DA Davidson Estimates MongoDB’s FY2026 Earnings (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) – Research analysts at DA Davidson cut their FY2026 EPS estimates for MongoDB in a note issued to investors on Thursday, March 6th. DA Davidson analyst R. Kessinger now anticipates that the company will earn ($2.43) per share for the year, down from their prior forecast of ($2.02). DA Davidson has a “Buy” rating and a $405.00 price target 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 ($2.29) EPS.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of MongoDB from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Truist Financial lowered their target price on shares of MongoDB from $400.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, March 6th. UBS Group set a $350.00 price target on MongoDB in a research report on Tuesday, March 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $319.87.

MongoDB Stock Up 8.5 %

Shares of MDB stock opened at $195.70 on Monday. The business’s fifty day moving average is $259.87 and its 200 day moving average is $273.64. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of -71.42 and a beta of 1.30. MongoDB has a twelve month low of $173.13 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the company posted $0.86 EPS.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $21,510,229.95. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,314 shares of company stock worth $12,981,833 in the last three months. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth $189,584,000. Jennison Associates LLC boosted its stake in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares during the period. Marshall Wace LLP purchased a new stake in shares of MongoDB during the fourth quarter worth about $110,356,000. Raymond James Financial Inc. bought a new stake in MongoDB during the 4th quarter valued at approximately $90,478,000. Finally, D1 Capital Partners L.P. purchased a new position in MongoDB in the 4th quarter worth approximately $76,129,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.