Month: August 2023

Posted on mongodb google news. Visit mongodb google news

On August 31, 2023, Vinva Investment Management Ltd announced its acquisition of a new stake in MongoDB, Inc. The institutional investor purchased 2,011 shares of the company’s stock, with an estimated value of $440,000. This disclosure was made in the first quarter and was reported to the Securities and Exchange Commission.

In other news related to MongoDB, Inc., their CTO Mark Porter recently sold 2,669 shares of the firm’s stock on June 2nd. The average price for each share was $381.12, resulting in a total value of $1,017,209.28. Following this transaction, Porter now possesses 37,667 shares in the company which are valued at $14,355,647.04. These details were disclosed in a document filed with the Securities & Exchange Commission and can be accessed through their official website.

Additionally, Director Dwight A. Merriman conducted a stock sale on August 4th where he sold 6,000 shares at an average price of $415.06. Subsequently, the director now directly holds 1,207,159 shares worth approximately $501,043,414.54 in the company.

It is worth noting that over the past quarter there have been significant insider sales of MongoDB’s stock totaling 79,220 shares with a combined value of $32,161,151. Company insiders currently hold approximately 4.80% of the overall outstanding stock.

These recent developments within MongoDB provide insights into changes within both its ownership structure and executive positions as certain individuals sell off their holdings within the company for various reasons.

The information disclosed by Vinva Investment Management Ltd showcases its confidence in MongoDB’s potential and aligns with its investment strategy moving forward.
Overall,
these updates indicate noteworthy movements within the market and may influence investors’ perspectives on MongoDB as they make decisions regarding this particular entity’s trajectory.
Indeed these developments are essential to be monitored by those interested in the performance and future prospects of MongoDB, Inc.

Major Institutional Investors Make Significant Moves with MongoDB (MDB) Stock in Q4 2023

August 31, 2023 – In a recent move, several institutional investors and hedge funds have made significant changes to their holdings of MongoDB (MDB) stock. Notably, 1832 Asset Management L.P. has increased its stake in MongoDB by an astounded 3,283,771.0% during the fourth quarter. This increase led to the acquisition of an additional 1,017,969 shares amounting to a total of 1,018,000 shares worth $200,383,000. Renaissance Technologies LLC also saw a substantial increase in their stake in MongoDB by 493.2%, acquiring an additional 763,400 shares worth $180,738,000. Meanwhile, Norges Bank entered the scene during the fourth quarter with a new stake in MongoDB estimated at $147,735,000.

William Blair Investment Management LLC raised its stake in MongoDB by an impressive 2,354.2% during the fourth quarter as well. With the purchase of an additional 371,582 shares valued at $76,249,000, they now own a total of 387,366 shares. Additionally boosting their position in MongoDB is First Trust Advisors LP with a hike of 72.9% during the same period. Owning an extra 258

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

Posted on mongodb google news. Visit mongodb google news

When Mongo DB surged post earnings, I eagerly saw the earnings report to see something outstanding just like NVDA earnings, because I sold Mongo db from $250 to $400 multiple levels and I am waiting for an entry pointResults are normal nothing exciting, just like any other software earnings. I thought AI tools used mongo db more and earnings are high, but these are below par earnings for a company with this valuation in this market, now I am sure this will come back to $290 or less, where I buy this

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

Posted on mongodb google news. Visit mongodb google news

NEW YORK (AP) — NEW YORK (AP) — MongoDB Inc. (MDB) on Thursday reported a loss of $37.6 million in its fiscal second quarter.

The New York-based company said it had a loss of 53 cents per share. Earnings, adjusted for one-time gains and costs, came to 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The database platform posted revenue of $423.8 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $389.9 million.

For the current quarter ending in October, MongoDB expects its per-share earnings to range from 47 cents to 50 cents.

The company said it expects revenue in the range of $400 million to $404 million for the fiscal third quarter.

MongoDB expects full-year earnings in the range of $2.27 to $2.35 per share, with revenue ranging from $1.6 billion to $1.61 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MDB at https://www.zacks.com/ap/MDB

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

Posted on mongodb google news. Visit mongodb google news

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

Posted on mongodb google news. Visit mongodb google news

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

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. MDB shares are trading higher after the company reported better-than-expected second-quarter financial results and issued third-quarter and full-year 2024 earnings per share and sales guidance above estimates.

What To Know: MongoDB reported quarterly earnings of 93 cents per share which beat the analyst consensus estimate of 46 cents, a 504.35% increase over losses of 23 cents per share from the same period last year.

The company reported quarterly sales of $423.80 million which beat the analyst consensus estimate of $393.35 million, a 39.56% increase over sales of $303.66 million in the same period last year.

As of July 31, MongoDB had $1.9 billion in cash, cash equivalents, short-term investments and restricted cash.

The company issued third-quarter earnings per share guidance in a range between 47 cents and 50 cents, versus the estimate of 27 cents. Revenue is anticipated to be between $400 million and $404 million, versus the $389.12 million estimate.

Full-year 2024 earnings per share are estimated between $2.27 and $2.35, versus the $1.55 estimate. Revenue is anticipated to be between $1.596 billion and $1.608 billion, versus tbe $1.55 billion estimate.

