DA Davidson Has Positive Outlook of MongoDB FY2026 Earnings

MongoDB, Inc. (NASDAQ:MDB) – DA Davidson upped their FY2026 earnings estimates for MongoDB in a research report issued on Thursday, June 5th. DA Davidson analyst R. Kessinger now forecasts that the company will post earnings of ($1.92) per share for the year, up from their prior forecast of ($2.43). DA Davidson has a “Buy” rating and a $275.00 price objective 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 ($1.86) EPS.

A number of other analysts have also recently weighed in on MDB. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Monness Crespi & Hardt upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price objective for the company in a research note on Thursday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Wedbush restated an “outperform” rating and issued a $300.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Finally, Oppenheimer reduced their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $282.47.

MongoDB Stock Down 1.9%

NASDAQ MDB opened at $213.03 on Monday. The stock has a market capitalization of $17.30 billion, a PE ratio of -77.75 and a beta of 1.39. The company has a 50 day moving average price of $178.26 and a two-hundred day moving average price of $228.06. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Vanguard Group Inc. boosted its stake in shares of MongoDB by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after purchasing an additional 481,023 shares during the last quarter. Franklin Resources Inc. boosted its stake in MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in MongoDB by 11.3% during 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 worth $223,011,000 after acquiring an additional 129,451 shares during the last quarter. Geode Capital Management LLC boosted its stake in MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after acquiring an additional 22,106 shares during the last quarter. Finally, Amundi boosted its stake in MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after acquiring an additional 367,717 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the sale, the insider now owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This represents a 2.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the completion of the transaction, the director now owns 19,333 shares of the company’s stock, valued at $3,377,281.77. This trade represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,208 shares of company stock valued at $10,167,739 in the last 90 days. 3.10% of the stock is currently owned by company insiders.

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.