MongoDB (NASDAQ:MDB) Releases FY 2027 Earnings Guidance

Key Points

• MongoDB raised its FY 2027 outlook, guiding for EPS of 5.95 to 6.14 versus the consensus estimate of 4.58. It also projected revenue of $2.9 billion to $3.0 billion, roughly in line with Wall Street expectations.
• The company also updated Q2 2027 EPS guidance to 1.58 to 1.61, signaling stronger profitability expectations ahead.
• Shares jumped 10.6% after the guidance update, with the stock trading higher on heavy volume as investors reacted positively to the outlook.

MongoDB (NASDAQ:MDB - Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.950-6.140 for the period, compared to the consensus estimate of 4.580. The company issued revenue guidance of $2.9 billion-$3.0 billion, compared to the consensus revenue estimate of $2.9 billion. MongoDB also updated its Q2 2027 guidance to 1.580-1.610 EPS.

MongoDB Trading Up 10.6%

Shares of NASDAQ:MDB traded up $31.22 during mid-day trading on Thursday, hitting $325.68. 8,858,026 shares of the company traded hands, compared to its average volume of 1,908,757. The stock has a 50-day moving average price of $271.03 and a two-hundred day moving average price of $333.98. MongoDB has a 12-month low of $182.43 and a 12-month high of $444.72. The stock has a market cap of $26.17 billion, a P/E ratio of -370.09 and a beta of 1.48.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.14. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $687.62 million for the quarter, compared to analysts' expectations of $664.53 million. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, analysts expect that MongoDB will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Oppenheimer cut their price objective on MongoDB from $425.00 to $375.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 3rd. UBS Group cut their price objective on MongoDB from $440.00 to $275.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 3rd. Monness Crespi & Hardt cut their price objective on MongoDB from $475.00 to $370.00 and set a "buy" rating on the stock in a research report on Tuesday, March 3rd. Cantor Fitzgerald boosted their price objective on MongoDB from $378.00 to $416.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $374.13.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the sale, the director directly owned 470,896 shares in the company, valued at $148,322,822.08. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at approximately $6,007,107.69. The trade was a 6.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 31,566 shares of company stock worth $8,744,791. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of MongoDB

Several hedge funds have recently made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of MongoDB during the 4th quarter valued at $84,000. T. Rowe Price Investment Management Inc. raised its stake in shares of MongoDB by 0.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 574,987 shares of the company's stock valued at $241,317,000 after purchasing an additional 3,014 shares during the period. Compound Planning Inc. raised its stake in shares of MongoDB by 45.1% during the 4th quarter. Compound Planning Inc. now owns 972 shares of the company's stock valued at $408,000 after purchasing an additional 302 shares during the period. Invesco Ltd. raised its stake in shares of MongoDB by 16.9% during the 4th quarter. Invesco Ltd. now owns 1,063,613 shares of the company's stock valued at $446,388,000 after purchasing an additional 153,445 shares during the period. Finally, Corient Private Wealth LLC raised its stake in shares of MongoDB by 481.7% during the 4th quarter. Corient Private Wealth LLC now owns 18,288 shares of the company's stock valued at $7,675,000 after purchasing an additional 15,144 shares during the period. 89.29% of the stock is currently owned by institutional investors.

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.

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