In a filing, MongoDB Inc revealed 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 $443.21 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 $15.63 million.
Loop Capital initiated its MongoDB Inc [MDB] rating to a Buy in a research note published on April 23, 2024; the price target was $415. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid March from “a Neutral” to “a Sell”. DA Davidson also remained covering MDB and has increased its forecast on March 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. UBS revised its rating on January 04, 2024. It rated MDB as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MDB
On Friday, MongoDB Inc [NASDAQ:MDB] saw its stock jump 4.83% to $383.80. Over the last five days, the stock has gained 17.20%. MongoDB Inc shares have fallen nearly -6.13% since the year began. Nevertheless, the stocks have risen 61.11% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $215.56 was recorded on 04/22/24. SMA at 50 days reached $381.92, while 200 days put it at $385.06. A total of 1.56 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 377.45, which if violated will result in even more drops to 371.09. On the upside, there is a resistance level at 388.01. A further resistance level may holdings at 392.21. The Relative Strength Index (RSI) on the 14-day chart is 60.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 19.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.21%. Stochastics %K at 94.73% indicates the stock is a selling.
The most recent change occurred on November 16, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $500 price target.
