MongoDB (NASDAQ:MDB) Updates Q3 2027 Earnings Guidance

MongoDB (NASDAQ:MDB) updated its third quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.570-1.610 for the period, compared to the consensus estimate of 1.200. The company issued revenue guidance of $756.0 million-$761.0 million, compared to the consensus revenue estimate of $743.9 million. MongoDB also updated its FY 2027 guidance to 6.390-6.580 EPS.

Analyst Ratings Changes

Several analysts have recently weighed in on MDB shares. BMO Capital Markets boosted their target price on MongoDB from $375.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, August 20th. Tigress Financial lifted their target price on shares of MongoDB from $430.00 to $515.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Rosenblatt Securities restated a “buy” rating and issued a $385.00 target price on shares of MongoDB in a research note on Tuesday, May 26th. Oppenheimer boosted their price objective on MongoDB from $410.00 to $475.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, UBS Group lifted their target price on MongoDB from $350.00 to $460.00 and gave the stock a “neutral” rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $463.13.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $434.21 on Wednesday. MongoDB has a 52 week low of $215.68 and a 52 week high of $473.10. The company has a market capitalization of $34.92 billion, a PE ratio of -1,173.54, a P/E/G ratio of 3,220.66 and a beta of 1.58. The company’s fifty day moving average is $369.91 and its 200-day moving average is $322.27.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.28. The firm had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The company’s revenue was up 30.5% on a year-over-year basis. During the same period last year, the company earned $1.00 earnings per share. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS. On average, analysts forecast that MongoDB will post 0.01 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Hope F. Cochran sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $350.00, for a total transaction of $350,000.00. Following the completion of the sale, the director owned 29,326 shares of the company’s stock, valued at $10,264,100. This trade represents a 3.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $383.16, for a total transaction of $15,326,400.00. Following the sale, the director owned 161,762 shares of the company’s stock, valued at $61,980,727.92. This trade represents a 19.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,696 shares of company stock valued at $31,425,055 over the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Key Headlines Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Results exceeded expectations: Revenue rose 30.5% year over year to $771.8 million, topping estimates of roughly $735 million, while adjusted EPS of $1.90 surpassed consensus near $1.61-$1.62. MongoDB fiscal 2027 second-quarter results
• Positive Sentiment: Atlas and AI demand remain key growth drivers: Atlas revenue increased approximately 29%, while enterprise and other revenue grew about 36%. Management cited record customer additions and increasing AI-related workloads. MongoDB earnings call highlights
• Positive Sentiment: Guidance was raised: Fiscal 2027 revenue is projected at approximately $2.99 billion to $3.03 billion, with the increase primarily tied to a stronger Atlas outlook of about 27% growth. Third-quarter revenue guidance of $756 million to $761 million and adjusted EPS guidance of $1.57 to $1.61 also exceed analyst estimates. MongoDB raises fiscal 2027 outlook
• Positive Sentiment: Analyst support improved: Monness Crespi & Hardt raised its price target to $460 and Cantor Fitzgerald lifted its target to $540, both maintaining bullish ratings. MongoDB analyst price-target changes
• Neutral Sentiment: The company remains focused on monetizing AI-native customers, but investors want evidence that AI demand can produce sustained acceleration beyond the current roughly 27%-30% Atlas growth range.
• Negative Sentiment: Strong results may not have been strong enough for the valuation: MongoDB had rallied substantially into earnings, leaving the stock vulnerable to profit-taking and a “sell the news” reaction.
• Negative Sentiment: Profitability and investment concerns weighed on sentiment: AI infrastructure and other capacity costs may pressure margins, while the third-quarter EPS outlook is below the $1.90 delivered in the latest quarter. Broader skepticism toward software stocks added to the selling pressure. MongoDB strong sales but stock declines

Institutional Investors Weigh In On MongoDB

Hedge funds have recently modified their holdings of the company. ValueAct Holdings L.P. boosted its holdings in MongoDB by 206.8% in the third quarter. ValueAct Holdings L.P. now owns 2,118,200 shares of the company’s stock valued at $657,447,000 after acquiring an additional 1,427,700 shares during the last quarter. State Street Corp increased its stake in MongoDB by 2.3% in the fourth quarter. State Street Corp now owns 1,796,847 shares of the company’s stock valued at $754,119,000 after purchasing an additional 40,219 shares in the last quarter. Amundi raised its stake in MongoDB by 61.3% during the 3rd quarter. Amundi now owns 1,483,396 shares of the company’s stock worth $477,550,000 after buying an additional 563,995 shares during the period. AQR Capital Management LLC lifted its holdings in shares of MongoDB by 2,567.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,111,647 shares of the company’s stock worth $233,435,000 after purchasing an additional 1,069,969 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of MongoDB by 16.9% during the fourth quarter. Invesco Ltd. now owns 1,063,613 shares of the company’s stock valued at $446,388,000 after buying an additional 153,445 shares during the last quarter. 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.