Month: July 2023

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MongoDB (NASDAQ:MDB – Free Report) had its price objective boosted by KeyCorp from $372.00 to $462.00 in a report released on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus upped their price target on shares of MongoDB from $375.00 to $420.00 in a report on Friday, June 23rd. Sanford C. Bernstein upped their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Mizuho upped their price target on shares of MongoDB from $220.00 to $240.00 in a report on Friday, June 23rd. Royal Bank of Canada upped their price target on shares of MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, Capital One Financial began coverage on shares of MongoDB in a report on Monday, June 26th. They issued an equal weight rating and a $396.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $375.59.

MongoDB Trading Down 0.7 %

MDB stock opened at $409.78 on Friday. 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 has a twelve month low of $135.15 and a twelve month high of $439.00. The stock has a market capitalization of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. The firm’s fifty day simple moving average is $362.53 and its two-hundred day simple moving average is $268.31.

MongoDB (NASDAQ:MDB – Get Free Report) last posted 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 for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the business posted ($1.15) earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. As a group, analysts anticipate that MongoDB will post -2.8 earnings per share for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 516 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 516 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 1,225,954 shares of the company’s stock, valued at $294,228,960. The disclosure for this sale can be found here. Insiders sold 118,427 shares of company stock valued at $41,784,961 in the last three months. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC acquired a new position in MongoDB in the 2nd quarter worth approximately $26,000. Bessemer Group Inc. acquired a new position in MongoDB in the 4th quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in MongoDB in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC increased its holdings in MongoDB by 346.7% in the 1st 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. Finally, Lindbrook Capital LLC increased its holdings in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.

MongoDB Company Profile

(Get 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

July 23, 2023 – MongoDB (NASDAQ:MDB), the global provider of a general-purpose database platform, recently had its target price increased by KeyCorp. In a research report issued on Friday, KeyCorp raised the target price from $372.00 to $462.00, indicating a potential upside of 11.96% from the company’s previous close.

The financial community eagerly awaits this news as it assesses the implications for MongoDB’s future performance and overall market value. With a higher target price set by an influential firm such as KeyCorp, investors are now carefully analyzing the prospects of this tech company.

MongoDB last released its quarterly earnings data on Thursday, June 1st. The report exceeded expectations with earnings per share of $0.56 for the quarter, surpassing the consensus estimate by $0.38. This positive surprise sent ripples through the investment world, sparking intrigue and curiosity among analysts and shareholders alike.

However, despite outperforming earnings estimates, MongoDB still faces certain challenges reflected in its negative net margin of 23.58%. Additionally, its return on equity for the quarter was marked by a disappointing negative figure of 43.25%. These figures emphasize that while MongoDB has made progress in terms of profitability and efficiency, there is room for improvement.

The company’s revenue during this quarter stood at an impressive $368.28 million compared to analyst estimates of $347.77 million. This represents a robust increase of 29% when compared to the same period last year – an achievement worthy of acknowledgment.

Analysts are closely monitoring MongoDB’s performance and forecasting its fiscal year earnings per share to be around -2.8; hence there seems to be some lingering concerns about profitability in future quarters.

MongoDB offers various solutions to meet the diverse needs of its customers worldwide. Its flagship product, MongoDB Atlas, stands as a hosted multi-cloud database-as-a-service solution catering to businesses of all sizes. For enterprise customers, the company provides MongoDB Enterprise Advanced, a commercial database server that can be deployed in the cloud, on-premise, or in a hybrid environment. Lastly, MongoDB offers Community Server, a free-to-download version of its database tailored to empower developers with the necessary functionality to kickstart their projects.

Much of MongoDB’s success thus far attributes to its commitment to catering to both enterprise and open-source markets. By offering flexible solutions to meet the demands of different customer segments, MongoDB has managed to create a strong foothold in the database industry.

As investors assess the potential positive impact of KeyCorp’s revised target price for MongoDB’s shares, it is crucial for them to consider both recent successes and ongoing challenges faced by the company. While revenue growth continues at an impressive pace, concerns persist regarding profitability and return on equity.

