Month: January 2024

Article originally posted on InfoQ. Visit InfoQ

This week’s Java roundup for January 1st, 2024 features news highlighting: Spring Shell, Micronaut, JReleaser, JobRunr, Sharat Chander acknowledging the 2023 accomplishments from the Java Community, and 2023 highlights from the Apache Camel projects.

JDK 23

Build 4 of the JDK 23 early-access builds was made available this past week featuring updates from Build 3 that include fixes for various issues. Further details on this release may be found in the release notes.

JDK 22

Build 30 of the JDK 22 early-access builds was also made available this past week featuring updates from Build 29 that include fixes to various issues. More details on this build may be found in the release notes.

For JDK 23 and JDK 22, developers are encouraged to report bugs via the Java Bug Database.

Spring Framework

Versions 3.2.0 and 3.1.7 of Spring Shell have been released featuring notable bug fixes such as: the ExitCodeAutoConfiguration class doesn’t map to the CommandParserExceptionsException class due to due to a change between Spring Boot 3.2.0 and 3.2.1 in its runner logic where the exception is no longer wrapped in the IllegalStateException class; and using the --file command line option after generating an application with native image, a NullPointerException is thrown due to an incomplete configuration for the reflection at runtime. Both versions also provide a dependency upgrade to Spring Boot 3.2.1 and 3.1.7, respectively. Further details on these releases may be found in the release notes for version 3.2.0 and version 3.1.7.

Micronaut

The Micronaut Foundation has released version 4.2.3 of the Micronaut Framework featuring Micronaut Core 4.2.3, bug fixes, dependency upgrades and updates to modules: Micronaut AWS and Micronaut Maven Plugin. Notable changes include: a fix to the @Generated annotation in which a class co-annotated with the @Client annotation was not being introspected; and a change in use of the TypeVariable interface to extract the type variable name, as opposed to its toString() representation, to correct its usage for the future. More details on this release may be found in the release notes.

JReleaser

Version 1.10.0 of JReleaser, a Java utility that streamlines creating project releases, has been released to deliver bug fixes, improvements in documentation and notable changes such as: auto-convert links to Markdown format; the contents of java.options in the YAML file should be honored and used as input for the $JAVA_OPTS environmental variable; and the addition of properties from other elements, like deployers and assemblers, to the generated JReleaser report of properties. Further details on this release may be found in the release notes.

JobRunr

Version 6.3.4 of JobRunr, a library for background processing in Java that is distributed and backed by persistent storage, has been released featuring notable changes such as: improved integration with Micronaut when starting multiple servers; and drop usage of a deprecated method that was removed in Quarkus 3.6 for improved compatibility with Quarkus. More details on this release may be found in the release notes.

The Java Community

At the end of 2023, Sharat Chander, Senior Director, Product Management & Developer Engagement at Oracle, posted Tis the season of…Thanks! to acknowledge the contributions by the Java community, noting:

And as year’s end approaches, I’d like to reflect on all the ongoing momentum in the developer community that continues to keep Java vibrant.

As Java technology continues to advance, it’s the people, people like you, that give it such a strong heartbeat. So, with the holiday season upon us, I’d like to give thanks, appreciation, and recognition from Oracle’s Java Developer Relations Team for many of those accomplishments and the people involved.

Highlights from 2023 included: conference milestone anniversaries of Devoxx UK (10 years), Devoxx Belgium (20 years), Devoxx Morocco (10 years) and J-Fall (20 years); 18 newly crowned Java Champions; the impact of the over 360 Java User Groups (JUGs) noting that the very first JUG, NYJavaSIG, kicked off in 1996; and the numerous contributors to the Dev.java and Duke’s Corner.

Apache Camel Projects

Claus Isben, Senior Principal Software Engineer at Red Hat and committer on Apache Camel, provided an end-of-year summary of Apache Camel projects and contributions by the Java community. Highlights included: 33 Camel Core releases; 13 Camel Quarkus releases; seven Camel K releases; 1021 GitHub contributors; 68078 total number of commits; and 12593 closed pull requests.

Article originally posted on InfoQ. Visit InfoQ

Recently, AWS notified existing customers running Amazon Aurora that Serverless v1 support will be discontinued, with the service scheduled to shut down within a year. The absence of scaling to zero in the newer Aurora Serverless v2 has raised concerns within the community regarding potential increased costs and the absence of a ‘true’ serverless relational database on AWS.

