Scotiabank Predicts MongoDB's FY2026 Earnings (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings estimates for MongoDB in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Colville forecasts that the company will post earnings per share of ($1.81) for the year. Scotiabank has a "Sector Perform" rating and a $350.00 price objective on the stock. The consensus estimate for MongoDB's current full-year earnings is ($1.86) per share.

Several other analysts have also commented on MDB. Monness Crespi & Hardt lowered shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Monday, December 16th. Wells Fargo & Company raised their price target on MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Oppenheimer boosted their price target on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Needham & Company LLC increased their price objective on MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Finally, Piper Sandler reissued an "overweight" rating and issued a $425.00 target price on shares of MongoDB in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of "Moderate Buy" and a consensus price target of $367.14.

MongoDB Stock Performance

NASDAQ MDB traded up $2.72 during trading hours on Thursday, reaching $248.68. The company's stock had a trading volume of 1,042,159 shares, compared to its average volume of 1,706,835. The company's 50-day moving average is $282.82 and its two-hundred day moving average is $269.15. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The stock has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the business earned $0.96 earnings per share. MongoDB's quarterly revenue was up 22.3% compared to the same quarter last year.

Hedge Funds Weigh In On MongoDB

Several large investors have recently modified their holdings of MDB. First Hawaiian Bank raised its holdings in shares of MongoDB by 18.3% during the fourth quarter. First Hawaiian Bank now owns 1,571 shares of the company's stock worth $366,000 after purchasing an additional 243 shares during the period. Diversified Trust Co grew its position in shares of MongoDB by 31.0% during the 4th quarter. Diversified Trust Co now owns 6,919 shares of the company's stock valued at $1,611,000 after buying an additional 1,639 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in MongoDB during the fourth quarter worth about $624,000. Versant Capital Management Inc lifted its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company's stock worth $42,000 after acquiring an additional 165 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in MongoDB by 2.7% in the third quarter. Principal Financial Group Inc. now owns 6,095 shares of the company's stock valued at $1,648,000 after acquiring an additional 160 shares during the period. Institutional investors own 89.29% of the company's stock.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 169 shares of the company's stock in a transaction that occurred 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 $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company's stock, valued at $23,313,925.17. The trade was a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,161 shares of company stock valued at $8,427,806 over the last 90 days. 3.60% of the stock is owned by corporate insiders.

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.