DA Davidson Issues Pessimistic Forecast for MongoDB Earnings

MongoDB, Inc. (NASDAQ:MDB) – Analysts at DA Davidson cut their FY2026 earnings estimates for MongoDB in a research report issued to clients and investors on Thursday, March 6th. DA Davidson analyst R. Kessinger now expects that the company will earn ($2.43) per share for the year, down from their previous estimate of ($2.02). DA Davidson has a “Buy” rating and a $405.00 price objective 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 equities analysts also recently issued reports on MDB. Bank of America cut their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Morgan Stanley reduced their price objective on shares of MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Oppenheimer reduced their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Tigress Financial lifted their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $319.87.

MongoDB Stock Up 8.5 %

Shares of NASDAQ:MDB opened at $195.70 on Monday. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of -71.42 and a beta of 1.30. The business’s 50 day moving average is $259.87 and its 200 day moving average is $273.64. MongoDB has a 12-month low of $173.13 and a 12-month high of $387.19.

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

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB during the 4th quarter valued at $29,000. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. NCP Inc. purchased a new stake in shares of MongoDB during the fourth quarter worth about $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB in the third quarter worth about $36,000. Finally, Continuum Advisory LLC increased its holdings in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, insider Cedric Pech sold 287 shares of the business’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 $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,314 shares of company stock valued at $12,981,833 over the last three months. 3.60% of the stock is owned by corporate insiders.

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.