Month: November 2023

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Geode Capital Management LLC boosted its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,665 shares of the company’s stock after purchasing an additional 33,376 shares during the period. Geode Capital Management LLC owned about 1.42% of MongoDB worth $410,567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC acquired a new position in MongoDB in the 2nd quarter valued at approximately $26,000. Capital Advisors Ltd. LLC increased its position in MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares during the period. Bessemer Group Inc. acquired a new position in MongoDB in the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC increased 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 period. Finally, Manchester Capital Management LLC acquired a new position in MongoDB in the 1st quarter valued at approximately $36,000. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 price objective for the company. Guggenheim increased their price objective on shares of MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a research report on Friday, September 1st. Citigroup increased their price objective on shares of MongoDB from $430.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Argus increased their price objective on shares of MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Barclays increased their price objective on shares of MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $419.74.

Get Our Latest Analysis on MDB

MongoDB Stock Up 0.6 %

MDB opened at $407.70 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48. The company’s 50-day moving average is $357.65 and its 200 day moving average is $363.74. MongoDB, Inc. has a fifty-two week low of $137.70 and a fifty-two week high of $439.00. The firm has a market capitalization of $29.09 billion, a P/E ratio of -117.83 and a beta of 1.16.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.07. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. The company had revenue of $423.79 million for the quarter, compared to analyst estimates of $389.93 million. Research analysts expect that MongoDB, Inc. will post -2.17 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, CFO Michael Lawrence Gordon sold 10,097 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $410.03, for a total transaction of $4,140,072.91. Following the completion of the sale, the chief financial officer now owns 89,027 shares in the company, valued at $36,503,740.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Dev Ittycheria sold 134,000 shares of the firm’s stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the completion of the sale, the chief executive officer now owns 218,085 shares in the company, valued at $71,357,412. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 10,097 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $410.03, for a total transaction of $4,140,072.91. Following the sale, the chief financial officer now owns 89,027 shares of the company’s stock, valued at approximately $36,503,740.81. The disclosure for this sale can be found here. Insiders have sold 321,077 shares of company stock valued at $114,507,479 over the last ninety days. Corporate insiders own 4.80% 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.

Read More

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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To improve defense against open firewalls, reverse proxies, and SSRF vulnerabilities, AWS has recently announced that new Amazon EC2 instance types will support only version 2 of the EC2 Instance Metadata Service (IMDSv2). For transition support, customers will still be able to enable IMDSv1.

IMDS provides access to temporary, frequently rotated credentials, removing the need to hardcode or distribute sensitive credentials to instances. Introduced in 2019, IMDSv2 requires a two-step process but provides additional layers of protection for different vulnerabilities: misconfigured website application firewalls, misconfigured reverse proxies, unpatched SSRF vulnerabilities, and misconfigured layer-3 firewalls and network address translation.

Abusing the AWS metadata service using SSRF vulnerabilities has been a known issue for many years and Jeff Barr, vice president and chief evangelist at AWS, explains the need for the change in default from mid-2024:

The v1 service uses a request/response access method and the v2 service uses a session-oriented method (…) Many applications and instances are already using and benefiting from IMDSv2, but the full range of benefits becomes available only when IMDSv1 is disabled at the AWS account level.

IMDSv2 requires the creation of a secret token using an HTTP PUT request, which must be used to query the metadata:

TOKEN=`curl -X PUT "http://169.254.169.254/latest/api/token" -H "X-aws-ec2-metadata-token-ttl-seconds: 21600"`
curl http://169.254.169.254/latest/meta-data/profile -H "X-aws-ec2-metadata-token: $TOKEN"

Source: AWS Blog

Saju Sivaji, senior technical program manager at AWS Security, and Josh Levinson, principal product manager at AWS, recently explained how to get the full benefits of IMDSv2 and disable IMDSv1:

You won’t be able to get the full benefits of IMDSv2 until you disable IMDSv1. While IMDS is provided by the instance itself, the calls to IMDS are from your software. This means your software must support IMDSv2 before you can disable IMDSv1.

