MongoDB Inc’s recent filing unveils that its Director MERRIMAN DWIGHT A unloaded Company’s shares for reported $0.73 million on Apr 08 ’24. In the deal valued at $365.00 per share,2,000 shares were sold. As a result of this transaction, MERRIMAN DWIGHT A now holds 1,154,784 shares worth roughly $406.55 million.
Then, Pech Cedric sold 4,726 shares, generating $1,654,100 in total proceeds. Upon selling the shares at $350.00, the Chief Revenue Officer now owns 35,992 shares.
Before that, Pech Cedric sold 4,726 shares. MongoDB Inc shares valued at $1,622,719 were divested by the Chief Revenue Officer at a price of $343.36 per share. As a result of the transaction, Pech Cedric now holds 40,718 shares, worth roughly $14.34 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 fall -1.12% to $352.06. Over the last five days, the stock has lost -2.97%. MongoDB Inc shares have fallen nearly -13.89% since the year began. Nevertheless, the stocks have risen 55.63% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $212.52 was recorded on 04/04/24. SMA at 50 days reached $403.45, while 200 days put it at $387.43. A total of 1.04 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 347.92, which if violated will result in even more drops to 343.78. On the upside, there is a resistance level at 358.28. A further resistance level may holdings at 364.49. The Relative Strength Index (RSI) on the 14-day chart is 39.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.96%. Stochastics %K at 50.00% indicates the stock is a holding.
