Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MongoDB Inc shares valued at $730,000 were sold by MERRIMAN DWIGHT A on Apr 08 ’24. At $365.00 per share, MERRIMAN DWIGHT A sold 2,000 shares. The insider’s holdings dropped to 1,154,784 shares worth approximately $395.8 million following the completion of this transaction.
Also, Pech Cedric sold 4,726 shares, netting a total of over 1,654,100 in proceeds. Following the sale of shares at $350.00 each, the insider now holds 35,992 shares.
Before that, Pech Cedric had sold 4,726 shares from its account. In a trade valued at $1,622,719, the Chief Revenue Officer traded MongoDB Inc shares for $343.36 each. Upon closing the transaction, the insider’s holdings decreased to 4,726 shares, worth approximately $13.96 million.
As published in a research note from Redburn Atlantic on March 19, 2024, MongoDB Inc [MDB] has been rated down from a Neutral to a Sell and the price target has been revised to $295 from $410. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of January 04, 2024, UBS has decreased its “Buy” rating to a “Neutral” for MDB. Earlier on November 16, 2023, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for MDB stock.
Analyzing MDB Stock Performance
During the last five days, there has been a drop of approximately -2.43%. Over the course of the year, MongoDB Inc shares have dropped approximately -16.17%. Shares of the company reached a 52-week high of $509.62 on 02/12/24 and a 52-week low of $337.31 on 04/04/24. A 50-day SMA is recorded $398.61, while a 200-day SMA reached $386.56. Nevertheless, trading volume fell to 0.91 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for MongoDB Inc (MDB)
According to the 24-hour chart, there is a support level at 339.64, which, if violated, would cause prices to drop to 336.53. In the upper region, resistance lies at 348.92. The next price resistance is at 355.10. RSI (Relative Strength Index) is 36.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.73, which suggests the price will decrease in the coming days. Percent R is at 81.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