In February 2024, AWS plans to introduce a new API function that will allow customers to control the use of IMDSv1 as the default at the account level. Barr adds:

You can already control IMDSv1 usage in an IAM policy (taking away and limiting existing permission), or as an SCP that is applied globally across an account, an organizational unit (OU), or an entire organization.

The new default and the timeline have been well-received by the community, with user HolaGuacamola commenting on Reddit:

Finally. We had to do a bunch of work to turn V1 off on all our instances for compliance.

IMDS is a common approach among cloud providers, with Microsoft recently documenting SQL techniques that attackers attempted to move laterally to a cloud environment.

AWS provides different tools to ease the transition to IMDSv2: the IMDS Packet Analyzer, an open-sourced tool that identifies and logs IMDSv1 calls from the instance’s boot phase, the MetadataNoToken, a CloudWatch metric that tracks the number of calls using IMDSv1, and specific IAM policies and SCPs to make sure an instance can be launched only if configured to use IMDSv2.

All console “Quick Start” launches and Amazon Linux 2023 already uses IMDSv2 by default.

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O Neil Global Advisors Inc. acquired a new stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 67,492 shares of the company’s stock, valued at approximately $27,739,000. MongoDB makes up about 5.9% of O Neil Global Advisors Inc.’s holdings, making the stock its 5th largest holding. O Neil Global Advisors Inc. owned about 0.10% of MongoDB as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Atika Capital Management LLC lifted its stake in shares of MongoDB by 5.3% in the 2nd quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock valued at $12,946,000 after acquiring an additional 1,575 shares during the last quarter. Raymond James & Associates grew its holdings in shares of MongoDB by 227.2% in the second quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock worth $16,177,000 after purchasing an additional 27,331 shares during the last quarter. Empower Advisory Group LLC bought a new stake in MongoDB during the 1st quarter valued at $7,302,000. Daiwa Securities Group Inc. grew its holdings in MongoDB by 3.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 5,461 shares of the company’s stock worth $1,273,000 after acquiring an additional 186 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of MongoDB during the second quarter valued at about $1,323,000. Institutional investors own 88.89% of the company’s stock.

Insider Activity at MongoDB

In other MongoDB news, CFO Michael Lawrence Gordon sold 21,496 shares of MongoDB stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $410.32, for a total value of $8,820,238.72. Following the sale, the chief financial officer now owns 89,027 shares of the company’s stock, valued at approximately $36,529,558.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, CFO Michael Lawrence Gordon sold 21,496 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the transaction, the chief financial officer now owns 89,027 shares in the company, valued at $36,529,558.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Thomas Bull sold 518 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $342.41, for a total transaction of $177,368.38. Following the transaction, the chief accounting officer now owns 16,672 shares in the company, valued at $5,708,659.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 321,077 shares of company stock valued at $114,507,479. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Up 0.8 %

Shares of MDB stock traded up $3.18 on Friday, hitting $408.25. 191,440 shares of the stock traded hands, compared to its average volume of 1,557,728. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29. The firm has a 50 day simple moving average of $356.74 and a two-hundred day simple moving average of $361.84. MongoDB, Inc. has a 52 week low of $137.70 and a 52 week high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.07. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. The firm had revenue of $423.79 million during the quarter, compared to analysts’ expectations of $389.93 million. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on MDB. Oppenheimer upped their price target on MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Mizuho boosted their price objective on shares of MongoDB from $240.00 to $260.00 in a research report on Friday, September 1st. Guggenheim upped their price objective on shares of MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a report on Friday, September 1st. Truist Financial reaffirmed a “buy” rating and set a $430.00 target price on shares of MongoDB in a research note on Monday, November 13th. Finally, Needham & Company LLC boosted their price target on shares of MongoDB from $430.00 to $445.00 and gave the company a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $419.74.

