Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. MongoDB Inc shares valued at $2,333,755 were purchased by Ittycheria Dev on Jan 28 ’25. At $279.99 per share, Ittycheria Dev acquired 8,335 shares.
Also, MERRIMAN DWIGHT A sold 1,000 shares, netting a total of over 265,000 in proceeds. Following the sale of shares at $265.00 each, the insider now holds 1,116,006 shares.
Before that, Ittycheria Dev had sold 8,335 shares from its account. In a trade valued at $2,124,292, the President & CEO traded MongoDB Inc shares for $254.86 each. Upon closing the transaction, the insider’s holdings decreased to 8,335 shares, worth approximately $60.48 million.
As published in their initiating research note from China Renaissance on January 21, 2025, MongoDB Inc [MDB] has been a Buy and the price target has been revised to $351. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid January. As of January 06, 2025, Guggenheim has increased its “Neutral” rating to a “Buy” for MDB. Earlier on December 17, 2024, Rosenblatt initiated its rating. Their recommendation was “a Buy” for MDB stock.
Analyzing MDB Stock Performance
During the last five days, there has been a surge of approximately 6.76%. Over the course of the year, MongoDB Inc shares have jumped approximately 19.55%. Shares of the company reached a 52-week high of $286.83 on 01/28/25 and a 52-week low of $234.09 on 01/02/25. A 50-day SMA is recorded $276.95, while a 200-day SMA reached $279.97. Nevertheless, trading volume fell to 1.67 million shares from 3.45 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 272.73, which, if violated, would cause prices to drop to 267.12. In the upper region, resistance lies at 283.76. The next price resistance is at 289.18. RSI (Relative Strength Index) is 61.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.32, which suggests the price will increase in the coming days. Percent R is at 16.50%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.