DA Davidson Forecasts MongoDB's FY2026 Earnings (NASDAQ:MDB)

Key Points

• DA Davidson has increased its FY2026 earnings per share (EPS) estimate for MongoDB from ($2.00) to ($1.47), supporting its "Buy" rating with a target price of $325.00.
• Multiple analysts have raised their target prices for MongoDB, with Bank of America now at $345.00, Wolfe Research at $350.00, and BMO Capital Markets at $315.00.
• Insider trading has seen significant activity, with CEO Dev Ittycheria selling 25,005 shares for about $5.85 million recently, reflecting an 8.87% reduction in ownership.

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Equities research analysts at DA Davidson increased their FY2026 EPS estimates for MongoDB in a research note issued to investors on Wednesday, August 27th. DA Davidson analyst R. Kessinger now anticipates that the company will post earnings per share of ($1.47) for the year, up from their previous estimate of ($2.00). DA Davidson has a "Buy" rating and a $325.00 price target on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share. DA Davidson also issued estimates for MongoDB's FY2027 earnings at ($1.22) EPS.

MDB has been the topic of several other research reports. Citigroup lifted 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. Wolfe Research lifted their price target on shares of MongoDB from $280.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday. Zacks Research upgraded shares of MongoDB to a "hold" rating in a research note on Friday, August 8th. William Blair restated an "outperform" rating on shares of MongoDB in a research note on Thursday, June 26th. Finally, Rosenblatt Securities restated a "buy" rating and set a $290.00 target price on shares of MongoDB in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $310.86.

MongoDB Stock Performance

Shares of MongoDB stock traded down $2.49 on Friday, hitting $315.61. 5,683,836 shares of the company's stock were exchanged, compared to its average volume of 4,108,121. The company has a 50-day simple moving average of $222.93 and a 200-day simple moving average of $206.09. The stock has a market capitalization of $25.79 billion, a PE ratio of -322.05 and a beta of 1.49. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 3.54% and a negative return on equity of 1.67%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $0.51 earnings per share. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the business's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $243.89, for a total value of $2,032,823.15. Following the sale, the chief executive officer owned 236,557 shares in the company, valued at $57,693,886.73. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director owned 1,104,316 shares in the company, valued at approximately $270,557,420. The trade was a 0.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,416 shares of company stock worth $11,936,656 in the last 90 days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Several hedge funds have recently made changes to their positions in MDB. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the 1st quarter valued at about $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. raised its position in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after buying an additional 120 shares in the last quarter. Montag A & Associates Inc. raised its position in shares of MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock valued at $36,000 after buying an additional 101 shares in the last quarter. Finally, Promus Capital LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at about $36,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.