William Blair Issues Positive Outlook for MongoDB Earnings

Key Points

• William Blair has increased its Q3 2026 EPS estimate for MongoDB from ($0.61) to ($0.55), and maintains an "Outperform" rating on the stock.
• Several research firms, including Bank of America and Citigroup, have raised their price targets for MongoDB, with Citigroup setting a target of $425.00.
• MongoDB reported Q2 earnings that surpassed estimates, with a revenue growth of 21.8% year-over-year, showing positive momentum for the company.

MongoDB, Inc. (NASDAQ:MDB - Free Report) - William Blair lifted their Q3 2026 earnings estimates for MongoDB in a report issued on Wednesday, August 27th. William Blair analyst J. Ader now anticipates that the company will post earnings per share of ($0.55) for the quarter, up from their prior forecast of ($0.61). William Blair currently has a "Outperform" rating on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.78) per share. William Blair also issued estimates for MongoDB's Q4 2026 earnings at ($0.45) EPS, FY2026 earnings at ($1.51) EPS and FY2027 earnings at ($1.25) EPS.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share 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 for the quarter, compared to analysts' expectations of $527.49 million. During the same period in the previous year, the company earned $0.51 earnings per share. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. MongoDB has set its FY 2026 guidance at 2.940-3.120 EPS. Q2 2026 guidance at 0.620-0.660 EPS.

MDB has been the topic of several other reports. BMO Capital Markets boosted their price target on shares of MongoDB from $280.00 to $315.00 and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Macquarie boosted their target price on shares of MongoDB from $230.00 to $265.00 and gave the company a "neutral" rating in a research note on Wednesday, August 27th. Oppenheimer boosted their target price on shares of MongoDB from $275.00 to $325.00 and gave the company an "outperform" rating in a research note on Wednesday, August 27th. Zacks Research raised shares of MongoDB to a "hold" rating in a research report on Friday, August 8th. Finally, JMP Securities reissued a "market outperform" rating and issued a $345.00 price target on shares of MongoDB in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $310.86.

MongoDB Stock Up 0.8%

MongoDB stock traded up $2.68 during midday trading on Monday, hitting $318.29. 4,180,839 shares of the stock were exchanged, compared to its average volume of 4,028,832. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The business's 50-day moving average price is $227.35 and its 200-day moving average price is $207.05.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of MongoDB by 9.5% in the 2nd quarter. Vanguard Group Inc. now owns 8,554,315 shares of the company's stock valued at $1,796,321,000 after purchasing an additional 744,547 shares in the last quarter. State Street Corp boosted its stake in shares of MongoDB by 5.0% in the 2nd quarter. State Street Corp now owns 1,693,194 shares of the company's stock valued at $355,554,000 after purchasing an additional 80,334 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MongoDB by 5.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,397,898 shares of the company's stock valued at $292,597,000 after purchasing an additional 68,611 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after purchasing an additional 129,451 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake 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 purchasing an additional 1,069,969 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director owned 21,096 shares of the company's stock, valued at $4,241,983.68. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 33,320 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $301.29, for a total value of $10,038,982.80. Following the transaction, the chief executive officer owned 203,237 shares in the company, valued at $61,233,275.73. This trade represents a 14.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 84,736 shares of company stock worth $21,975,639 over the last 90 days. Corporate insiders own 3.10% 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.