MongoDB Inc’s filing revealed that its Director MERRIMAN DWIGHT A acquired Company’s shares for reported $0.28 million on Feb 10 ’25. In the deal valued at $281.36 per share,1,000 shares were bought.
Then, MERRIMAN DWIGHT A bought 922 shares, generating $256,929 in total proceeds.
Before that, MERRIMAN DWIGHT A sold 3,000 shares. MongoDB Inc shares valued at $798,000 were divested by the Director at a price of $266.00 per share. As a result of the transaction, MERRIMAN DWIGHT A now holds 1,113,006 shares, worth roughly $318.72 million.
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 jump 3.06% to $286.36. Over the last five days, the stock has gained 6.52%. MongoDB Inc shares have risen nearly 23.00% since the year began. Nevertheless, the stocks have fallen -37.39% over the past one year. While a 52-week high of $509.62 was reached on 02/10/25, a 52-week low of $212.74 was recorded on 01/02/25. SMA at 50 days reached $272.90, while 200 days put it at $277.23.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 281.94, which if violated will result in even more drops to 277.52. On the upside, there is a resistance level at 289.66. A further resistance level may holdings at 292.96. The Relative Strength Index (RSI) on the 14-day chart is 62.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.19%. Stochastics %K at 81.08% indicates the stock is a selling.
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.