Introduced in the summer of 2018, Aurora Serverless v1 lacks support for Multi-AZ clusters and does not incorporate the latest major releases of MySQL and PostgreSQL. However, clusters can automatically scale down to zero in the absence of activity. In the email to current customers, the cloud provider writes:

We are reaching out to let you know that as of December 31, 2024, Amazon Aurora will no longer support Serverless version 1 (v1). As per the Aurora Version Policy, we are providing 12 months’ notice to give you time to upgrade your database cluster(s). Aurora supports two versions of Serverless. We are only announcing the end of support for Serverless v1. Aurora Serverless v2 continues to be supported. We recommend that you proactively upgrade your databases running Amazon Aurora Serverless v1 to Amazon Aurora Serverless v2 at your convenience before December 31, 2024.

Ganesh Swaminathan, head of cloud solutions architecture at JPMorgan Chase & Co, comments:

Goodbye to a relational database that could idle down to zero on its own. Hello to double the bill (or more – instead of scale 2 zero idle to a higher minimum – v2 has lower min).

While Aurora Serverless v2 significantly narrows the feature gap with provisioned Aurora by introducing replicas, logical replication, and global databases, it cannot scale down to zero. This absence of a zero-scaling feature is important for development and test databases, which may experience extended periods of inactivity. Aurora Serverless v2 mandates a minimum of 0.5 Aurora capacity units (ACUs), resulting in constant charges and provisioning. In a popular Reddit thread, user zmose adds:

I am pretty disappointed that Aurora Serverless V2 cannot seem to scale to 0 ACU. Ya know, what “serverless” is supposed to mean? I think it ends up being around $50/month at minimum.

While most developers stress the price difference for small deployments, SteveTabernacle2 comments:

It is the principle. AWS marketed the “scale-down to zero” point hard. Watch any serverless re:Invent talk pre-2020 and it is likely mentioned within the first 5 minutes of the talk. This new crop of “serverless” offerings (Aurora v2, Elasticache, OpenSearch) should never have been called serverless.

The announcement of the long-awaited RDS Data API v2 is seen by some developers as an indication that the cloud provider is working to bridge the gaps between the two versions. Tim Gustafson, a principal database specialist solutions architect at AWS, instead explains how to upgrade from Aurora Serverless v1 to v2 with minimal downtime, taking advantage of blue/green deployments:

There is a new upgrade path for Aurora Serverless v1 that allows you to go from an Amazon Serverless v1 database to a provisioned Aurora cluster with only a 30-second failover, similar to what would happen if you promoted an Aurora read replica to be the new writer. Then you can use the new blue/green deployment feature to upgrade the database to a version supported by Aurora Serverless v2 and add a serverless instance to your cluster.

Noting that AWS rarely retires a service, Yan Cui, independent consultant and AWS Serverless Hero, points out:

Sadly, Aurora Serverless v1 is on the way out (…) It’s a rare incidence of AWS shutting down a service (I mean, SimpleDB is still around!).

As Aurora Serverless v1 and Aurora Serverless v2 support different versions of the MySQL and PostgreSQL engines, Gustafson warns:

Before we can migrate to Amazon Serverless v2, we need to upgrade the database to a version that Amazon Serverless v2 supports. (…) Doing a major version upgrade requires some planning, and should be done with the proper amount of testing.

Besides the email sent to existing users of Aurora Serverless v1, the cloud provider has not made any official announcements or shared a detailed roadmap regarding the retirement of the service.

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It’s been a rough start to 2024 for the stock market. Some of the biggest drivers of 2023’s rally have taken hits in the first few days of the year, including some of the so-called “Magnificent Seven” stocks.

There’s no telling what the market will do throughout 2024, but investors can put the odds in their favor by avoiding stocks with stretched valuations. I’ll be staying away from DoorDash (NASDAQ: DASH) and MongoDB (NASDAQ: MDB) this year for that reason.

DoorDash

Restaurant delivery stock DoorDash is down about 60% from its pandemic-era high, but it’s been rallying over the past year. Shares of DoorDash doubled in 2023, delivering a market-beating performance that pushed up the company’s market value to about $37 billion. Based on the average analyst estimate for 2023, DoorDash trades for more than 4 times annual sales.

