Wells Fargo initates MongoDB Inc (MDB) stock to an Overweight

Samantha Gray

In a filing, MongoDB Inc revealed its Director MERRIMAN DWIGHT A unloaded Company’s shares for reported $1.38 million on Oct 27 ’25. In the deal valued at $345.00 per share,4,000 shares were sold. As a result of this transaction, MERRIMAN DWIGHT A now holds 1,065,316 shares worth roughly $379.08 million.

Then, MERRIMAN DWIGHT A bought 4,000 shares, generating $1,379,743 in total proceeds.

Before that, MERRIMAN DWIGHT A sold 10,000 shares. MongoDB Inc shares valued at $3,116,233 were divested by the Director at a price of $311.62 per share. As a result of the transaction, MERRIMAN DWIGHT A now holds 1,069,316 shares, worth roughly $380.51 million.

Wells Fargo initiated its MongoDB Inc [MDB] rating to an Overweight in a research note published on October 01, 2025; the price target was $430. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in mid September has reiterated a ‘”an Outperform”‘ rating for it. Monness Crespi & Hardt also remained covering MDB and reiterated its “Buy” recommendation on August 27, 2025. BMO Capital Markets maintained its rating on August 27, 2025. It rated MDB as “an Outperform”.

Price Performance Review of MDB

On Tuesday, MongoDB Inc [NASDAQ:MDB] saw its stock fall -3.58% to $355.84. Over the last five days, the stock has gained 5.76%. MongoDB Inc shares have risen nearly 31.60% since the year began. Nevertheless, the stocks have risen 52.85% over the past one year. While a 52-week high of $385.44 was reached on 11/03/25, a 52-week low of $140.78 was recorded on 04/07/25.

Levels Of Support And Resistance For MDB Stock

The 24-hour chart illustrates a support level at 347.68, which if violated will result in even more drops to 339.52. On the upside, there is a resistance level at 366.45. A further resistance level may holdings at 377.06.

How much short interest is there in MongoDB Inc?

A steep rise in short interest was recorded in MongoDB Inc stocks on 2025-10-15, dropping by -2.9 million shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on 2025-09-15 was 5.88 million shares. There was a decline of -97.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 28, 2025 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $280 price target.

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