“MongoDB delivered excellent results in the second quarter, highlighted by 40% revenue growth, continued strength in new workload acquisition and record operating margin. The ongoing success of our new business efforts for Atlas and Enterprise Advanced across our sales channels is a testament to the value of MongoDB’s run-anywhere strategy which enables customers of any size to innovate faster and more efficiently,” said Dev Ittycheria, president and CEO of MongoDB.

“We are at the early stages of AI powering the next wave of application development,” he continued.

“We believe MongoDB provides developers a unified platform that supports both the foundational requirements necessary for any application and the exceptionally demanding needs of AI-specific applications, making our competitive advantage even stronger in the world of AI.”

Related Link: Why Dell Stock Is Trading Higher After Hours

MDB Price Action: Shares of MDB were up 5.95% at $404 in after-hours trading Thursday, according to Benzinga Pro.

Photo: James Osborne from Pixabay

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

Posted on mongodb google news. Visit mongodb google news

Eos Energy Enterprises Inc (NASDAQ:EOSE) 55% HIGHER; announced Project AMAZE – American Made Zinc Energy, a $500 million planned expansion and a significant milestone to build 8 GWh of clean energy storage production capacity.

Nutanix (NASDAQ:NTNX) 14% HIGHER; reported Q4 EPS of $0.24, $0.08 better than the analyst estimate of $0.16. Revenue for the quarter came in at $494.2M versus the consensus estimate of $475.24M. Nutanix sees Q1 2024 revenue of $495-505M, versus the consensus of $487.22M. Nutanix sees FY2024 revenue of $2.085-2.115 billion, versus the consensus of $2.08B.

Dell Technologies (NYSE:DELL) 8% HIGHER; reported Q2 EPS of $1.74, $0.60 better than the analyst estimate of $1.14. Revenue for the quarter came in at $22.9B versus the consensus estimate of $20.86B.

MongoDB (NASDAQ:MDB) 5% HIGHER; reported Q2 EPS of $0.93, $0.47 better than the analyst estimate of $0.46. Revenue for the quarter came in at $423.8M versus the consensus estimate of $393.68M. MongoDB sees Q3 2024 EPS of $0.47-$0.50, versus the consensus of $0.27. MongoDB sees Q3 2024 revenue of $400-404M, versus the consensus of $389.12M. MongoDB sees FY2024 EPS of $2.27-$2.35, versus the consensus of $1.55. MongoDB sees FY2024 revenue of $1.596-1.608B, versus the consensus of $1.55B.

Hashicorp Inc (NASDAQ:HCP) 4% LOWER; reported Q2 EPS of ($0.10), $0.05 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $143.2M versus the consensus estimate of $138.22M. HashiCorp sees Q3 2024 EPS of ($0.05)-($0.03), versus the consensus of ($0.04). HashiCorp sees Q3 2024 revenue of $142-144M, versus the consensus of $141.74M. HashiCorp sees FY2024 EPS of ($0.23)-($0.21), versus the consensus of ($0.26). HashiCorp sees FY2024 revenue of $571-575M, versus the consensus of $567.59M.

Broadcom (NASDAQ:AVGO) 3% LOWER; reported Q3 EPS of $10.54, $0.11 better than the analyst estimate of $10.43. Revenue for the quarter came in at $8.88B versus the consensus estimate of $8.85B. Broadcom sees Q4 2023 revenue of $9.27B, versus the consensus of $9.28B. Fourth quarter Adjusted EBITDA guidance of approximately 65 percent of projected revenue.

Restaurant Brands International Inc. (NYSE:QSR) 1% HIGHER; announced today that its Board of Directors has approved a share repurchase authorization pursuant to which RBI may purchase up to $1.0B of its common shares over the next 2 years through September 30, 2025. This approval follows the expiration of RBI’s prior 2 year authorization to repurchase up to the same $1B amount of its common shares.

lululemon athletica (NASDAQ:LULU) 1% HIGHER; reported Q2 EPS of $2.68, $0.15 better than the analyst estimate of $2.53. Revenue for the quarter came in at $2.2B versus the consensus estimate of $2.17B. lululemon athletica sees Q3 2024 EPS of $2.23-$2.28, versus the consensus of $2.23. lululemon athletica sees Q3 2024 revenue of $2.165-2.19B, versus the consensus of $2.15B. lululemon athletica sees FY2024 EPS of $12.02-$12.17, versus the consensus of $11.93. lululemon athletica sees FY2024 revenue of $9.51-9.57B, versus the consensus of $9.51B.

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

Posted on mongodb google news. Visit mongodb google news

Stock market futures showed little change after hours, with Dow Jones futures, S&P 500 futures, and Nasdaq futures remaining relatively flat. As investors awaited the release of the August jobs report, several major companies, including Broadcom and MongoDB, reported their earnings. Meanwhile, Tesla is set to launch its long-awaited Model 3 upgrade in China.

Broadcom, MongoDB, Nutanix, Lululemon Athletica, Samsara, and Dell Technologies all reported after the market closed. MDB stock, Nutanix, and Dell were among the winners, while LULU stock rose and Samsara and AVGO stock fell.

