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MongoDB Slides as Investors Appear to Reassess Recent Gains Without a Fresh Negative Catalyst

MongoDB (MDB) is down 4.8% today. Here is some analysis on what might have caused this price movement. ([investors.mongodb.com](https://investors.mongodb.com/static-files/10ca1065-6cd0-45fb-ba90-e860b233442b))

Analysis: The most likely explanation is that investors are taking profits and resetting expectations rather than reacting to a major new negative development. MongoDB posted a strong first-quarter report in late May, but the stock remains sensitive to valuation swings and to lingering caution after the weaker fiscal 2027 outlook issued in March. ([investors.mongodb.com](https://investors.mongodb.com/static-files/10ca1065-6cd0-45fb-ba90-e860b233442b))

Details:

  • MongoDB’s May 28 earnings release showed first-quarter fiscal 2027 revenue of $687.6 million, up 25% year over year, with Atlas revenue up more than 29%, and management raised full-year guidance. ([investors.mongodb.com](https://investors.mongodb.com/static-files/10ca1065-6cd0-45fb-ba90-e860b233442b))
  • Earlier, on March 2, the company gave a softer full-year fiscal 2027 revenue outlook of $2.860 billion to $2.900 billion, which helps explain why sentiment has stayed volatile even after a later quarterly beat. ([investors.mongodb.com](https://investors.mongodb.com/news-releases/news-release-details/mongodb-inc-announces-fourth-quarter-fiscal-2026-financial))
  • The latest company filing on July 6 was an 8-K tied to annual meeting results and a charter amendment removing supermajority voting requirements, not an obvious business setback. ([mongodb.gcs-web.com](https://mongodb.gcs-web.com/node/14486/html))
  • With no clearly negative operating update visible today, this could be because traders are rotating out of higher-multiple software names after the stock’s rebound from its post-March selloff. ([investors.mongodb.com](https://investors.mongodb.com/news-releases/news-release-details/mongodb-inc-announces-fourth-quarter-fiscal-2026-financial))
  • Sources:

    MongoDB Investor Relations, SEC, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $MDB Insider Trading Activity

    MDB Insider Trades

    $MDB insiders have traded $MDB stock on the open market 94 times in the past 6 months. Of those trades, 0 have been purchases and 94 have been sales.

    Here’s a breakdown of recent trading of $MDB stock by insiders over the last 6 months:

    • DWIGHT A MERRIMAN has made 0 purchases and 45 sales selling 79,529 shares for an estimated $27,053,829.
    • ROELOF BOTHA has made 0 purchases and 5 sales selling 44,050 shares for an estimated $17,534,802.
    • DEV ITTYCHERIA has made 0 purchases and 8 sales selling 40,000 shares for an estimated $15,326,486.
    • MICHAEL J BERRY (Chief Financial Officer) has made 0 purchases and 32 sales selling 10,000 shares for an estimated $3,538,676.
    • HOPE F COCHRAN has made 0 purchases and 4 sales selling 5,132 shares for an estimated $1,629,233.

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $MDB Hedge Fund Activity

    We have seen 410 institutional investors add shares of $MDB stock to their portfolio, and 391 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $MDB Congressional Stock Trading

    Members of Congress have traded $MDB stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $MDB stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $MDB Analyst Ratings

    Wall Street analysts have issued reports on $MDB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Needham issued a "Buy" rating on 01/20/2026

    To track analyst ratings and price targets for $MDB, check out Quiver Quantitative's $MDB forecast page.

    $MDB Price Targets

    Multiple analysts have issued price targets for $MDB recently. We have seen 28 analysts offer price targets for $MDB in the last 6 months, with a median target of $395.0.

    Here are some recent targets:

    • Miller Jump from Truist Securities set a target price of $400.0 on 07/09/2026
    • Bradley Sills from B of A Securities set a target price of $450.0 on 06/08/2026
    • Ivan Feinseth from Tigress Financial set a target price of $515.0 on 06/02/2026
    • Thomas Blakey from Cantor Fitzgerald set a target price of $416.0 on 05/29/2026
    • Keith Bachman from BMO Capital set a target price of $375.0 on 05/29/2026
    • Sanjit Singh from Morgan Stanley set a target price of $380.0 on 05/29/2026
    • Mike Cikos from Needham set a target price of $400.0 on 05/29/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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