DA Davidson Has Strong Estimate for MongoDB FY2026 Earnings

MongoDB, Inc. (NASDAQ:MDB) – Equities researchers at DA Davidson increased their FY2026 EPS estimates for shares of MongoDB in a research report issued on Thursday, June 5th. DA Davidson analyst R. Kessinger now expects that the company will post earnings of ($1.92) per share for the year, up from their previous forecast of ($2.43). 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. DA Davidson also issued estimates for MongoDB’s FY2027 earnings at ($1.86) EPS.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million for 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 firm’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS.

Several other equities research analysts have also recently commented on MDB. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. Monness Crespi & Hardt raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price objective on the stock in a research report on Thursday. Citigroup lowered their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of MongoDB in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $282.47.

MongoDB Trading Down 2.3%

MDB opened at $220.14 on Monday. The stock has a market capitalization of $17.87 billion, a P/E ratio of -80.34 and a beta of 1.39. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The firm’s fifty day simple moving average is $176.52 and its 200 day simple moving average is $228.97.

Insider Transactions at MongoDB

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

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of MongoDB by 12.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,443 shares of the company’s stock worth $45,501,000 after buying an additional 21,308 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in MongoDB by 20.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,382 shares of the company’s stock valued at $1,719,000 after purchasing an additional 1,274 shares during the period. Stephens Investment Management Group LLC boosted its holdings in MongoDB by 34.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 41,183 shares of the company’s stock valued at $9,588,000 after purchasing an additional 10,519 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in MongoDB in the 4th quarter valued at about $15,522,000. Finally, Sycomore Asset Management boosted its holdings in MongoDB by 22.3% in the 4th quarter. Sycomore Asset Management now owns 41,780 shares of the company’s stock valued at $9,727,000 after purchasing an additional 7,607 shares during the period. Institutional investors own 89.29% 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.