What is Scotiabank’s Forecast for MongoDB FY2027 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Equities research analysts at Scotiabank issued their FY2027 earnings per share (EPS) estimates for shares of MongoDB in a research note issued to investors on Friday, January 23rd. Scotiabank analyst P. Colville anticipates that the company will post earnings of $0.17 per share for the year. Scotiabank 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 (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.53. MongoDB had a negative return on equity of 1.12% and a negative net margin of 3.06%.The company had revenue of $628.31 million during the quarter, compared to analysts’ expectations of $592.98 million. During the same quarter in the prior year, the business posted $1.16 earnings per share. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. MongoDB has set its Q4 2026 guidance at 1.440-1.480 EPS and its FY 2026 guidance at 4.760-4.800 EPS.

Several other research analysts have also recently issued reports on the stock. Argus increased their price objective on shares of MongoDB from $340.00 to $488.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Monness Crespi & Hardt increased their price target on MongoDB from $360.00 to $475.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Raymond James Financial started coverage on MongoDB in a research note on Monday, December 15th. They issued a “market perform” rating on the stock. Mizuho raised their target price on MongoDB from $250.00 to $310.00 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Finally, Guggenheim lifted their target price on MongoDB from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, December 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $422.29.

MongoDB Stock Down 1.5%

MDB stock opened at $398.69 on Monday. The company has a market capitalization of $32.45 billion, a P/E ratio of -458.26 and a beta of 1.38. The company has a 50-day simple moving average of $396.41 and a 200 day simple moving average of $327.25. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $444.72.

Insider Buying and Selling

In other MongoDB news, Director Roelof Botha sold 24,850 shares of the firm’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $405.85, for a total value of $10,085,372.50. Following the completion of the transaction, the director directly owned 194,600 shares in the company, valued at $78,978,410. This trade represents a 11.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Hope F. Cochran sold 1,566 shares of the business’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 transaction of $660,617.10. Following the sale, the director owned 25,659 shares in the company, valued at $10,824,249.15. This represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 78,162 shares of company stock valued at $31,004,092. 3.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Central Pacific Bank Trust Division purchased a new stake in shares of MongoDB in the fourth quarter valued at $28,000. Huntington National Bank lifted its stake in MongoDB by 110.9% in the 3rd quarter. Huntington National Bank now owns 97 shares of the company’s stock worth $30,000 after acquiring an additional 51 shares in the last quarter. Montag A & Associates Inc. boosted its position in MongoDB by 144.3% during the 2nd quarter. Montag A & Associates Inc. now owns 171 shares of the company’s stock worth $36,000 after acquiring an additional 101 shares during the period. Promus Capital LLC acquired a new stake in MongoDB during the 2nd quarter worth about $36,000. Finally, TD Private Client Wealth LLC grew its stake in MongoDB by 2,825.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 117 shares of the company’s stock valued at $36,000 after acquiring an additional 113 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

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.