MongoDB Inc’s filing revealed that its Chief Revenue Officer Pech Cedric unloaded Company’s shares for reported $1.62 million on Apr 03 ’24. In the deal valued at $343.36 per share,4,726 shares were sold. As a result of this transaction, Pech Cedric now holds 40,718 shares worth roughly $14.77 million.
Then, MERRIMAN DWIGHT A sold 4,000 shares, generating $1,364,500 in total proceeds. Upon selling the shares at $341.12, the Director now owns 1,156,784 shares.
Before that, Ittycheria Dev sold 17,160 shares. MongoDB Inc shares valued at $5,973,591 were divested by the President & CEO at a price of $348.11 per share. As a result of the transaction, Ittycheria Dev now holds 226,073 shares, worth roughly $82.02 million.
Redburn Atlantic downgraded its MongoDB Inc [MDB] rating to a Sell from a a Neutral in a research note published on March 19, 2024; the price target was decreased to $295 from $410. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. UBS also remained covering MDB and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on November 16, 2023. It rated MDB as “an Overweight”.
Price Performance Review of MDB
On Friday, MongoDB Inc [NASDAQ:MDB] saw its stock jump 5.55% to $362.82. Over the last five days, the stock has gained 1.17%. MongoDB Inc shares have fallen nearly -11.26% since the year began. Nevertheless, the stocks have risen 59.19% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $198.72 was recorded on 04/04/24. SMA at 50 days reached $408.42, while 200 days put it at $388.11. A total of 2.1 million shares were traded, compared to the trading of 1.7 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 350.30, which if violated will result in even more drops to 337.78. On the upside, there is a resistance level at 370.00. A further resistance level may holdings at 377.18. The Relative Strength Index (RSI) on the 14-day chart is 44.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.32%. Stochastics %K at 30.54% indicates the stock is a holding.
How much short interest is there in MongoDB Inc?
A steep rise in short interest was recorded in MongoDB Inc stocks on Mar 15, 2024, dropping by 50000.0 shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.31 million shares. There was a decline of -1.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.20% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.96.
