What is Scotiabank’s Estimate for MongoDB FY2027 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Scotiabank increased their FY2027 earnings per share (EPS) estimates for MongoDB in a research report issued to clients and investors on Thursday, September 10th. Scotiabank analyst P. Colville now expects that the company will earn $0.42 per share for the year, up from their previous forecast of ($0.03). Scotiabank has a “Sector Outperform” rating and a $440.00 price target on the stock. The consensus estimate for MongoDB’s current full-year earnings is $0.48 per share.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, September 1st. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.62 by $0.28. MongoDB had a return on equity of 1.06% and a net margin of 2.12%.The business had revenue of $771.77 million during the quarter, compared to analyst estimates of $735.01 million. During the same quarter last year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. MongoDB has set its Q3 2027 guidance at 1.570-1.610 EPS and its FY 2027 guidance at 6.390-6.580 EPS.

Other research analysts have also recently issued reports about the stock. Robert W. Baird lifted their price target on shares of MongoDB from $335.00 to $400.00 and gave the company a “neutral” rating in a research report on Tuesday, August 25th. Zacks Research upgraded shares of MongoDB from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 3rd. DA Davidson reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Wednesday, September 2nd. Citizens Jmp reiterated a “market outperform” rating and set a $519.00 target price on shares of MongoDB in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein boosted their price target on MongoDB from $449.00 to $484.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $471.81.

MongoDB Price Performance

NASDAQ:MDB opened at $382.29 on Tuesday. The firm’s 50-day moving average price is $376.27 and its 200-day moving average price is $323.68. The company has a market capitalization of $30.80 billion, a PE ratio of 538.44, a P/E/G ratio of 38.53 and a beta of 1.58. MongoDB has a 1-year low of $215.68 and a 1-year high of $473.10.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of the business. SkyView Investment Advisors LLC bought a new position in shares of MongoDB during the second quarter valued at $252,000. Sequoia Financial Advisors LLC increased its holdings in MongoDB by 36.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,610 shares of the company’s stock worth $877,000 after buying an additional 701 shares in the last quarter. National Pension Service increased its holdings in MongoDB by 10.7% in the 2nd quarter. National Pension Service now owns 153,687 shares of the company’s stock worth $51,623,000 after buying an additional 14,866 shares in the last quarter. NewEdge Advisors LLC raised its position in MongoDB by 10.3% in the 2nd quarter. NewEdge Advisors LLC now owns 4,287 shares of the company’s stock worth $1,440,000 after buying an additional 400 shares during the last quarter. Finally, Stableford Capital II LLC purchased a new position in MongoDB in the 2nd quarter worth about $726,000. Institutional investors own 89.29% of the company’s stock.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $451.75, for a total value of $2,710,500.00. Following the transaction, the director directly owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This represents a 1.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $350.00, for a total value of $350,000.00. Following the sale, the director owned 29,326 shares in the company, valued at approximately $10,264,100. This represents a 3.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,696 shares of company stock valued at $8,682,885 in the last three months. 2.60% of the stock is owned by insiders.

About MongoDB

MongoDB, Inc develops database software and data platform services for organizations building, deploying and operating modern applications. Its flagship technology is a document-oriented database that stores data in flexible, JSON-like documents, helping developers manage varied data structures and support applications that require scalability and rapid development.

The company offers MongoDB Atlas, a fully managed cloud database service available across major cloud providers, as well as MongoDB Enterprise Advanced for organizations that operate databases in private, hybrid or multicloud environments.