Month: July 2023

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Nordea Investment Management AB lifted its holdings in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,174 shares of the company’s stock after acquiring an additional 318 shares during the quarter. Nordea Investment Management AB’s holdings in MongoDB were worth $927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of MongoDB by 2.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock worth $2,256,000 after acquiring an additional 277 shares in the last quarter. Clarius Group LLC boosted its holdings in shares of MongoDB by 7.7% in the 1st quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after acquiring an additional 97 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 133 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MongoDB by 12.3% in the 4th quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after acquiring an additional 924 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of MongoDB by 30.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock worth $2,179,000 after acquiring an additional 2,591 shares in the last quarter. 89.22% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $240.00, for a total value of $480,000.00. Following the sale, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The disclosure for this sale can be found here. Insiders have sold 116,821 shares of company stock worth $41,133,220 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JMP Securities boosted their target price on MongoDB from $245.00 to $370.00 in a report on Friday, June 2nd. Citigroup upped their price target on MongoDB from $363.00 to $430.00 in a research note on Friday, June 2nd. Morgan Stanley lifted their price objective on MongoDB from $270.00 to $440.00 in a research report on Friday, June 23rd. Sanford C. Bernstein lifted their price objective on MongoDB from $257.00 to $424.00 in a research report on Monday, June 5th. Finally, Robert W. Baird lifted their price objective on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $366.30.

MongoDB Trading Down 2.6 %

NASDAQ:MDB opened at $388.62 on Friday. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $27.22 billion, a PE ratio of -83.22 and a beta of 1.13. The business’s 50-day simple moving average is $329.63 and its 200-day simple moving average is $252.90.

MongoDB (NASDAQ:MDB – Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the business posted ($1.15) EPS. MongoDB’s revenue for the quarter was up 29.0% on a year-over-year basis. Sell-side analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

2023 has been a far better year for my ISA compared to 2022. We’re now halfway through the year, and my portfolio is already up by double digits. Yet there continue to be many lucrative buying opportunities in the stock market today. And two firms from my best stocks to buy list that I’ve recently been loading up on are Keywords Studios (LSE:KWS) and MongoDB (NASDAQ:MDB).

AI vs Keywords

As a quick reminder, Keywords Studios is a critical supplier of talent services to the video game industry. The company owns a global network of development studios that work alongside some of the biggest publishers in the world, including Electronic Arts, Activision Blizzard, and Ubisoft.

This picks & shovels play in gaming has proven immensely profitable over the years. After all, the stock price has increased roughly 1,120% over the last decade. That’s an average 28.4% annual compounded rate of return, making it by far one of the best stocks to buy in 2013.

But in 2023, its performance has been pretty dreadful. Year-to-date, the shares have fallen by over 35% as investors fear AI may soon disrupt this company’s business model. While this has some validity, the reaction seems overblown, in my opinion.

Several leading AI tools used in game development today, such as Yokozuna Data and KantanAI, are owned by Keywords. And management has been actively ramping up its investments in this space in preparation for the eventual technological shift.

While the stock trades at a high P/E ratio of 35, compared to its historical track record, that’s pretty cheap. And it’s why I’ve been drip-feeding more capital into my position.

A new database is needed

Like many tech stocks, MongoDB got pummelled into the ground last year, falling by over 60%! And while the stock certainly got ahead of itself before that in terms of valuation, this again looked like an overreaction. That’s why I’ve been steadily buying more since June last year. And considering the stock has climbed over 40% since then, my conclusion seems spot on (at least for now).

Story continues

MongoDB is a software-as-a-service company attempting to disrupt database titans like Oracle. Instead of using a traditional relational table approach designed in the 1970s, the company uses a new method called document-oriented.

Document-oriented databases aren’t always the best choice. But when it comes to massive unstructured data, much like what’s used to train machine learning algorithms, they’re much faster than relational table databases. So, it’s no surprise that in its latest earnings report, revenue grew by almost 30%, with losses shrinking from $77.3m to $54.2m year on year.

As an unprofitable enterprise, the risk is undoubtedly elevated. And with the cost of external capital increasing, shareholders will likely encounter further volatility in the future. But given the impressive technology and track record of consistently beating expectations, I’m cautiously optimistic about the long-term growth potential of this business. That’s why I believe it’s one of the best stocks to buy today.

The post My 2023 best stocks to buy list: shares I think are poised for a recovery appeared first on The Motley Fool UK.

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Zaven Boyrazian has positions in Keywords Studios Plc and MongoDB. The Motley Fool UK has recommended MongoDB. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.

