MongoDB (NASDAQ:MDB) Sees Large Volume Increase Following Strong Earnings

Posted by George Bondi on May 29th, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw strong trading volume on Friday following a better than expected earnings announcement. 2,977,504 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 1,919,996 shares.The stock last traded at $313.7590 and had previously closed at $325.68.

The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The company’s revenue was up 25.2% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS.

Key Stories Impacting MongoDB

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: MongoDB reported first-quarter fiscal 2027 results that beat expectations, with revenue up about 25% year over year to $687.6 million and EPS of $1.32 topping estimates. The company also raised full-year and Q2 guidance well above Wall Street forecasts, which is supporting bullish sentiment. MongoDB Announces First Quarter Fiscal 2027 Financial Results
Positive Sentiment: Analysts turned more constructive after the report, with Oppenheimer, Mizuho, Monness Crespi & Hardt, BMO Capital Markets, Cantor Fitzgerald, and Canaccord all raising price targets and maintaining buy/outperform-style ratings. The new targets cluster around the low-$400s, implying meaningful upside from current levels. Analyst price target updates
Neutral Sentiment: Several earnings-transcript articles are circulating as investors parse management’s comments on Atlas growth, AI demand, and the company’s outlook. These discussions are helping traders gauge whether growth is becoming more predictable, but they are not a separate catalyst on their own. MongoDB Q1 2027 Earnings Call Transcript
Negative Sentiment: Some commentary noted that investors worried the company’s remarks about Atlas growth becoming more predictable could signal a softer near-term growth trajectory, which may explain some intraday volatility even after the earnings beat. Why MDB Stock Is Up Overnight After Wild Ride Today

Analysts Set New Price Targets

A number of analysts have recently commented on MDB shares. Piper Sandler reissued an “overweight” rating on shares of MongoDB in a research note on Friday. BMO Capital Markets lifted their price objective on MongoDB from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird boosted their price objective on MongoDB from $260.00 to $335.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. UBS Group reissued a “neutral” rating on shares of MongoDB in a report on Friday. Finally, Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Twenty-seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.23.

Read Our Latest Stock Report on MDB

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $297.99, for a total value of $2,979,900.00. Following the transaction, the director owned 993,316 shares of the company’s stock, valued at $295,998,234.84. This represents a 1.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the transaction, the director directly owned 24,093 shares of the company’s stock, valued at approximately $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,566 shares of company stock worth $8,744,791 over the last quarter. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC increased its holdings in shares of MongoDB by 31.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock valued at $239,000 after acquiring an additional 327 shares during the last quarter. NewEdge Advisors LLC lifted its stake in MongoDB by 55.0% during the first quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock worth $743,000 after purchasing an additional 1,504 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in MongoDB during the second quarter worth approximately $329,000. Cresset Asset Management LLC boosted its holdings in MongoDB by 13.4% in the second quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock valued at $2,565,000 after purchasing an additional 2,697 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

The company has a market capitalization of $24.89 billion, a PE ratio of -353.20 and a beta of 1.48. The company’s 50 day simple moving average is $272.10 and its 200 day simple moving average is $333.73.

MongoDB Company Profile

(Get Free Report)

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.