MDB is trading at 5.4% down now at $311.23 after a sharp drop in early trading on November 21, 2025, despite no major company-specific news or earnings releases this morning. The last notable event was Truist Securities reiterating a Buy rating and $400 price target pre-market, but this is typically a positive signal and does not explain the decline. The broader market is mixed, with the S&P 500 up 0.25% and NASDAQ down 0.08%, so MDB's move is not aligned with a sector-wide selloff. The drop follows a recent multi-day decline and may reflect technical selling or profit-taking ahead of the December 1 earnings report, but no explicit catalyst has been reported in reliable news sources.