MongoDB Inc’s recently made public that its Director MERRIMAN DWIGHT A acquired Company’s shares for reported $0.8 million on Feb 03 ’25. In the deal valued at $265.74 per share,3,000 shares were bought.
Then, Ittycheria Dev sold 8,335 shares, generating $2,333,757 in total proceeds. Upon selling the shares at $279.99, the President & CEO now owns 217,294 shares.
Before that, Ittycheria Dev bought 8,335 shares. MongoDB Inc shares valued at $2,333,755 were divested by the Officer at a price of $279.99 per share.
China Renaissance initiated its MongoDB Inc [MDB] rating to a Buy in a research note published on January 21, 2025; the price target was $351. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Guggenheim also remained covering MDB and has increased its forecast on January 06, 2025 with a “Buy” recommendation from previously “Neutral” rating. Rosenblatt started covering the stock on December 17, 2024. It rated MDB as “a Buy”.
Price Performance Review of MDB
On Monday, MongoDB Inc [NASDAQ:MDB] saw its stock fall -1.64% to $268.83. Over the last five days, the stock has gained 1.61%. MongoDB Inc shares have risen nearly 15.47% since the year began. Nevertheless, the stocks have fallen -32.88% over the past one year. While a 52-week high of $509.62 was reached on 01/28/25, a 52-week low of $212.74 was recorded on 01/02/25. SMA at 50 days reached $276.10, while 200 days put it at $278.79.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 263.07, which if violated will result in even more drops to 257.32. On the upside, there is a resistance level at 273.60. A further resistance level may holdings at 278.38. The Relative Strength Index (RSI) on the 14-day chart is 53.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.78%. Stochastics %K at 68.14% 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.