Read Our Latest Report on MDB

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

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DoltgreSQL builds on top of the version-controlled database Dolt to provide Git-like log, diff, branch, and merge functionality for your Postgres database schema and data.

Dolt was born as an SQL database you can clone, fork, branch, and merge just like a Git repository. Using Dolt, application developers can build branch- and merge-workflows for their customers, for example sending pull requests to fix mistakes in the data. Similarly, Dolt enables a simple model to change a production database by branching it, applying the changes, then testing it in your staging setup, and eventually deploying back to production.

Since its beginnings, Dolt adopted MySQL’s syntax and a command line-oriented paradigm that is surely familiar to Git users.

DoltgreSQL focuses instead on the database server experience, providing a customizable, easy-to-deploy server. Furthermore, it does not provide command-line support to better align with the general PostgreSQL audience, says the company.

DoltgreSQL works by emulating a PostgreSQL server, and converting received commands into an AST that is given to an underlying Dolt server. This enabled us to get something up and running quickly, while leveraging the capabilities and functionality that Dolt already provides.

This approach has the advantage of building these new features on top of Dolt’s foundation, leveraging the latter’s stability and reliability and reducing development scope and effort.

DoltHub says they investigated distinct approaches, including writing a foreign data wrapper, building a new PostgreSQL storage backend, and even forking PostgreSQL itself. Some of those approaches turned out to be too limited, while others, such as forking PostgreSQL, would have required years of development.

On the negative side, one shortcoming of the emulation-based approach is that you are not running the actual PostgreSQL binary. Instead, as mentioned, DoltgreSQL converts PostgreSQL syntax into its AST representation and runs it within the Dolt layer.

Once you have DoltgreSQL installed, you can connect to it using the psql command line client. To see the status of the database, you can run the query:

`select * from dolt_status;“

This will list all existing tables and specify whether they are new, staged, and so on. To add a table to the staging area, you run

call dolt_add('my_table_name');

and to commit changes,

call dolt_commit('-m', 'updated schema');.

The equivalent to git log is select * from dolt_log;.

Doltgres is still experimental and has several limitations, including lack of support on DoltHub and DoltLab, no authentication or user management, limited support for SSL connections, no support for replication, clustering, etc., and more.

While Dolt’s “Git for data” value proposition may sound compelling, database expert J. Andrew Rogers observed on Hacker News this goal is not so unlike what multi-version concurrency control (MVCC) have attempted for decades with several major drawbacks. Dolt CEO Tim Sehn highlighted running Dolt against native MySQL shows it is only marginally slower for the sysbench benchmark.

Article originally posted on InfoQ. Visit InfoQ

Microsoft has released the first preview of Visual Studio version 17.9. Preview 1 brings a range of improvements and features aimed at enhancing developer productivity. Including some AI features like GitHub Copilot, IntelliSense support for Unreal Engine projects, memory management and debugging improvements and this preview version is packed with refreshed UI.

Regarding the productivity features in this preview version developers can use the generated git commit message feature. It uses In the analysis of file modifications within a commit, Copilot examines the changes, provides a summary, and proceeds to articulate each alteration. Developers are subsequently given the option to either Insert AI Suggestion or Discard. To test this out, the developer will need an active GitHub Copilot subscription and the preview GitHub Copilot Chat Extension.

Memory leaks can be dangerous, this version Manage Memory Insights tab provides additional information. These features will now help developers to detect Event Handler Leaks. This happens when the event publisher outlives the event subscriber, the subscriber remains in memory without additional references.

Other productivity features in this release are related to Debug Visualizers which are now non-modal, for easier interaction with the editor. Also, the Instrumentation tool introduces a start-pause option for profiling applications. This allows users to initiate the application under the profiler’s control without immediately gathering data.