Looking ahead, industry experts will keenly observe how MongoDB navigates these challenges and whether it can sustain its upward trajectory. In an ever-evolving tech landscape where data plays an indispensable role, MongoDB’s continued innovation will determine its ability to secure success in this highly competitive market.

Disclaimer: The information provided here does not constitute investment advice or recommendations. It is purely for informational purposes only. Investors are advised to conduct thorough research and consult with financial professionals before making any investment decisions concerning MongoDB (NASDAQ:MDB) or any other company listed on the stock exchange.

MongoDB, Inc. Receives Positive Analyst Attention and Shows Growth Potential

MongoDB, Inc. (NASDAQ:MDB) has been receiving positive attention from research analysts as its stock continues to perform well in the market. Numerous reports have been released, with analysts sharing their insights and predictions for the company’s future.

One of the recent reports came from Oppenheimer, who raised their target price on MongoDB shares from $270.00 to $430.00. This increase suggests that Oppenheimer sees significant potential for growth in the company.

Another report came from 58.com, which reiterated a “maintains” rating on MongoDB shares. This indicates that 58.com believes MongoDB is worth holding onto and expects it to continue performing well.

The Goldman Sachs Group also increased their price target on MongoDB shares, raising it from $420.00 to $440.00. This demonstrates Goldman Sachs’ confidence in the company and its belief that the stock has room for further growth.

Sanford C. Bernstein also raised their price target on MongoDB shares, increasing it from $257.00 to $424.00. This highlights Bernstein’s optimistic outlook for the company and its potential to deliver strong returns.

However, not all reports were positive. Guggenheim lowered their rating on MongoDB shares from “neutral” to “sell”, but they still increased their price target from $205.00 to $210.00 due to a valuation call.

Despite this downgrade, the overall sentiment towards MongoDB remains largely positive among research analysts. Bloomberg reports that MongoDB has an average rating of “Moderate Buy” among analysts, with a consensus price target of $375.59.

On July 23, 2023, NASDAQ:MDB opened at $412.64 per share – a notable increase compared to its twelve-month low of $135.15 and close to its twelve-month high of $439.00.

As a leader in providing general-purpose database platforms worldwide, MongoDB offers several products including MongoDB Atlas, a hosted multi-cloud database-as-a-service solution. It also provides MongoDB Enterprise Advanced, a commercial database server designed for enterprises to run in various environments. Additionally, MongoDB offers a free-to-download version called Community Server, which helps developers get started with the platform.

In recent news, it was disclosed that Cedric Pech, Chief Revenue Officer (CRO) of MongoDB, sold 360 shares of the company’s stock on July 3rd at an average price of $406.79 per share. Following this sale, Pech now owns 37,156 shares valued at $15,114,689.24.

Further executive transactions were revealed: CRO Cedric Pech also sold 360 shares on the same day as before at an average price of $406.79 per share; and CEO Dev Ittycheria sold 20,000 shares on June 1st at an average price of $287.32 per share.

Insider selling has been significant in recent months, with insiders collectively selling 118,427 shares totaling $41,784,961 in value. However, insiders still hold approximately 4.80% of the company’s stock.

Institutional investors have also shown interest in MongoDB’s stock. Skandinaviska Enskilda Banken AB publ increased its holdings by 2.5%, while Clarius Group LLC lifted its holdings by 7.7%. Lindbrook Capital LLC and Principal Financial Group Inc. also raised their holdings significantly by 350% and 12.3%, respectively.

Overall, both analysts and institutional investors have expressed confidence in MongoDB’s potential for growth and success in the market. With positive ratings from research analysts and increasing interest from investors, MongoDB remains poised to continue its upward trajectory in the coming months and years ahead.

Please note that all figures mentioned are accurate as of July 23rd, 2023.

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Prompt engineering is key to create effective LLM-based applications and it does not require to have a PhD in machine learning or generative AI, say GitHub engineers Albert Ziegler and John Berryman, who also shared the lessons they learned developing GitHub Copilot.