Motley Fool UK 2023

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Article originally posted on InfoQ. Visit InfoQ

Google Cloud recently added support for the pgvector on Cloud SQL for PostgreSQL and AlloyDB for PostgreSQL. The extension brings vector search operations to the managed databases, allowing developers to store vector embeddings generated by large language models (LLMs) and perform similarity searches.

Cloud SQL and AlloyDB can now be paired with generative AI services on Vertex AI, helping create AI-enabled applications that are aware of the application and user state. Sandhya Ghai, senior product manager at Google, and Bala Narasimhan, product manager at Google, explain:

Vector embeddings are numerical representations typically used to transform complex user-generated content like text, audio, and video into a form that can be easily stored, manipulated, and indexed. These representations are generated by embeddings models such that, if two pieces of content are semantically similar, their respective embeddings are located near each other in the embedding vector space. Vector embeddings are then indexed and used to efficiently filter data based on similarity.

For example, developers can use Vertex AI’s pre-trained models across text and images to generate embeddings and store and index them in a database, simplifying the search for similar records.

The pgvector extension can now be installed within an existing database using the CREATE EXTENSION command:

postgres=> CREATE EXTENSION IF NOT EXISTS vector;
CREATE EXTENSION

postgres=> CREATE TABLE embeddings(
  	id INTEGER,
  	embedding vector(3)
);
CREATE TABLE

postgres=> INSERT INTO embeddings
       	VALUES
               	(1, '[1, 0, -1]'),
               	(2, '[1, 1, 1]'),
               	(3, '[1, 1, 50]');
INSERT 0 3

Source: https://cloud.google.com/blog/products/databases/using-pgvector-llms-and-langchain-with-google-cloud-databases

The new feature can also help developers leverage pre-trained LLMs, as Ghai and Narasimhan explain:

One thing to note about LLMs is that they have no concept of state. (…) Embeddings allow you to store large contexts such as documentation or long-term chat histories in your database and filter them to find the most relevant information. You can then feed the most relevant pieces of chat history or documentation to the model to simulate long-term memory and business-specific knowledge.

Google Cloud released a Colab notebook and a video to build AI-powered apps using pgvector, the open-source framework LangChain, and LLMs. Showing how to add generative AI features to a sample Python application, Saket Saurabh, senior software engineer at Google, writes:

The pgvector extension also introduces new operators for performing similarity matches on vectors, allowing you to find vectors that are semantically similar. Two such operators are:
‘’: returns the Euclidean distance between the two vectors. (…)
‘’: returns the cosine distance between the two vectors.

Google Cloud is not the only cloud provider targeting vector databases in the last few months, with Amazon RDS for PostgreSQL supporting the pgvector extension and Microsoft showing how Azure Data Explorer (ADX) can be used as a vector database and discussing several connectors to vector databases.

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MongoDB, Inc. (NASDAQ:MDB – Free Report) CAO Thomas Bull sold 516 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $406.78, for a total transaction of $209,898.48. Following the transaction, the chief accounting officer now directly owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

MongoDB Trading Down 2.6 %

Shares of MDB stock opened at $388.62 on Friday. The company has a 50 day moving average of $329.63 and a 200-day moving average of $252.53. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70. The firm has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same period in the previous year, the business earned ($1.15) EPS. MongoDB’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MDB. Truist Financial increased their price objective on shares of MongoDB from $365.00 to $420.00 in a research report on Friday, June 23rd. Stifel Nicolaus increased their price objective on shares of MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. Barclays raised their price target on shares of MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Robert W. Baird raised their price target on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Finally, VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MDB. Raymond James & Associates grew its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after purchasing an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of MongoDB during the 1st quarter valued at $1,823,000. Panagora Asset Management Inc. grew its position in shares of MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

See Also

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) CEO Dev Ittycheria sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at $88,775,860.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dev Ittycheria also recently made the following trade(s):

• On Monday, July 3rd, Dev Ittycheria sold 4,226 shares of MongoDB stock. The stock was sold at an average price of $406.79, for a total transaction of $1,719,094.54.
• On Thursday, June 1st, Dev Ittycheria sold 20,000 shares of MongoDB stock. The shares were sold at an average price of $287.32, for a total transaction of $5,746,400.00.

MongoDB Stock Down 2.6 %

Shares of MDB opened at $388.62 on Friday. The firm has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70. The company’s 50-day moving average price is $329.63 and its 200 day moving average price is $252.53. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.

