MongoDB (NASDAQ:MDB) Issues Q2 2027 Earnings Guidance

29 May 2026, 09:40 by Scott Moore · The Cerbat Gem

MongoDB (NASDAQ:MDB – Get Free Report) updated its second quarter 2027 earnings guidance on Thursday. 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.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen cut MongoDB from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Piper Sandler reduced their target price on MongoDB from $490.00 to $330.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Morgan Stanley increased their target price on MongoDB from $335.00 to $380.00 and gave the company an “overweight” rating in a report on Friday. Sanford C. Bernstein cut MongoDB from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 3rd. Finally, Stifel Nicolaus reduced their target price on MongoDB from $450.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Twenty-six analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $380.67.

View Our Latest Research Report on MDB

MongoDB Stock Performance

NASDAQ:MDB opened at $325.68 on Friday. MongoDB has a one year low of $182.43 and a one year high of $444.72. The stock has a market cap of $26.17 billion, a PE ratio of -370.09 and a beta of 1.48. The stock has a 50 day moving average price of $272.10 and a 200 day moving average price of $333.73.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.19 by $0.13. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The firm had revenue of $687.62 million during the quarter, compared to analysts’ expectations of $664.53 million. During the same quarter last year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up 25.2% on a year-over-year basis. 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, analysts predict that MongoDB will post -0.46 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $314.98, for a total value of $1,889,880.00. Following the completion of the sale, the director owned 470,896 shares of the company’s stock, valued at approximately $148,322,822.08. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $249.33, for a total value of $390,450.78. Following the completion of the sale, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 31,566 shares of company stock valued at $8,744,791. Insiders own 2.60% of the company’s stock.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: MongoDB beat Q1 estimates, reporting $1.32 in adjusted EPS versus $1.19 expected and revenue of $687.6 million versus $664.5 million expected, with sales up about 25% year over year. Article Title
Positive Sentiment: The company raised Q2 and full-year fiscal 2027 guidance well above Wall Street expectations, signaling stronger-than-expected demand and improving visibility. Article Title
Positive Sentiment: Atlas revenue grew more than 29% year over year, reinforcing that MongoDB’s cloud database business remains the key growth driver, while management highlighted strong enterprise and AI demand. Article Title
Positive Sentiment: Analysts also turned more constructive, with Cantor Fitzgerald and Canaccord Genuity both raising price targets after the report, reflecting improved sentiment around MongoDB’s growth outlook. Article Title
Neutral Sentiment: Some commentary from traders suggested the stock also reacted to remarks that Atlas growth may become more predictable going forward, which was interpreted by a few investors as slightly softer than the most optimistic expectations. Article Title

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. purchased a new position in MongoDB in the fourth quarter worth approximately $84,000. Geneos Wealth Management Inc. grew its position in MongoDB by 79.7% in the second quarter. Geneos Wealth Management Inc. now owns 221 shares of the company’s stock worth $46,000 after acquiring an additional 98 shares during the period. Hollencrest Capital Management grew its position in MongoDB by 129.2% in the fourth quarter. Hollencrest Capital Management now owns 275 shares of the company’s stock worth $115,000 after acquiring an additional 155 shares during the period. Quadrant Capital Group LLC purchased a new position in MongoDB in the third quarter worth approximately $156,000. Finally, Arete Wealth Advisors LLC purchased a new position in MongoDB in the fourth quarter worth approximately $220,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Company Profile

(Get Free Report)

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.