2 2026 guidance to 0.620-0.660 EPS.

MongoDB Stock Performance

Shares of MDB traded up $27.33 during mid-day trading on Thursday, hitting $227.06. 8,109,372 shares of the company were exchanged, compared to its average volume of 1,925,438. MongoDB has a 1-year low of $140.78 and a 1-year high of $370.00. The company has a 50 day moving average of $174.22 and a 200-day moving average of $231.03. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of -82.87 and a beta of 1.40.

Insider Buying and Selling

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the completion of the sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,203 shares of company stock worth $3,848,569 in the last 90 days. Insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On MongoDB

A hedge fund recently raised its stake in MongoDB stock. Integrated Wealth Concepts LLC raised its holdings in MongoDB, Inc. (NASDAQ:MDB - Free Report) by 31.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,363 shares of the company's stock after buying an additional 327 shares during the period. Integrated Wealth Concepts LLC's holdings in MongoDB were worth $239,000 as of its most recent SEC filing. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MDB shares. Monness Crespi & Hardt upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 price target for the company in a research report on Thursday. Barclays increased their target price on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America decreased their target price on MongoDB from $420.00 to $286.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Daiwa Capital Markets assumed coverage on MongoDB in a research report on Tuesday, April 1st. They set an "outperform" rating and a $202.00 price objective for the company. Finally, UBS Group increased their target price on MongoDB from $213.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $282.34.

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.