The #include References Diagnostics, this feature enables users to visualize the frequency of each #include directive in their code. Specific references can be viewed by clicking on the reference count displayed atop the directive. Regarding the tabs developers can easily toggle between single and multiple tab rows in Visual Studio’s document well by scrolling the mouse wheel up or down.

C++ Game Devs can enjoy new features like Improved Blueprint Experience in Visual Studio. As reported developers can now view Blueprint references and Asset Properties without installing the Visual Studio Integration Tool plugin.

In Preview 1, Unreal Engine IntelliSense in Visual Studio is now more consistent and accurate. Refreshing for UHT-generated files has been optimized, reducing unnecessary error displays and furthermore, developers can also now specify a custom CMake executable.

In the recent .NET 8 update, the Debugger now optimizes release and external code automatically during debugging, enhancing the debugging process. HTML snippets in Razor (.razor) files promote quicker coding with common patterns. Multi-targeting framework (TFM) support for Razor files allows targeted code inclusion.

Additionally, Blazor projects in .NET 8 now feature scaffolding support for views, including CRUD operations using Entity Framework, and simplifying development with a right-click option in the Solution Explorer.

In the end, the notable update with this preview is the UI Refresh of Visual Studio IDE. Developers can activate the UI Refresh, by going into Tools > Manage Preview Features in the main menu of Visual Studio. Locate and check the Experimental control styles option. After enabling this feature, the restart of Visual Studio will apply the UI Refresh.

As reported, it is highlighted that the fundamental aspects of the new user experience remain consistent. The primary objectives centre on the Fluent design language, emphasizing cohesiveness, accessibility, and productivity as the core pillars of the refresh.

Dante Gagne, Senior Product Manager, Visual Studio, stated the following:

In this version of the UI Refresh, you’ll get to experience a balance of the feedback we received with the accessibility requirements around things like clickable target space and reduction of visual clutter. This means a more inclusive experience to help everyone be more productive and comfortable while still maximizing code space and respecting the feedback you’ve shared with us.

Microsoft and the development team encourage users to provide feedback and share suggestions for new features and improvements, emphasizing their commitment to constantly enhancing the Visual Studio experience.

Lastly, developers interested in learning more about this and other releases of Visual Studio can visit very detailed release notes about other updates, changes, and new features around the Visual Studio 2022 IDE.

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Explore the top 10 graph databases for 2023, uncovering the best solutions in this dynamic field

Solutions Review’s annual compilation of the best Graph Databases reflects the current market landscape, assessing products based on the Authority Score, a meta-analysis of real user sentiments from trusted review sites. This curated list aids buyers in navigating the complex process of choosing the right Graph Database for their organizational needs, considering factors beyond technical capabilities. Here’s an in-depth exploration of some of the top 10 Graph Databases featured in the list:

1. Amazon Neptune

Description:

Amazon Neptune, a fully managed graph database service, empowers users to build and run applications handling highly connected datasets. It boasts a purpose-built, high-performance graph database engine optimized for storing vast relationships and executing rapid graph queries. Supporting graph models like Property Graph and W3C’s RDF, Neptune is recommended for use cases such as fraud detection and network security.

2. AnzoGraphDB by Cambridge Semantics

Description:

AnzoGraphDB by Cambridge Semantics is a massively parallel processing graph database designed to accelerate data integration analytics. Offering over 40 functions for regular line-of-business analytics, along with graph and data science algorithms, it facilitates in-graph feature engineering and transformations.

3. DataStax Enterprise

Description:

DataStax Enterprise, built on Apache Cassandra, provides a distributed hybrid cloud database. Simplifying the exploitation of hybrid and multi-cloud environments eliminates complexities associated with deploying applications across various data centers or public clouds.

4. Dgraph by Dgraph Labs

Description:

Dgraph is a graph database solution offering a single schema approach to development. Users can create a schema, deploy it, and access fast database and API functionalities without code. Dgraph supports GraphQL or DQL, making it accessible to users with no prior graph database experience. With features like simple data import, data streaming, and Dgraph Lambda, it simplifies business logic implementation.