The rise of LLMs has created a complete new field for practitioners interested in leveraging generative AI in their applications. Known as prompt engineering, it focuses on how to instruct an LLM to produce an output that is not part of its pre-training. To this aim, prompt engineering enables defining ways to craft prompts that include enough context for the LLM to produce the best possible output.

Relevant context information is found in the user domain and should be included in the prompt along with the sheer task specification, which exists in the rather unspecific document domain where the LLM is just a sort of next token predictor. Without a proper mapping between the two domains, e.g., by specifying in the prompt that the response should be generated as “a helpful IT expert”, the response could turn out to be overly generic.

In Copilot’s case, useful context information may include the language, the file path, text above the cursor, text below the cursor, text in other files, and more, say Ziegler and Berryman.

Converting between the user domain and document domain is the realm of prompt engineering—and since we’ve been working on GitHub Copilot for over two years, we’ve started to identify some patterns in the process.

In summary, the approach they suggest is based on a sequence of steps. First off, you want to collect all relevant context (context gathering), which could include whole source files. In many cases this context will outgrow the available LLM window, so you will need to kind of optimize it by way of snippeting it into smaller non-overlapping chunks. The next two phases in the pipeline are finding a natural way to inject context information in the LLM document, e.g., using code comments in Copilot cases, and prioritizing the snippet to include based on their relevance. An additional phase, when you can choose among multiple LLM models, is to decide which model to use for inference. A final step is defining a stop criteria so the LLM knows when it is done, e.g., when a line break is output.

There are multiple approaches to prompt engineering. Recently Microsoft open sourced its LMOps toolkit, which includes Promptist, a tool to optimize a user’s text input for text-to-image generation, and Structured prompting, a technique for including more examples in a few-shot learning prompt for text generation.

While it can be speculated that LLMs will evolve up to a point where prompt engineering is not required anymore, OpenAI’s tech staff member Sherwin Wu noted at the last QCon New York “LLM in Production” panel that for at least five years it will be likely needed.

If you are interested in GitHub’s approach to prompt engineering, do not miss the full article, which covers much more detail than what can be summarized here.

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Databases are crucial components for software applications, enabling data storage, processing, and retrieval. They are used in various types of applications, ranging from web-based platforms to enterprise-level projects, embedded systems, and cutting-edge technologies like Artificial Intelligence (AI), Deep Learning, Machine Learning, Data Science, High-Performance Computing (HPC), Blockchain, and the Internet of Things (IoT).

Here are some essential types of popular databases:

Oracle: Oracle has been offering a robust, enterprise-grade database for almost four decades. It remains the most widely used database system, even with competition from open-source SQL and NoSQL databases. Oracle supports languages like C, C++, and Java and comes with numerous features, including JSON from SQL.

MySQL: MySQL, a structured query language, is primarily used in web development solutions. It gained popularity due to its enterprise-grade functionality, flexible community license (GPL), and updated commercial license. MySQL focuses on stability, robustness, and maturity, with different editions offering unique features.

PostgreSQL: PostgreSQL is an advanced open-source relational database. It is a powerful C-based database management system used by companies dealing with large data volumes. PostgreSQL finds applications in gaming apps, database automation tools, and domain registrations.

Microsoft SQL Server: Microsoft SQL Server is a multi-model database that supports Structured Data (SQL), Semi-Structured Data (JSON), and Spatial Data. It runs on both Windows and Linux operating systems and has been popular among mid-range commercial databases on Windows systems for decades. It is beneficial when closely integrated with other Microsoft products.

MongoDB: MongoDB was introduced in 2009 as the first Document Database to address the challenges of loading and retrieving data in RDBMS using object-oriented programming languages. It excels in handling semi-structured data where consistency is prioritized.

IBM DB2: IBM DB2 is a multi-model database that supports structured (SQL), semi-structured (JSON), and graph data. It is known for its OLAP functionality and availability on Windows, Linux, and Unix platforms.

Redis: Redis is a widely used open-source database that runs in memory. It serves as a distributed key-value database, message broker, and distributed cache, supporting various data structures.

