MongoDB Inc’s filing revealed that its President, Field Operations Pech Cedric unloaded Company’s shares for reported $0.25 million on Jan 03 ’25. In the deal valued at $250.00 per share,998 shares were sold. As a result of this transaction, Pech Cedric now holds 23,392 shares worth roughly $5.74 million.
Then, Pech Cedric sold 287 shares, generating $67,184 in total proceeds. Upon selling the shares at $234.09, the President, Field Operations now owns 24,390 shares.
Before that, Gordon Michael Lawrence sold 1,245 shares. MongoDB Inc shares valued at $291,442 were divested by the COO and CFO at a price of $234.09 per share. As a result of the transaction, Gordon Michael Lawrence now holds 79,062 shares, worth roughly $19.39 million.
Guggenheim upgraded its MongoDB Inc [MDB] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Monness Crespi & Hardt also remained covering MDB and has decreased its forecast on December 16, 2024 with a “Sell” recommendation from previously “Neutral” rating. Macquarie started covering the stock on December 12, 2024. It rated MDB as “a Neutral”.
Price Performance Review of MDB
On Friday, MongoDB Inc [NASDAQ:MDB] saw its stock fall -1.39% to $245.22. Over the last five days, the stock has gained 0.25%. MongoDB Inc shares have risen nearly 5.33% since the year began. Nevertheless, the stocks have fallen -35.25% over the past one year. While a 52-week high of $509.62 was reached on 01/06/25, a 52-week low of $212.74 was recorded on 01/02/25. SMA at 50 days reached $282.91, while 200 days put it at $285.76.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 241.04, which if violated will result in even more drops to 236.87. On the upside, there is a resistance level at 248.35. A further resistance level may holdings at 251.48. The Relative Strength Index (RSI) on the 14-day chart is 39.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 48.10%. Stochastics %K at 53.27% indicates the stock is a holding.
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.