5. IBM Graph

Description:

IBM Graph is an enterprise-grade property graph as a Service built on open-source database technologies. Enabling the storage, querying, and visualization of data points, connections, and properties, ensures an always-on service. Designed for scalability, organizations can start small and scale on demand as data complexity increases.

6. MarkLogic Server by MarkLogic

Description:

MarkLogic Server focuses on unifying silos of data, making it ideal for applications involving heterogeneous large-scale data integration or content delivery. With a flexible data model adapting to changing data, it natively stores JSON, XML, text, and geospatial data. MarkLogic’s Universal Index allows searching across all data, while APIs support application development and deployment.

7. Azure Cosmos DB by Microsoft

Description:

Azure Cosmos DB, a fully managed NoSQL database service, is tailored for modern application development. Backed by SLAs, automatic scalability, and open-source APIs for MongoDB and Cassandra, it accommodates spiky workloads and offers serverless alternatives to provisioned throughput.

8. Neo4j Database

Description:

Neo4j offers a graph database that enables organizations to decipher data relationships among people, processes, and systems. Natively storing interconnected data simplifies the understanding of complex relationships. The property graph model facilitates the evolution of machine learning and AI models, supporting high-performance graph queries on large datasets.

9. Oracle Spatial and Graph by Oracle

Description:

Oracle Spatial and Graph, part of the converged database offering, is available within the Oracle Autonomous Database. This solution automates graph data management, simplifying modeling, analysis, and visualization across the data lifecycle. With support for both property and RDF knowledge graphs, it allows interactive graph queries directly on graph data or in a high-performance memory graph.

10. OrientDB Enterprise

Description:

OrientDB Enterprise is a NoSQL database management system written in Java, offering multi-model support for graph, document, key/value, and object models. Managing relationships like graph databases supports direct connections between records.

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Korea Investment CORP lessened its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 30.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 47,282 shares of the company’s stock after selling 20,221 shares during the period. Korea Investment CORP owned approximately 0.07% of MongoDB worth $19,432,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its stake in MongoDB by 101,056.3% during the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after purchasing an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of MongoDB by 3,283,771.0% during 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 buying an additional 1,017,969 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after acquiring an additional 897,911 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB in the 4th quarter worth about $147,735,000. Finally, Champlain Investment Partners LLC acquired a new position in MongoDB during the 1st quarter valued at about $89,157,000. Institutional investors own 88.89% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, CFO Michael Lawrence Gordon sold 21,496 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the completion of the transaction, the chief financial officer now owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 21,496 shares of MongoDB stock in a transaction on Monday, November 20th. The stock was sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the completion of the sale, the chief financial officer now owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $389.50, for a total value of $2,337,000.00. Following the transaction, the director now owns 1,201,159 shares of the company’s stock, valued at $467,851,430.50. The disclosure for this sale can be found here. Insiders sold 321,077 shares of company stock valued at $114,507,479 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

MongoDB Stock Up 0.6 %

MDB opened at $407.70 on Friday. The company has a 50 day moving average of $357.65 and a 200 day moving average of $362.96. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a 12 month low of $137.70 and a 12 month high of $439.00. The company has a market cap of $29.09 billion, a PE ratio of -117.83 and a beta of 1.16.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. The firm had revenue of $423.79 million during the quarter, compared to analyst estimates of $389.93 million. On average, sell-side analysts expect that MongoDB, Inc. will post -2.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MDB shares. Wells Fargo & Company started coverage on MongoDB in a report on Thursday, November 16th. They issued an “overweight” rating and a $500.00 target price on the stock. Morgan Stanley increased their target price on shares of MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Tigress Financial boosted their price target on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Scotiabank began coverage on shares of MongoDB in a research note on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price objective for the company. Finally, Macquarie boosted their target price on MongoDB from $434.00 to $456.00 in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $419.74.

