MongoDB Inc’s recently made public that its Director MERRIMAN DWIGHT A unloaded Company’s shares for reported $2.25 million on May 03 ’24. In the deal valued at $374.95 per share,6,000 shares were sold. As a result of this transaction, MERRIMAN DWIGHT A now holds 1,148,784 shares worth roughly $416.84 million.
Then, MERRIMAN DWIGHT A sold 1,000 shares, generating $379,150 in total proceeds. Upon selling the shares at $379.15, the Director now owns 522,896 shares.
Before that, MERRIMAN DWIGHT A sold 2,000 shares. MongoDB Inc shares valued at $730,000 were divested by the Director at a price of $365.00 per share. As a result of the transaction, MERRIMAN DWIGHT A now holds 1,154,784 shares, worth roughly $419.01 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 fall -0.09% to $362.85. Over the last five days, the stock has lost -5.46%. MongoDB Inc shares have fallen nearly -11.25% since the year began. Nevertheless, the stocks have risen 64.54% 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 $373.41, while 200 days put it at $383.89. A total of 0.93 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 356.30, which if violated will result in even more drops to 349.76. On the upside, there is a resistance level at 373.93. A further resistance level may holdings at 385.01. The Relative Strength Index (RSI) on the 14-day chart is 49.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.21%. Stochastics %K at 68.30% indicates the stock is a holding.
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.
