MongoDB (NASDAQ:MDB) Shares Gap Down – Time to Sell?

Posted by Brenda Bartman on Sep 28th, 2026

MongoDB, Inc. (NASDAQ:MDB – Get Free Report)’s share price gapped down before the market opened on Monday. The stock had previously closed at $410.44, but opened at $311.35. MongoDB shares last traded at $332.7680, with a volume of 5,664,921 shares changing hands.

Key MongoDB News

Here are the key news stories impacting MongoDB this week:

Positive Sentiment: Dev Ittycheria, MongoDB’s former CEO, was appointed interim president and CEO, which may provide experienced leadership and help maintain operational continuity during the search for a permanent successor. MongoDB Announces CEO Transition
Neutral Sentiment: Desai’s move to lead Meta’s new enterprise platform highlights the value of his enterprise-software expertise, but it also means MongoDB must replace a leader who had been overseeing its growth strategy. MongoDB CEO Desai steps down to lead Meta’s enterprise platform
Negative Sentiment: The immediate, unexpected CEO departure is driving investor concern about strategic disruption, leadership succession and potential execution risks. The reaction is especially severe given MongoDB’s elevated valuation, which leaves the stock more sensitive to uncertainty. C-Suite Shakeup Sends MongoDB Stock Spiraling
Negative Sentiment: Investors are also interpreting the move as a loss of leadership to a major customer and technology company, raising questions about MongoDB’s ability to retain senior talent and sustain its growth momentum while a permanent CEO is found. MongoDB Announces CEO Transition

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDB. Guggenheim restated a “buy” rating and set a $560.00 target price on shares of MongoDB in a research report on Wednesday, September 2nd. Stifel Nicolaus reduced their price target on shares of MongoDB from $475.00 to $465.00 and set a “buy” rating on the stock in a report on Wednesday, September 2nd. Wall Street Zen upgraded shares of MongoDB from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $430.00 price objective on shares of MongoDB in a report on Wednesday, September 2nd. Finally, Canaccord Genuity Group increased their price objective on shares of MongoDB from $400.00 to $480.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $471.81.

View Our Latest Analysis on MongoDB

MongoDB Price Performance

The firm’s 50-day moving average is $387.15 and its two-hundred day moving average is $330.82. The company has a market cap of $27.05 billion, a P/E ratio of 473.55, a PEG ratio of 44.09 and a beta of 1.58.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.28. MongoDB had a net margin of 2.12% and a return on equity of 1.06%. The company had revenue of $771.77 million for the quarter, compared to the consensus estimate of $735.01 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. MongoDB’s revenue 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. As a group, sell-side analysts expect that MongoDB, Inc. will post 0.47 EPS for the current year.

Insider Activity

In related news, Director Dwight Merriman sold 6,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $451.75, for a total value of $2,710,500.00. Following the completion of the transaction, the director owned 452,896 shares of the company’s stock, valued at approximately $204,595,768. This trade represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope Cochran sold 1,000 shares of MongoDB stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $375.92, for a total value of $375,920.00. Following the completion of the transaction, the director owned 28,326 shares of the company’s stock, valued at approximately $10,648,309.92. This represents a 3.41% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,130 shares of company stock worth $8,520,022 over the last 90 days. Corporate insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Cassaday & Co Wealth Management LLC bought a new stake in MongoDB in the first quarter worth $34,000. Smallwood Wealth Investment Management LLC purchased a new position in MongoDB during the second quarter worth $34,000. NBH Bank bought a new position in MongoDB during the second quarter valued at $34,000. CX Institutional increased its position in MongoDB by 94.3% during the second quarter. CX Institutional now owns 103 shares of the company’s stock valued at $35,000 after acquiring an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

About MongoDB

(Get Free Report)

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.