What is DA Davidson’s Forecast for MongoDB Q2 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Analysts at DA Davidson issued their Q2 2026 earnings estimates for MongoDB in a research report issued on Thursday, June 5th. DA Davidson analyst R. Kessinger anticipates that the company will post earnings per share of ($0.60) for the quarter. DA Davidson currently has a “Buy” rating and a $275.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.78) per share.

MongoDB (NASDAQ:MDB) last posted 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. The firm had revenue of $549.01 million for the quarter, compared to the consensus estimate 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 for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share.

MDB has been the topic of a number of other reports. Daiwa Capital Markets started coverage on shares of MongoDB in a research note on Tuesday, April 1st. They set an “outperform” rating and a $202.00 target price on the stock. Piper Sandler boosted their price target on shares of MongoDB from $200.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $270.00 price target on shares of MongoDB in a research note on Thursday. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $365.00 to $225.00 in a research note on Thursday, March 6th. Finally, Scotiabank upped their target price on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $282.47.

MongoDB Price Performance

Shares of MDB stock opened at $220.14 on Friday. The firm’s 50-day moving average is $176.52 and its two-hundred day moving average is $229.93. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The company has a market capitalization of $17.87 billion, a PE ratio of -80.34 and a beta of 1.40.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB in the fourth quarter worth approximately $29,000. Cloud Capital Management LLC acquired a new stake in shares of MongoDB in the first quarter worth approximately $25,000. NCP Inc. acquired a new stake in shares of MongoDB in the fourth quarter worth approximately $35,000. Hollencrest Capital Management acquired a new stake in shares of MongoDB in the first quarter worth approximately $26,000. Finally, Cullen Frost Bankers Inc. raised its holdings in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 120 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,203 shares of company stock valued at $3,848,569 in the last ninety days. Insiders own 3.10% of the company’s stock.

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.