NEW YORK, Jan 2, 2026, 20:46 ET — Market closed
- MongoDB closed down 4.8% at $399.65 on Friday, lagging a selloff in software stocks.
- The software-sector ETF IGV fell 2.9% on the day, highlighting pressure on high-growth tech.
- MongoDB’s next earnings are estimated for March 4 after the close, based on past reporting schedules, according to MarketBeat.
MongoDB, Inc. (MDB) shares closed down 4.8% at $399.65 on Friday, deepening a pullback across software stocks as investors trimmed risk on the first trading day of 2026.
The decline matters because MongoDB has been one of the stronger large-cap software names in recent months, a setup that can magnify moves when sentiment turns.
High-growth software stocks often trade on expectations for future cash flows, which can make them more sensitive than the broader market to shifts in risk appetite.
The iShares Expanded Tech-Software Sector ETF fell 2.9% on the day, while the Nasdaq 100 tracking fund QQQ slipped about 0.2% and the S&P 500 tracker SPY rose about 0.2%.
MongoDB traded between $392.86 and $432.70 on Friday, and volume topped 2.5 million shares, above its average, market data showed.
Some analysts stayed positive despite the volatility. Mark Cash at Raymond James called MongoDB one of the “most strategically important independent database platforms,” according to a note cited by Insider Monkey.
MarketBeat’s tally of 41 analyst ratings puts MongoDB at “Moderate Buy” and shows an average 12-month price target of $414.97 — about 4% above Friday’s close. MarketBeat
Investors remain anchored to MongoDB’s last quarterly report. The company posted third-quarter fiscal 2026 revenue of $628.3 million, up 19% from a year earlier, and said Atlas — its managed cloud database service — made up about 75% of total revenue.
On an earnings-per-share basis — a measure of profit allocated to each share — MongoDB reported EPS of $1.32 on Dec. 1, beating a consensus estimate of $0.79, according to MarketBeat’s earnings summary.
The next key catalyst is the next set of results. MarketBeat estimates MongoDB will report fourth-quarter figures on March 4 after the market closes, based on past reporting schedules.
Before next session, traders will watch whether MongoDB can regain the $400 level after dipping below it on Friday; the stock’s 52-week high is $441.70 and its low is $170.30.
Before next session, investors will be focused on whether Atlas growth and customer spending trends stay resilient — a key watchpoint for subscription and usage-driven cloud software models.
Before next session, any further weakness in the broader software group could keep pressure on MongoDB, after IGV’s nearly 3% drop on Friday.
In extended trading — buying and selling outside the regular 9:30 a.m. to 4:00 p.m. ET session — MongoDB was little changed at $399.50 as of 7:59 p.m. ET, MarketBeat data showed.