Cassandra: Cassandra is a popular distributed database with an open core, vast column store, and Apache License 2.0. It is designed to handle large amounts of data and offers fault-tolerance through automatic replication. Cassandra Query Language (CQL) provides a user-friendly and SQL-like query interface.

Elasticsearch: Elasticsearch is an open-source distributed full-text search engine released in 2010. It supports structured and schema-less data (JSON) and is often used for analyzing logging and monitoring data. It can handle significant data volumes.

MariaDB: MariaDB is a Relational DBMS that works with the MySQL protocol and clients. It can replace MySQL without requiring any code changes and provides additional features like columnar storage and horizontal partitioning through its ColumnStore and Spider Engine. MariaDB is suited for OLAP applications.

Firebird: Firebird is a free SQL relational database management system supported by various platforms like Windows, Mac OS X, Linux, and Unix. It provides enhanced multi-platform RDBMS capabilities.

OrientDB: OrientDB is an open-source NoSQL multi-model database that supports graph, document, key-value, and object-oriented models. It emphasizes efficiency, security, and scalability.

DynamoDB: Amazon’s DynamoDB is a nonrelational, serverless key-value NoSQL database built for high-performance applications. It offers built-in security, in-memory caching, and consistent latency.

SQLite: SQLite is an open-source relational database management system integrated into applications. It is lightweight, requires no configuration or installation, and is widely used in mobile devices, laptops, and various other applications.

Neo4j: Neo4j is an open-source NoSQL graph database built with Java. It stores data as graphs instead of tables and provides the expressive Cypher query language for relationship queries.

These databases serve various purposes and cater to different application requirements. They play a fundamental role in enabling the efficient storage, retrieval, and processing of data for a wide range of software applications.

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“Non-Native Database Management Systems market size, share, 2023 research report” whcih is released by orbisresearch.com

The Non-Native Database Management Systems market report offers in-depth perceptions of the benefits, and profitability for consumers and a thorough analysis of the market. Businesses and individuals who want to understand the dynamics of the keyword market and make wise decisions can benefit greatly from it. Numerous topics are covered in the report, such as market size, growth factors, segmentation, competition, major players, and regional analysis.

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The Non-Native Database Management Systems Market’s Expansion: Factors to Consider 

Increasing Digitalization: Due to the rapid expansion of the digital economy, businesses are utilizing online platforms and digital marketing techniques more frequently.

Growing E-commerce Sector: To optimize product listings, improve search engine rankings, and increase customer acquisition, a significant demand for keywords has been generated by the booming e-commerce sector.

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Market Types:

Cloud Based
Web Based

Non-Native Database Management Systems Market Applications:

Large Enterprises
SMEs 

Analysis of Market Segmentation and Competition: Non-Native Database Management Systems 

These factors can be used to divide the keyword market into different categories: 

·        Types include Type 1, Type 2, Type 3, Type 4, Type 5, and Type 6.

·        Vertical industries include Vertical Industry 1, Vertical Industry 2, Vertical Industry 3, Vertical Industry 4, Vertical Industry 5, and Vertical Industry 6.

·        Applications include Applications 1, Applications 2, Applications 3, Applications 4, etc. 

Several factors influence keyword market competition, including: 

·        Technological innovation: Businesses that create sophisticated algorithms and tools for keyword research gain a competitive advantage.

·        Pricing Strategies: In a price-sensitive market, competitive pricing and adaptable subscription models draw customers.

·        Customer Support and Services: Organizations that offer thorough training, consulting, and customer support services stand out from the competition.

·        Collaborations and Partnerships: Companies can broaden their reach and improve their offerings by forming strategic partnerships with search engine providers, platforms for advertising, and content management systems.

Several factors are taken into consideration when compiling the list of major players in the Non-Native Database Management Systems report: 

·        Market Share: Businesses that have a sizable market share and a sizable presence in the keyword market are listed.

·        Product Portfolio: The study takes into account businesses that provide a variety of tools for keyword research and analysis, addressing various client requirements.

·        Innovation and technology: The development of cutting-edge solutions, technological advancements, and the selection of key players are all taken into consideration.

