MongoDB (NASDAQ:MDB) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

MongoDB (NASDAQ:MDB) issued its quarterly earnings data on Wednesday. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35, Briefing.com reports. The company had revenue of $549.01 million during 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%. MongoDB’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. MongoDB updated its FY 2026 guidance to 2.940-3.120 EPS and its Q2 2026 guidance to 0.620-0.660 EPS.

MongoDB Price Performance

NASDAQ:MDB opened at $199.73 on Thursday. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of -72.89 and a beta of 1.40. The company has a 50 day moving average price of $174.22 and a 200-day moving average price of $231.03. MongoDB has a 1-year low of $140.78 and a 1-year high of $370.00.

Analyst Ratings Changes

MDB has been the subject of several analyst reports. Macquarie decreased their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. UBS Group set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective for the company. Scotiabank reaffirmed a “sector perform” rating and issued a $160.00 price target (down from $240.00) on shares of MongoDB in a report on Friday, April 25th. Finally, Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Nine research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $286.88.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This trade represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12. Following the transaction, the chief executive officer now owns 268,948 shares of the company’s stock, valued at $46,597,930.48. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,203 shares of company stock worth $3,848,569. 3.10% of the stock is owned by company insiders.

Institutional Trading of MongoDB

An institutional investor recently raised its position in MongoDB stock. Integrated Wealth Concepts LLC increased its stake in shares of MongoDB, Inc. (NASDAQ:MDB) by 31.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,363 shares of the company’s stock after buying an additional 327 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in MongoDB were worth $239,000 at the end of the most recent reporting period. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.