Wedbush Forecasts MongoDB's Q3 Earnings (NASDAQ:MDB)

Key Points

• Wedbush analysts have raised their Q3 2026 earnings estimates for MongoDB to ($0.54) per share, improving from a previous estimate of ($0.63).
• The stock currently holds a consensus rating of "Moderate Buy" from analysts, with a target price of approximately $310.86.
• MongoDB's recent quarterly results showed a revenue increase of 21.8% year-over-year, reporting $549.01 million compared to analyst expectations of $527.49 million.

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Equities research analysts at Wedbush upped their Q3 2026 EPS estimates for shares of MongoDB in a note issued to investors on Wednesday, August 27th. Wedbush analyst D. Ives now forecasts that the company will earn ($0.54) per share for the quarter, up from their previous estimate of ($0.63). Wedbush has a "Outperform" rating and a $300.00 price objective on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share. Wedbush also issued estimates for MongoDB's Q4 2026 earnings at ($0.45) EPS, FY2026 earnings at ($1.46) EPS, Q1 2027 earnings at ($0.61) EPS, Q2 2027 earnings at ($0.56) EPS, Q3 2027 earnings at ($0.53) EPS, Q4 2027 earnings at ($0.50) EPS and FY2027 earnings at ($1.46) EPS.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group upped their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Thursday, August 28th. Citigroup increased their price target on shares of MongoDB from $405.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. JMP Securities reiterated a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research note on Wednesday, August 27th. The Goldman Sachs Group increased their price target on shares of MongoDB from $270.00 to $325.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Finally, Scotiabank increased their price target on shares of MongoDB from $230.00 to $280.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $310.86.

MongoDB Stock Up 0.8%

NASDAQ MDB traded up $2.68 during trading on Monday, hitting $318.29. The company had a trading volume of 4,180,839 shares, compared to its average volume of 4,028,832. MongoDB has a one year low of $140.78 and a one year high of $370.00. The company's fifty day moving average is $227.35 and its 200-day moving average is $207.05.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 3.54% and a negative return on equity of 1.67%. The business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the business earned $0.51 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 1,174 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the transaction, the director owned 21,096 shares of the company's stock, valued at approximately $4,241,983.68. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the sale, the director owned 1,107,006 shares in the company, valued at approximately $259,039,404. The trade was a 0.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,736 shares of company stock valued at $21,975,639. 3.10% of the stock is owned by insiders.

Institutional Trading of MongoDB

Several institutional investors have recently made changes to their positions in MDB. AQR Capital Management LLC raised its position in shares of MongoDB by 2,567.2% during the second quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company's stock valued at $233,435,000 after buying an additional 1,069,969 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new position in shares of MongoDB in the first quarter valued at $161,543,000. Norges Bank purchased a new position in shares of MongoDB in the second quarter valued at $164,338,000. Primecap Management Co. CA boosted its stake in MongoDB by 863.5% during the first quarter. Primecap Management Co. CA now owns 870,550 shares of the company's stock worth $152,694,000 after buying an additional 780,200 shares during the period. Finally, Vanguard Group Inc. boosted its stake in MongoDB by 9.5% during the second quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock worth $1,796,321,000 after buying an additional 744,547 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

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.