FY2027 Earnings Forecast for MongoDB Issued By Scotiabank

MongoDB, Inc. (NASDAQ:MDB) – Investment analysts at Scotiabank issued their FY2027 EPS estimates for MongoDB in a research report issued to clients and investors on Friday, January 23rd. Scotiabank analyst P. Colville forecasts that the company will earn $0.17 per share for the year. Scotiabank currently has a “Sector Perform” rating and a $415.00 price objective on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.78) per share.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 1st. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.53. The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein raised their target price on shares of MongoDB from $338.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 2nd. Bank of America increased their price target on shares of MongoDB from $440.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, December 2nd. Guggenheim lifted their price target on shares of MongoDB from $400.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Wells Fargo & Company upped their price objective on MongoDB from $430.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, December 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 target price on shares of MongoDB in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $422.29.

MongoDB Stock Performance

Shares of MDB opened at $398.69 on Monday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72. The company has a market capitalization of $32.45 billion, a PE ratio of -458.26 and a beta of 1.38. The stock has a fifty day moving average of $396.41 and a two-hundred day moving average of $327.25.

Insider Activity

In related news, Director Dwight A. Merriman sold 10,000 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $338.52, for a total value of $3,385,200.00. Following the completion of the transaction, the director owned 1,055,316 shares of the company’s stock, valued at approximately $357,245,572.32. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Hope F. Cochran sold 1,566 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $421.85, for a total value of $660,617.10. Following the completion of the transaction, the director directly owned 25,659 shares in the company, valued at approximately $10,824,249.15. The trade was a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 78,162 shares of company stock worth $31,004,092. 3.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of MDB. Clark Financial Services Group Inc. BD grew its holdings in shares of MongoDB by 1.5% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock valued at $702,000 after purchasing an additional 25 shares during the last quarter. True Wealth Design LLC grew its stake in MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock worth $176,000 after buying an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock worth $342,000 after buying an additional 40 shares during the period. Savvy Advisors Inc. lifted its stake in MongoDB by 5.0% in the fourth quarter. Savvy Advisors Inc. now owns 928 shares of the company’s stock valued at $389,000 after buying an additional 44 shares during the last quarter. Finally, Grove Bank & Trust lifted its stake in MongoDB by 81.8% in the fourth quarter. Grove Bank & Trust now owns 100 shares of the company’s stock valued at $42,000 after buying an additional 45 shares during the last quarter. Institutional investors 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.