MongoDB (NASDAQ:MDB) Updates Q2 2026 Earnings Guidance

MongoDB (NASDAQ:MDB - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.620-0.660 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of $548.0 million-$553.0 million, compared to the consensus revenue estimate of $549.3 million. MongoDB also updated its FY 2026 guidance to 2.940-3.120 EPS.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $27.12 during trading on Thursday, hitting $226.85. The company's stock had a trading volume of 9,172,418 shares, compared to its average volume of 1,929,479. The company has a 50-day moving average of $174.22 and a 200-day moving average of $231.03. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of -82.79 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm's revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. As a group, research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MDB. Citigroup lowered their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Needham & Company LLC reiterated a "buy" rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday. Macquarie cut their price objective on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Cantor Fitzgerald upped their target price on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Stifel Nicolaus dropped their target price on MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $282.00.

Insiders Place Their Bets

In other news, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 268,948 shares in the company, valued at $46,597,930.48. This trade represents a 6.44% decrease in their ownership of the stock. 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. 3.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.