Tesla is expected to release its upgraded Model 3, known as the “Highland” Model 3, in China. This comes as rival Chinese electric vehicle companies Li Auto, Nio, and XPeng are set to announce their August deliveries. Additionally, Amazon and Li Auto are among the top stocks to watch.

The upcoming jobs report is also a key focus for investors. Economists predict that nonfarm payrolls will rise by 170,000, with the jobless rate holding steady at 3.5%. The August ISM manufacturing index is also expected to be released later in the morning, providing further insights into the state of the economy.

In terms of earnings, AVGO stock fell slightly after Broadcom reported earnings and sales that slightly beat expectations. MDB stock rose after MongoDB reported strong earnings and provided solid guidance. NTNX stock surged after Nutanix beat expectations and announced a buyback. LULU stock also climbed after Lululemon’s earnings surpassed expectations.

The stock market overall had a mixed session, with the Dow Jones Industrial Average and the S&P 500 index both dipping slightly, while the Nasdaq composite eked out a modest gain. However, various sectors, including growth stocks, energy, and housing, continued to show strength.

As the stock market rally continues, investors will be closely watching the jobs report and other economic data for signs of further growth and to gauge the impact on Treasury yields.

Sources: [Source 1], [Source 2], [Source 3]

Defintions:
– Dow Jones futures: Futures contracts based on the Dow Jones Industrial Average index, which allows investors to speculate on the future price movement of the index.
– S&P 500 futures: Futures contracts based on the S&P 500 index, which allows investors to speculate on the future price movement of the index.
– Nasdaq futures: Futures contracts based on the Nasdaq Composite index, which allows investors to speculate on the future price movement of the index.
– Earnings report: A report published by a company that provides information on its financial performance during a specific period, including revenue, expenses, and net income.
– Model 3: A compact electric vehicle produced by Tesla.
– Chinese media reports: Reports from media outlets in China.
– EV: Abbreviation for electric vehicle.
– Buy point: A specific price level at which an investor decides to purchase a stock, based on technical analysis.
– SwingTrader: A trading platform or strategy that focuses on short-term price movements within a larger trend.
– IBD 50: The Investor’s Business Daily (IBD) 50, a list of top-performing growth stocks as published by Investor’s Business Daily.
– IBD Big Cap 20: A list of large-cap stocks as published by Investor’s Business Daily.
– Stock Of The Day: A stock highlighted by Investor’s Business Daily as having potential for significant price movement.
– Stock market rally: A period of sustained increases in stock prices.
– PCE inflation report: A report published by the Bureau of Economic Analysis that measures changes in prices of consumer goods and services.
– Fed-friendly economic figures: Economic data that suggests the Federal Reserve may be inclined to take actions that support economic growth.
– Nonfarm payrolls: The total number of workers in the economy excluding farm workers.
– Jobless rate: The percentage of the labor force that is unemployed and actively seeking employment.
– Average hourly earnings: The average wages earned per hour by workers in a given period.
– ISM manufacturing index: An index based on surveys of purchasing managers that provides insights into the performance of the manufacturing sector.
– Fair value: The theoretical price of a futures contract based on the current spot price of the underlying asset and any dividends or interest rates expected during the contract’s lifespan.
– ETFs: Exchange-traded funds, which are investment funds that trade on stock exchanges like individual stocks.
– Growth ETFs: ETFs that focus on investing in growth stocks, which are stocks of companies that are expected to grow at an above-average rate compared to the overall market.
– Story stocks: Stocks that are popular among investors due to a compelling narrative or growth potential.
– Treasury yields: The amount of return an investor earns on a U.S. government bond.
– Speculative: Involving a high degree of risk with the possibility of substantial gains or losses.
– Copper futures: Futures contracts based on the price of copper.
– Innovator IBD 50 ETF: An ETF that tracks the performance of the IBD 50 list, which consists of top-performing growth stocks.
– iShares Expanded Tech-Software Sector ETF: An ETF that tracks the performance of the software sector within the technology industry.
– VanEck Vectors Semiconductor ETF: An ETF that tracks the performance of semiconductor companies.
– SPDR S&P Metals & Mining ETF: An ETF that tracks the performance of companies in the metals and mining industry.
– U.S. Global Jets ETF: An ETF that tracks the performance of companies in the airline industry.
– SPDR S&P Homebuilders ETF: An ETF that tracks the performance of companies in the homebuilding industry.
– Energy Select SPDR ETF: An ETF that tracks the performance of companies in the energy sector.
– Health Care Select Sector SPDR Fund: An ETF that tracks the performance of companies in the health care sector.
– Industrial Select Sector SPDR Fund: An ETF that tracks the performance of companies in the industrial sector.
– Financial Select SPDR ETF: An ETF that tracks the performance of companies in the financial sector.
– SPDR S&P Regional Banking ETF: An ETF that tracks the performance of regional banks.
– Chinese stocks: Stocks of companies based in China or with significant operations in China.

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

Posted on mongodb google news. Visit mongodb google news

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

Posted on mongodb google news. Visit mongodb google news

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