Get Our Latest Report on MongoDB

MongoDB 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

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

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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) CFO Michael Lawrence Gordon sold 21,496 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $410.32, for a total value of $8,820,238.72. Following the sale, the chief financial officer now owns 89,027 shares in the company, valued at approximately $36,529,558.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Michael Lawrence Gordon also recently made the following trade(s):

• On Wednesday, November 22nd, Michael Lawrence Gordon sold 10,097 shares of MongoDB stock. The shares were sold at an average price of $410.03, for a total value of $4,140,072.91.
• On Monday, October 2nd, Michael Lawrence Gordon sold 7,394 shares of MongoDB stock. The stock was sold at an average price of $345.20, for a total value of $2,552,408.80.
• On Thursday, September 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $370.82, for a total transaction of $1,854,100.00.

MongoDB Trading Up 0.6 %

NASDAQ MDB opened at $407.70 on Friday. The company has a market capitalization of $29.09 billion, a price-to-earnings ratio of -117.83 and a beta of 1.16. MongoDB, Inc. has a 12 month low of $137.70 and a 12 month high of $439.00. The company’s fifty day moving average price is $357.65 and its two-hundred day moving average price is $362.96. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.70) by $0.07. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. The business had revenue of $423.79 million for the quarter, compared to analyst estimates of $389.93 million. As a group, research analysts predict that MongoDB, Inc. will post -2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC acquired a new position in MongoDB during the 2nd quarter valued at approximately $26,000. KB Financial Partners LLC acquired a new position in shares of MongoDB during the second quarter valued at $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after acquiring an additional 38 shares during the period. Bessemer Group Inc. bought a new stake in MongoDB in the 4th quarter valued at about $29,000. Finally, Global Retirement Partners LLC boosted its stake in MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. 88.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDB. Barclays boosted their price objective on shares of MongoDB from $421.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. KeyCorp reduced their price target on MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a research note on Monday, October 23rd. Sanford C. Bernstein lifted their price objective on MongoDB from $424.00 to $471.00 in a research report on Sunday, September 3rd. Needham & Company LLC increased their target price on MongoDB from $430.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, September 1st. Finally, Bank of America initiated coverage on MongoDB in a research note on Thursday, October 12th. They issued a “buy” rating and a $450.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $419.74.

Get Our Latest Analysis on MongoDB

About MongoDB

(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.

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 – Get Free Report) CFO Michael Lawrence Gordon sold 10,097 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $410.03, for a total transaction of $4,140,072.91. Following the completion of the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at approximately $36,503,740.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Lawrence Gordon also recently made the following trade(s):

• On Monday, November 20th, Michael Lawrence Gordon sold 21,496 shares of MongoDB stock. The stock was sold at an average price of $410.32, for a total transaction of $8,820,238.72.
• On Monday, October 2nd, Michael Lawrence Gordon sold 7,394 shares of MongoDB stock. The shares were sold at an average price of $345.20, for a total transaction of $2,552,408.80.
• On Thursday, September 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $370.82, for a total transaction of $1,854,100.00.

MongoDB Stock Up 0.6 %

MDB stock opened at $407.70 on Friday. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a fifty-two week low of $137.70 and a fifty-two week high of $439.00. The firm’s 50-day simple moving average is $357.65 and its 200 day simple moving average is $362.96. The stock has a market cap of $29.09 billion, a PE ratio of -117.83 and a beta of 1.16.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. The business had revenue of $423.79 million for the quarter, compared to analysts’ expectations of $389.93 million. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MDB shares. Scotiabank started coverage on shares of MongoDB in a report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price target for the company. JMP Securities raised their price target on shares of MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a report on Friday, September 1st. Guggenheim raised their price target on shares of MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a report on Friday, September 1st. Citigroup raised their price target on shares of MongoDB from $430.00 to $455.00 and gave the company a “buy” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus increased their price objective on shares of MongoDB from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $419.74.

