MongoDB (NASDAQ:MDB) Updates Q2 2027 Earnings Guidance

Key Points

• MongoDB raised its Q2 FY2027 guidance, projecting EPS of $1.58 to $1.61 versus the consensus estimate of $0.96. Revenue guidance was also lifted to $729 million to $734 million, above the $699.2 million expectation.
• The company also updated its full-year FY2027 EPS guidance to $5.95 to $6.14, signaling stronger profitability expectations for the year.
• MongoDB shares traded sharply higher on the update, rising $31.22 to $325.68 in Thursday trading, reflecting a positive market reaction to the improved outlook.

MongoDB (NASDAQ:MDB - Get Free Report) issued an update on its second quarter 2027 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.580-1.610 for the period, compared to the consensus earnings per share estimate of 0.960. The company issued revenue guidance of $729.0 million-$734.0 million, compared to the consensus revenue estimate of $699.2 million. MongoDB also updated its FY 2027 guidance to 5.950-6.140 EPS.

MongoDB Price Performance

MongoDB stock traded up $31.22 during trading hours on Thursday, hitting $325.68. The company had a trading volume of 8,858,026 shares, compared to its average volume of 1,908,757. The firm has a market cap of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. MongoDB has a one year low of $182.43 and a one year high of $444.72. The firm has a 50-day moving average of $271.03 and a 200 day moving average of $333.98.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.18 by $0.14. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The company 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, research analysts expect that MongoDB will post -0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MDB shares. Barclays lowered their target price on shares of MongoDB from $440.00 to $370.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Zacks Research raised shares of MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $395.00 target price on shares of MongoDB in a report on Tuesday, May 19th. Wedbush lowered their target price on shares of MongoDB from $440.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, March 3rd. Finally, Wells Fargo & Company lowered their target price on shares of MongoDB from $450.00 to $375.00 and set an "overweight" rating on the stock in a report on Tuesday, March 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $374.13.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $297.99, for a total value of $2,979,900.00. Following the sale, the director owned 993,316 shares in the company, valued at $295,998,234.84. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the firm's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the sale, the director owned 24,093 shares in the company, valued at $6,007,107.69. This represents a 6.10% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,566 shares of company stock worth $8,744,791 over the last three months. 2.60% of the stock is currently owned by insiders.

Trending Headlines about MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: MongoDB beat Wall Street expectations in Q1, reporting adjusted EPS of $1.32 versus $1.18 expected and revenue of $687.6 million versus $664.5 million forecast, signaling solid execution and continued demand for its platform. Article Title
• Positive Sentiment: The company raised full-year FY2027 guidance, with EPS now projected at $5.95-$6.14 versus $4.58 expected and revenue guided to roughly $2.9 billion-$3.0 billion, above consensus. Article Title
• Positive Sentiment: MongoDB also lifted Q2 FY2027 guidance, forecasting EPS of $1.58-$1.61 and revenue of $729-$734 million, both well ahead of analyst expectations. Article Title
• Positive Sentiment: Management said growth was driven by strength in Atlas, enterprise adoption, and emerging AI-related use cases, reinforcing the bullish growth narrative for MDB. Article Title
• Neutral Sentiment: Canaccord Genuity raised its price target on MongoDB to $400 and reiterated a buy rating, which adds to positive sentiment but does not change fundamentals directly. Article Title

Institutional Trading of MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Mcguire Capital Advisors Inc. acquired a new stake in MongoDB in the fourth quarter valued at approximately $84,000. Geneos Wealth Management Inc. boosted its position in MongoDB by 79.7% in the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company's stock valued at $46,000 after buying an additional 98 shares in the last quarter. Hollencrest Capital Management boosted its position in MongoDB by 129.2% in the fourth quarter. Hollencrest Capital Management now owns 275 shares of the company's stock valued at $115,000 after buying an additional 155 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in MongoDB in the third quarter valued at approximately $156,000. Finally, Arete Wealth Advisors LLC acquired a new stake in MongoDB in the fourth quarter valued at approximately $220,000. 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.

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