MongoDB (NASDAQ:MDB – Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. MongoDB’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.15) EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MDB shares. Sanford C. Bernstein lifted their target price on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Truist Financial lifted their price target on shares of MongoDB from $365.00 to $420.00 in a research note on Friday, June 23rd. Piper Sandler lifted their price target on shares of MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. Citigroup lifted their target price on shares of MongoDB from $363.00 to $430.00 in a research note on Friday, June 2nd. Finally, Tigress Financial lifted their target price on shares of MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.30.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Bessemer Group Inc. purchased a new stake in MongoDB during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MongoDB during the fourth quarter worth about $30,000. Global Retirement Partners LLC increased its stake in MongoDB by 346.7% during the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Lindbrook Capital LLC increased its stake in MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in MongoDB during the fourth quarter worth about $36,000. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading

Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) CEO Dev Ittycheria sold 4,226 shares of MongoDB stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $1,719,094.54. Following the completion of the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $88,714,797.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dev Ittycheria also recently made the following trade(s):

• On Wednesday, July 5th, Dev Ittycheria sold 50,000 shares of MongoDB stock. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00.
• On Thursday, June 1st, Dev Ittycheria sold 20,000 shares of MongoDB stock. The shares were sold at an average price of $287.32, for a total value of $5,746,400.00.

MongoDB Stock Down 2.6 %

NASDAQ:MDB opened at $388.62 on Friday. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $418.70. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of -83.22 and a beta of 1.13. The stock has a 50-day moving average price of $329.63 and a two-hundred day moving average price of $252.53.

MongoDB (NASDAQ:MDB – Free Report) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.15) earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% during the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. Bessemer Group Inc. bought a new stake in MongoDB during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in MongoDB during the fourth quarter worth about $30,000. Manchester Capital Management LLC bought a new stake in MongoDB during the first quarter worth about $36,000. Finally, Clearstead Advisors LLC bought a new stake in MongoDB during the first quarter worth about $36,000. 89.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDB. Barclays lifted their price objective on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Mizuho boosted their target price on MongoDB from $220.00 to $240.00 in a research report on Friday, June 23rd. Robert W. Baird boosted their target price on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Tigress Financial boosted their target price on MongoDB from $365.00 to $490.00 in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their target price on MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $366.30.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading

Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $407.11, for a total value of $1,628,440.00. Following the completion of the sale, the director now directly owns 1,214,765 shares in the company, valued at approximately $494,542,979.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MongoDB Trading Down 2.6 %

Shares of MDB stock opened at $388.62 on Friday. The stock has a market cap of $27.22 billion, a price-to-earnings ratio of -83.22 and a beta of 1.13. The stock has a 50-day moving average of $329.63 and a 200-day moving average of $252.53. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $418.70.

MongoDB (NASDAQ:MDB – Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.15) earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ increased its stake in shares of MongoDB by 2.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock valued at $2,256,000 after buying an additional 277 shares during the period. Clarius Group LLC grew its stake in MongoDB by 7.7% during the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after purchasing an additional 97 shares during the period. Lindbrook Capital LLC grew its stake in MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the period. Principal Financial Group Inc. grew its stake in MongoDB by 12.3% during the fourth quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after purchasing an additional 924 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in MongoDB by 30.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock worth $2,179,000 after purchasing an additional 2,591 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on MongoDB from $420.00 to $440.00 in a research report on Friday, June 23rd. Barclays boosted their price target on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Oppenheimer boosted their price target on MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Finally, Robert W. Baird boosted their price target on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $366.30.

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading

Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) CFO Michael Lawrence Gordon sold 2,197 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $893,717.63. Following the sale, the chief financial officer now owns 101,509 shares of the company’s stock, valued at $41,292,846.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

MongoDB Stock Performance

NASDAQ MDB opened at $388.62 on Friday. The company has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The business’s 50 day moving average price is $329.63 and its 200-day moving average price is $252.53. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70.

MongoDB (NASDAQ:MDB – Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.15) EPS. Sell-side analysts predict that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analysts Set New Price Targets

MDB has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price objective on MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. Capital One Financial initiated coverage on MongoDB in a research report on Monday, June 26th. They set an “equal weight” rating and a $396.00 price objective on the stock. JMP Securities lifted their price objective on MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Oppenheimer lifted their price objective on MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Finally, Morgan Stanley lifted their price objective on MongoDB from $270.00 to $440.00 in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.30.

Hedge Funds Weigh In On MongoDB

Large investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of MongoDB during the 4th quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MongoDB in the 4th quarter valued at $30,000. Global Retirement Partners LLC grew its position in MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Lindbrook Capital LLC grew its position in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in MongoDB in the 4th quarter valued at $36,000. Institutional investors own 89.22% of the company’s stock.