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·        Reputation and Customer Satisfaction: Businesses on the list are given preference if they have a good reputation, high customer satisfaction levels, and positive feedback.

     Key Players in the Non-Native Database Management Systems market:

Amazon Athena
Apache
DBeaver
dbForge Studio
DbVisualizer
Microsoft Azure
MongoDB Cloud Manager
Navicat Premium
QUEST (Toad Edge)
Robomongo
SQL Developer
SQLyog
TablePlus
Toad For Oracle

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ü  North America comprises the USA, Canada, and Mexico.

ü  The European region is made up of Germany, France, Italy, Spain, the United Kingdom, Russia, Ukraine, and the rest of Europe.

ü  The rest of Asia-Pacific, including China, Japan, South the Republic of Korea, Australia, and India.

ü  Saudi Arabia, the African nation of South Africa, and the rest of the Middle East and Africa, along with the United Arab Emirates.

ü  Argentina, Brazil, and the rest of South America.

The regional analysis includes production, demand, and forecast data for each nation, giving important information about the dynamics, trends, and opportunities of the regional market. Ultimately, the Non-Native Database Management Systems report provides a thorough analysis of the market, taking into account growth variables, segmentation, competition, key players, and geographic regions insights. For businesses and individuals looking to take full advantage of opportunities that exist in the keyword market, it provides helpful details. In order to accommodate particular research preferences and requirements, the report also provides customization options.

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

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Stock splits have regained popularity among investors in recent years, thanks to the availability of no-cost and low-cost stock trading. Investors can now buy stocks in any quantity, making lower-cost stocks more appealing for those with smaller monthly investing budgets. In 2022, several investor-favorite companies announced stock splits, indicating the importance of keeping shares affordable for the average investor.

Here are three companies that could potentially have stock splits in the future:

1. NVR: Despite challenges in the housing industry, NVR stock remains near an all-time high. The company benefits from historically high mortgage rates, which create a shortage of existing homes for sale and drive demand for new construction. NVR also minimizes its financial obligations and risk by using land purchase agreements to acquire finished lots. With solid financial results and a soaring stock price, a split may be on the horizon.

2. MongoDB: MongoDB specializes in cloud-native databases, offering robust functionality and AI tools. Even during economic downturns, the company has shown impressive growth, with expanding revenue and an increasing customer base. The stock has rebounded and experienced significant growth, making a split a possibility.

3. Microsoft: Microsoft is a tech giant known for its Windows operating system and enterprise software applications. The company has made notable investments in AI and offers its Azure platform for AI services. With consistent growth and increased demand for AI, Microsoft’s stock has performed well, making a split a potential consideration.

While stock splits don’t change the underlying value of a business, they make shares more accessible and affordable for investors. Companies recognize the importance of keeping shares at a reasonable price, especially considering the current resurgence on Wall Street. As these three companies continue to thrive, stock splits could be on the horizon.

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

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Dupont Capital Management Corp grew its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 322.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Dupont Capital Management Corp’s holdings in MongoDB were worth $49,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in MongoDB during the fourth quarter valued at approximately $30,000. Lindbrook Capital LLC increased its stake in MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in MongoDB in the fourth quarter worth $36,000. Finally, CI Investments Inc. boosted its position in shares of MongoDB by 126.8% during the fourth quarter. CI Investments Inc. now owns 186 shares of the company’s stock worth $37,000 after purchasing an additional 104 shares in the last quarter. 89.22% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. Robert W. Baird raised their price objective on MongoDB from $390.00 to $430.00 in a research note on Friday, June 23rd. Guggenheim lowered MongoDB from a “neutral” rating to a “sell” rating and raised their price target for the stock from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. JMP Securities boosted their price objective on MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Finally, 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $375.59.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 1,223,954 shares of the company’s stock, valued at $293,748,960. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’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 transaction of $480,000.00. Following the completion of the sale, the director now directly owns 1,223,954 shares in the company, valued at $293,748,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Mark Porter sold 2,673 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total value of $668,250.00. Following the completion of the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at approximately $10,084,000. The disclosure for this sale can be found here. In the last three months, insiders sold 118,427 shares of company stock worth $41,784,961. 4.80% of the stock is owned by company insiders.

