What is Scotiabank’s Forecast for MongoDB FY2026 Earnings?

MongoDB, Inc. (NASDAQ:MDB) – Analysts at Scotiabank issued their FY2026 EPS estimates for MongoDB in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Colville anticipates that the company will earn ($1.81) per share for the year. Scotiabank currently has a “Sector Perform” rating and a $350.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.86) per share.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share 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 firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 EPS.

Several other brokerages have also recently issued reports on MDB. Monness Crespi & Hardt cut 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. Citigroup upped their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. KeyCorp raised their target price on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Barclays reduced their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group boosted their target price on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $364.64.

MongoDB Stock Down 1.4 %

NASDAQ:MDB opened at $245.22 on Thursday. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market cap of $18.26 billion, a P/E ratio of -89.50 and a beta of 1.25. The firm’s fifty day simple moving average is $281.86 and its 200 day simple moving average is $269.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Brooklyn Investment Group acquired a new stake in MongoDB during the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC lifted its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the period. Finally, Continuum Advisory LLC boosted its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MongoDB

In related news, insider Cedric Pech sold 287 shares of the 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 transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,161 shares of company stock valued at $8,427,806. 3.60% of the stock is owned by company 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.