MongoDB Inc’s recent filing unveils that its Director Cochran Hope F unloaded Company’s shares for reported $0.31 million on Dec 17 ’24. In the deal valued at $266.99 per share,1,175 shares were sold. As a result of this transaction, Cochran Hope F now holds 17,570 shares worth roughly $4.27 million.
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Then, Gordon Michael Lawrence sold 5,000 shares, generating $1,339,253 in total proceeds. Upon selling the shares at $267.85, the COO and CFO now owns 80,307 shares.
Before that, HOPE COCHRAN bought 1,175 shares. MongoDB Inc shares valued at $313,713 were divested by the Director at a price of $266.99 per share.
Rosenblatt initiated its MongoDB Inc [MDB] rating to a Buy in a research note published on December 17, 2024; the price target was $350. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “a Sell”. Macquarie began covering MDB with “Neutral” recommendation on December 12, 2024. Guggenheim revised its rating on June 03, 2024. It rated MDB as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MDB
On Monday, MongoDB Inc [NASDAQ:MDB] saw its stock fall -1.10% to $242.92. Over the last five days, the stock has lost -8.55%. MongoDB Inc shares have fallen nearly -40.58% since the year began. Nevertheless, the stocks have fallen -40.73% over the past one year. While a 52-week high of $509.62 was reached on 02/12/24, a 52-week low of $212.74 was recorded on 08/05/24. SMA at 50 days reached $289.43, while 200 days put it at $292.24.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 240.36, which if violated will result in even more drops to 237.81. On the upside, there is a resistance level at 245.99. A further resistance level may holdings at 249.07. The Relative Strength Index (RSI) on the 14-day chart is 31.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -43.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.14%. Stochastics %K at 3.04% indicates the stock is a buying.
How much short interest is there in MongoDB Inc?
A steep rise in short interest was recorded in MongoDB Inc stocks on 2024-11-29, growing by 0.31 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.29 million shares. There was a rise of 6.67%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 23, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $415 price target.
