Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MongoDB Inc shares valued at $253,590 were sold by MERRIMAN DWIGHT A on Jan 13 ’25. At $242.67 per share, MERRIMAN DWIGHT A sold 1,045 shares. The insider’s holdings dropped to 85,652 shares worth approximately $20.81 million following the completion of this transaction.
Also, MERRIMAN DWIGHT A purchased 1,045 shares, netting a total of over 253,326 in proceeds.
Before that, Pech Cedric had sold 998 shares from its account. In a trade valued at $249,500, the President, Field Operations traded MongoDB Inc shares for $250.00 each. Upon closing the transaction, the insider’s holdings decreased to 998 shares, worth approximately $5.68 million.
As published in a research note from Guggenheim on January 06, 2025, MongoDB Inc [MDB] has been rated up from a Neutral to a Buy and the price target has been revised to $300. Analysts at Rosenblatt started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 16, 2024, Monness Crespi & Hardt has decreased its “Neutral” rating to a “Sell” for MDB. Earlier on December 12, 2024, Macquarie initiated its rating. Their recommendation was “a Neutral” for MDB stock.
Analyzing MDB Stock Performance
During the last five days, there has been a drop of approximately -1.24%. Over the course of the year, MongoDB Inc shares have jumped approximately 4.34%. Shares of the company reached a 52-week high of $259.88 on 01/06/25 and a 52-week low of $234.09 on 01/02/25. A 50-day SMA is recorded $280.83, while a 200-day SMA reached $284.03. Nevertheless, trading volume fell to 1.06 million shares from 1.09 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 240.27, which, if violated, would cause prices to drop to 237.64. In the upper region, resistance lies at 248.00. The next price resistance is at 253.10. RSI (Relative Strength Index) is 39.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.08, which suggests the price will decrease in the coming days. Percent R is at 55.68%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
