MongoDB Inc. [MDB] stock was sold by MERRIMAN DWIGHT A at the price of US$0.18 million
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MongoDB Inc.’s filing revealed that its Director MERRIMAN DWIGHT A unloaded Company’s shares for reported $0.18 million on Jul 11. In the deal valued at $309.62 per share,588 shares were sold. As a result of this transaction, MERRIMAN DWIGHT A now holds 1,322,954 shares worth roughly $ 382.9 million.
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Then, Ittycheria Dev sold 4,991 shares, generating $1,319,868 in total proceeds. Upon selling the shares at $264.45, the President & CEO now owns 199,753 shares.
Before that, Gordon Michael Lawrence sold 2,704 shares. MongoDB Inc. shares valued at $715,127 were divested by the COO and CFO at a price of $264.47 per share. As a result of the transaction, Gordon Michael Lawrence now holds 93,132 shares, worth roughly $26.96 million.
Robert W. Baird initiated its MongoDB Inc. [MDB] rating to an Outperform in a research note published on Monday, July 13, 2022; the price target was $360. PT values the company’s stock at a premium of 19.6 to its Monday closing price. A number of analysts have revised their coverage, including Redburn’s analysts, who began to cover the stock in late June with a ‘”a Sell”‘ rating. Needham also remained covering MDB and reiterated its “Buy” recommendation on June 10, 2022. UBS revised its rating on March 18, 2022. It rated MDB as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MDB
On Monday, MongoDB Inc. [NASDAQ:MDB] saw its stock fall -4.04% to $289.43. On the same session, the stock had its day’s lowest price of $283.9497, but rose to a high of $298.98. Over the last five days, the stock has gained 2.94%. MongoDB Inc. shares have fallen nearly -45.32% since the year began. Nevertheless, the stocks have fallen -19.95% over the past one year. While a 52-week high of $590.00 was reached on 01/03/22, a 52-week low of $213.39 was recorded on 05/26/22. SMA at 50 days reached $272.18, while 200 days put it at $396.50. A total of 1.44 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For MDB Stock
The 24-hour chart illustrates a support level at 282.59, which if violated will result in even more drops to 275.76. On the upside, there is a resistance level at 297.62. A further resistance level may holdings at 305.82. The Relative Strength Index (RSI) on the 14-day chart is 49.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 59.28%. Stochastics %K at 65.43% 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 Apr 28, 2022, growing by 80000.0 shares to a total of 4.12 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 4.04 million shares. There was a rise of 1.94%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.04.
MongoDB Inc. [MDB] – Who Are The Largest Shareholders?
In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 8,234,101 shares, or roughly 12.09% of the outstanding MDB shares. In other words, the investor’s shares have risen by 1,072,904 from its previous 13-F filing of 7161197.0. Additionally, Capital Research & Management Co decreased -1.35% of its stake after which the total value it holdings stand at $1,672,633,979, while The Vanguard Group, Inc. added 2.23% of its stake to hold $1.52 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -993,406 shares of MongoDB Inc., while BlackRock Fund Advisors sold 198,086 shares. At present, Morgan Stanley Investment Managem is holding 1,958,515 shares valued at $508.23 million. BlackRock Advisors LLC owned 1,714,399 shares of the company at the time of its most recent 13F filing, worth $444.89 million.
According to FactSet, MongoDB Inc.’s share price will average $365.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.7 percent from its previous closing price of $301.61. Analysts expect MongoDB Inc. stock to reach the higher price of $500.00, while the lowest price estimate is $270.00. However, 23 analysts have rated MDB stock as an Overweight in their predictions for 2022. The most recent change occurred on March 01, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $505 price target.
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