Read Our Latest Analysis on MDB

Institutional Trading of MongoDB

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in MongoDB by 13.4% during the 1st 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 buying an additional 897,911 shares during the period. Vanguard Group Inc. increased its stake in MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares during the period. Jennison Associates LLC increased its stake in MongoDB by 87.8% during the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after buying an additional 1,745,231 shares during the period. State Street Corp increased its stake in MongoDB by 1.8% during the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after buying an additional 24,595 shares during the period. Finally, 1832 Asset Management L.P. increased its stake in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares during the period. Institutional investors and hedge funds own 88.89% 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.

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

Article originally posted on InfoQ. Visit InfoQ

During the recent Ignite conference, Microsoft introduced two custom-designed chips for their cloud infrastructure: Microsoft Azure Maia AI Accelerator (Athena), optimized for artificial intelligence (AI) tasks and generative AI, and Microsoft Azure Cobalt CPU, an Arm-based processor tailored to run general-purpose compute workloads on the Microsoft Cloud.

The Azure Maia AI and Azure Cobalt chip will arrive in 2024 at Microsoft’s datacenters, initially powering the company’s services such as Microsoft Copilot or Azure OpenAI Service.

The Maia AI chip is manufactured on a 5-nanometer TSMC process and has 105 billion transistors. It’s designed specifically for the Azure hardware stack and will power some of the largest internal AI workloads running on Microsoft Azure, according to a press release from the company.

At the same time, the Azure Cobalt is a 128-core chip built on an Arm Neoverse CSS design and customized for Microsoft. Wes McCullough, a corporate vice president of hardware product development at Microsoft, said in a press release:

Choosing Arm technology was a key element in Microsoft’s sustainability goal. It aims to optimize “performance per watt” throughout its datacenters, which essentially means getting more computing power for each unit of energy consumed.

In the past, Microsoft built its servers and racks to drive down cost, and by having silicon added to it, the company can also influence cooling efficiency and optimize server capacity. The latter is driven by Microsoft’s mission to become carbon-negative by 2030.

Microsoft competitors Google and AWS already have their silicon for AI workloads. For instance, Google’s Tensor Processing Unit, announced at Google I/O in 2016, is used in their data centers to support the TensorFlow framework for machine learning applications such as neural networks. Furthermore, AWS introduced its Graviton Arm-based chip and Inferentia AI processor in 2018, and it announced Trainium, for training models in 2020.

A respondent, Aromasin, on a Hacker News thread, commented:

Note that Microsoft has been using “custom chips” for years; they’ve just been on FPGAs, not ASICs. They’ve developed IP to accelerate a whole bunch of processes, so it’s not like they’ve suddenly come around to a magic sauce that Amazon and Google have been doing this whole time. It would surprise me if over half of the new chip is just based on RTL from their FPGA design.

The only thing that’s changed is that they’re scaling like crazy now and can justify overhead that comes with designing ASICs versus using off the shelf parts.

Microsoft partners and works closer with silicon providers AMD (AMD MI300X accelerated VMs) and Nvidia (NVIDIA H200 Tensor Core GPU). However, unlike AMD and Nvidia, Microsoft will not let customers buy servers with their chips.

Scott Guthrie, executive vice president of Microsoft’s Cloud and AI Group, tweeted:

Microsoft has reimagined our infrastructure with an end-to-end systems approach to meet our customer’s unique AI and cloud needs. With the launch of our new AI Accelerator, Azure Maia, and cloud native CPU, Azure Cobalt, alongside our continued partnerships with silicon providers, we can now provide even more choice and performance.

Lastly, Microsoft intends to broaden the range of choices in the future, with ongoing development efforts focused on creating second-generation iterations for both the Azure Maia AI Accelerator and the Azure Cobalt CPU.