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 $281,620 were sold by MERRIMAN DWIGHT A on Feb 10 ’25. At $281.62 per share, MERRIMAN DWIGHT A sold 1,000 shares. The insider’s holdings dropped to 1,112,006 shares worth approximately $325.78 million following the completion of this transaction.
Also, MERRIMAN DWIGHT A sold 922 shares, netting a total of over 257,318 in proceeds. Following the sale of shares at $279.09 each, the insider now holds 84,730 shares.
Before that, MERRIMAN DWIGHT A had added 1,000 shares to its account. In a trade valued at $281,355, the Director bought MongoDB Inc shares for $281.36 each.
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 5.35%. Over the course of the year, MongoDB Inc shares have jumped approximately 25.84%. Shares of the company reached a 52-week high of $294.00 on 02/13/25 and a 52-week low of $234.09 on 01/02/25. A 50-day SMA is recorded $270.68, while a 200-day SMA reached $275.99. Nevertheless, trading volume fell to 1.49 million shares from 1.28 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 285.43, which, if violated, would cause prices to drop to 277.88. In the upper region, resistance lies at 297.26. The next price resistance is at 301.54. RSI (Relative Strength Index) is 66.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.09, which suggests the price will increase in the coming days. Percent R is at 2.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