MongoDB Price Performance

Shares of MDB opened at $409.78 on Friday. The company has a market cap of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. 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 company’s fifty day simple moving average is $362.53 and its 200 day simple moving average is $267.21. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) 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 company had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same period in the prior year, the firm earned ($1.15) EPS. MongoDB’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, research analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current fiscal year.

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.

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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 – Get Free Report) Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now directly owns 1,213,159 shares of the company’s stock, valued at $509,526,780. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MongoDB Stock Performance

MongoDB stock opened at $409.78 on Friday. 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 stock has a fifty day moving average of $362.53 and a two-hundred day moving average of $267.21. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million during 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 business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.15) earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -2.8 EPS for the current fiscal year.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. 1832 Asset Management L.P. grew its position in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in MongoDB by 13.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after acquiring an additional 897,911 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after acquiring an additional 763,400 shares during the last quarter. Norges Bank acquired a new position in MongoDB in the fourth quarter valued at $147,735,000. Finally, Champlain Investment Partners LLC acquired a new position in MongoDB in the first quarter valued at $89,157,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MDB shares. Mizuho upped their price objective on MongoDB from $220.00 to $240.00 in a research note on Friday, June 23rd. KeyCorp increased their target price on MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird increased their target price on MongoDB from $390.00 to $430.00 in a research note on Friday, June 23rd. Sanford C. Bernstein increased their target price on MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Finally, William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $375.59.

MongoDB Company Profile

(Get 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

MongoDB (NASDAQ:MDB – Get Free Report) had its target price hoisted by KeyCorp from $372.00 to $462.00 in a research report issued on Friday, FlyOnTheWall reports. KeyCorp’s price objective would suggest a potential upside of 11.96% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Oppenheimer raised their target price on shares of MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. 58.com reiterated a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. The Goldman Sachs Group increased their price target on shares of MongoDB from $420.00 to $440.00 in a research report on Friday, June 23rd. Sanford C. Bernstein increased their price target on shares of MongoDB from $257.00 to $424.00 in a research report on Monday, June 5th. Finally, Guggenheim lowered shares of MongoDB from a “neutral” rating to a “sell” rating and increased their price target for the stock from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $375.59.

MongoDB Stock Performance

NASDAQ:MDB opened at $412.64 on Friday. MongoDB has a twelve month low of $135.15 and a twelve month high of $439.00. 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 company has a 50-day moving average of $359.61 and a 200-day moving average of $265.73. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of -88.36 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last posted 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 net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same quarter last year, the firm posted ($1.15) EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were 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 $15,114,689.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other MongoDB news, CRO Cedric Pech sold 360 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 transaction of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 20,000 shares of MongoDB stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $287.32, for a total transaction of $5,746,400.00. Following the sale, the chief executive officer now owns 262,311 shares in the company, valued at approximately $75,367,196.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,427 shares of company stock worth $41,784,961. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

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

MongoDB Company Profile

(Get 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

MongoDB (MDB) closed at $409.78 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500’s daily gain of 0.03%. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq lost 1.37%.

Heading into today, shares of the database platform had gained 6.25% over the past month, outpacing the Computer and Technology sector’s gain of 1.16% and the S&P 500’s gain of 3.43% in that time.

MongoDB will be looking to display strength as it nears its next earnings release. On that day, MongoDB is projected to report earnings of $0.45 per share, which would represent year-over-year growth of 295.65%. Our most recent consensus estimate is calling for quarterly revenue of $389.93 million, up 28.41% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.51 per share and revenue of $1.54 billion, which would represent changes of +86.42% and +19.78%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for MongoDB. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.58% higher. MongoDB is holding a Zacks Rank of #2 (Buy) right now.

Investors should also note MongoDB’s current valuation metrics, including its Forward P/E ratio of 273.5. This represents a premium compared to its industry’s average Forward P/E of 43.5.

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 77, putting it in the top 31% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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MongoDB, Inc. (MDB) : Free Stock Analysis Report

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