The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. MongoDB Inc shares valued at $2,229,468 were purchased by Ittycheria Dev on Feb 26 ’25. At $267.48 per share, Ittycheria Dev acquired 8,335 shares.
Also, MERRIMAN DWIGHT A sold 885 shares, netting a total of over 258,464 in proceeds. Following the sale of shares at $292.05 each, the insider now holds 83,845 shares.
Before that, MERRIMAN DWIGHT A had added 885 shares to its account. In a trade valued at $258,200, the Director bought MongoDB Inc shares for $291.75 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 drop of approximately -9.51%. Over the course of the year, MongoDB Inc shares have jumped approximately 12.71%. Shares of the company reached a 52-week high of $298.92 on 02/18/25 and a 52-week low of $234.09 on 01/02/25. A 50-day SMA is recorded $262.86, while a 200-day SMA reached $272.18.
Support And Resistance Levels for MongoDB Inc (MDB)
According to the 24-hour chart, there is a support level at 256.53, which, if violated, would cause prices to drop to 250.65. In the upper region, resistance lies at 274.08. The next price resistance is at 285.75. RSI (Relative Strength Index) is 42.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -17.93, which suggests the price will decrease in the coming days. Percent R is at 79.51%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