About MongoDB

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

See Also

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) CTO Mark Porter sold 2,734 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $412.33, for a total transaction of $1,127,310.22. Following the completion of the sale, the chief technology officer now directly owns 35,056 shares of the company’s stock, valued at $14,454,640.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Mark Porter also recently made the following trade(s):

• On Friday, June 2nd, Mark Porter sold 2,669 shares of MongoDB stock. The stock was sold at an average price of $381.12, for a total transaction of $1,017,209.28.
• On Tuesday, May 9th, Mark Porter sold 2,673 shares of MongoDB stock. The shares were sold at an average price of $250.00, for a total transaction of $668,250.00.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $388.62 on Friday. The firm has a 50 day moving average of $329.63 and a 200 day moving average of $252.53. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of -83.22 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70.

MongoDB (NASDAQ:MDB – Free Report) last announced its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.15) earnings per share. On average, research analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Barclays lifted their price target on shares of MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Oppenheimer lifted their price target on shares of MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Robert W. Baird lifted their price target on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Finally, Mizuho lifted their price target on shares of MongoDB from $220.00 to $240.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $366.30.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of MDB. Bessemer Group Inc. bought a new position in shares of MongoDB in the fourth quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of MongoDB in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Lindbrook Capital LLC boosted its position in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the period. Finally, Y.D. More Investments Ltd bought a new position in shares of MongoDB in the fourth quarter worth approximately $36,000. 89.22% of the stock is currently owned by institutional investors.

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Article originally posted on mongodb google news. Visit mongodb google news

Article originally posted on InfoQ. Visit InfoQ

Spring Boot 3.1, the latest version of the popular Java-based framework for building stand-alone, production-grade applications, introduces improved support for development-time containers. This new feature was the focus of a recent livestream by Josh Long, a Spring developer advocate, on his YouTube channel “Coffee + Software with Josh Long.” In addition, a blog post on the official Spring website titled “Spring Boot 3.1’s ConnectionDetails abstraction” provides further insights into this new feature.

Testcontainers is an open-source Java library that provides lightweight, throwaway instances of common databases, Selenium web browsers, or anything else that can run in a Docker container. It is primarily used for integration testing, where you need to ensure that your application correctly interacts with an external system.

While Testcontainers was supported in previous versions of Spring Boot, its integration was not as seamless as it could be. Spring Boot 3.1 has addressed this issue by introducing a new @ServiceConnection annotation. This annotation simplifies the process of integration testing with Testcontainers by reducing the amount of code required and avoiding the “stringly” typed coupling between integration tests and Spring Boot auto-configurations. Consider the following example of how developers can use the @ServiceConnection annotation:

@ServiceConnection
public static PostgreSQLContainer db = new PostgreSQLContainer("postgres:13")
  .withDatabaseName("test")
  .withUsername("test")
  .withPassword("test");

The second major feature introduced in Spring Boot 3.1 is the use of Testcontainers at development time. This feature allows developers to start Testcontainers in their production code and configure properties to connect to those containers. However, this approach requires the Testcontainers dependency to be on the compile classpath, which may be included in the fat JAR. Spring Boot 3.1 offers a better way by keeping the Testcontainers dependency in the test scope and creating a new main method inside the test code. Consider the following example:

import org.springframework.boot.SpringApplication;

public class TestMyApplication {
   public static void main(String[] args) {
       SpringApplication.from(MyApplication::main).run(args);
   }
}

This test-main method utilizes the new SpringApplication.from method to delegate to the “real” main method used in production code.

Developers now have the ability to create a @TestConfiguration which defines beans for the Testcontainers needed while developing their application. Consider the following example:

import org.springframework.boot.test.context.TestConfiguration;
import org.springframework.boot.testcontainers.service.connection.ServiceConnection;
import org.springframework.context.annotation.Bean;

@TestConfiguration(proxyBeanMethods = false)
public class MyContainersConfiguration {

   @Bean
   @ServiceConnection
   Neo4jContainer neo4jContainer (){
       return new Neo4jContainer("neo4j:5");
   }
}

Spring Boot 3.1 manages the lifecycle of the containers, starting them on application start-up and shutting them down when the application is stopped. This feature can be used from the IDE or from the terminal using the Spring Boot plugins for Gradle and Maven.

The YouTube video provides further insights into the use of Docker Compose and Testcontainers for establishing development-time containers. In the video, Josh Long illustrates the process of creating a main method for Testcontainers and setting up a configuration for MongoDB using Testcontainers. The benefits of these features are highlighted, such as enhanced consistency and simplified setup for development environments, along with more detailed control over the lifecycle of infrastructure for tests.

These enhancements in Spring Boot 3.1 aim to simplify the process of setting up and managing dependencies for development environments, making it easier for new engineers to start contributing to a project. The improved support for Testcontainers and development-time containers in Spring Boot 3.1 is a significant step forward in making the development process more efficient and streamlined.

For more information on how to use Testcontainers with Spring Boot, developers can refer to the official Spring Boot documentation.