DoorDash continued to grow at a solid double-digit rate throughout 2023 despite an economic environment that should have been working against it. Revenue jumped 27% year over year in the third quarter on a 24% rise in order volume. DoorDash isn’t profitable on a GAAP basis, but it’s inching closer with each passing quarter.

I’ll admit that I was surprised by the robustness of DoorDash’s growth last year. Sky-high inflation, rising interest rates, and tightening household budgets did little to slow demand for the company’s convenient services. I may have been wrong about the timing, but I’m convinced that the economic environment will eventually catch up with DoorDash. The convenience that DoorDash offers is so expensive, with layers of fees and marked-up prices, that I just don’t see how these trends persist.

The other issue is that DoorDash’s business model is dependent on the status quo relating to its contract delivery drivers remaining intact. The company is reportedly planning to raise its already-high fees in New York City in response to a delivery driver minimum wage law, and ongoing legal battles over the status of gig workers pose an existential risk to the third-party restaurant delivery industry.

I expect some sort of reckoning for DoorDash in 2024 as consumer behavior catches up with economic reality.

MongoDB

MongoDB has done a great job positioning its database software as an attractive alternative to the market leaders. While MongoDB isn’t as widely used as a handful of other leading databases, it’s become a go-to for enterprises building modern applications.

The big problem I have with MongoDB is its valuation. With a market capitalization of $27 billion, MongoDB trades for about 16 times the average analyst estimate for fiscal 2024 sales. If MongoDB were the next Oracle, this valuation could make sense. But I don’t think it is. Cloud computing has made it much simpler to switch database providers. There are still meaningful switching costs, but not to the same degree as in the past.

That’s not to say that MongoDB can’t succeed in the long run, but it probably won’t dominate the industry. Revenue is still rising swiftly, up 30% in the third quarter. MongoDB Atlas, the company’s managed cloud database service, grew at a faster 36% rate. The cost of achieving that level of growth, however, is high. MongoDB has yet to turn a GAAP profit, and it spent 45% of its revenue in the latest quarter on sales and marketing. In other words, this is not a product that sells itself.

MongoDB is becoming a major player in the database market, but the valuation looks far too optimistic to me.

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

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Robeco Institutional Asset Management B.V. increased its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 2,134.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,332 shares of the company’s stock after buying an additional 31,840 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in MongoDB were worth $11,528,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC bought a new position in MongoDB during the 2nd quarter worth about $26,000. KB Financial Partners LLC bought a new position in MongoDB during the 2nd quarter worth about $27,000. Capital Advisors Ltd. LLC grew its holdings in MongoDB by 131.0% during 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 in the last quarter. Bessemer Group Inc. bought a new position in MongoDB during the 4th quarter worth about $29,000. Finally, Parkside Financial Bank & Trust grew its holdings in MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $365.39 on Friday. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. MongoDB, Inc. has a 12 month low of $164.59 and a 12 month high of $442.84. The company has a 50 day simple moving average of $392.38 and a two-hundred day simple moving average of $380.82. The stock has a market cap of $26.37 billion, a price-to-earnings ratio of -138.41 and a beta of 1.23.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business had revenue of $432.94 million during the quarter, compared to analysts’ expectations of $406.33 million. During the same period in the previous year, the business posted ($1.23) EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. As a group, analysts predict that MongoDB, Inc. will post -1.64 earnings per share for the current year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent research reports. Scotiabank initiated coverage on shares of MongoDB in a report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price on the stock. Wells Fargo & Company assumed coverage on shares of MongoDB in a report on Thursday, November 16th. They set an “overweight” rating and a $500.00 target price on the stock. Royal Bank of Canada raised their price target on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. UBS Group restated a “neutral” rating and issued a $410.00 price target (down from $475.00) on shares of MongoDB in a report on Thursday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $450.00 price target on shares of MongoDB in a report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $430.41.

Read Our Latest Report on MongoDB

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares in the company, valued at approximately $6,596,650.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $332.23, for a total transaction of $1,328,920.00. Following the completion of the transaction, the director now owns 1,191,159 shares of the company’s stock, valued at $395,738,754.57. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,029 shares of company stock worth $57,034,511. Company insiders own 4.80% of the company’s stock.

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

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MongoDB, Inc. (NASDAQ:MDB – Free Report) – Research analysts at KeyCorp issued their Q4 2024 earnings per share (EPS) estimates for MongoDB in a research report issued on Tuesday, January 2nd. KeyCorp analyst E. Heath anticipates that the company will earn ($0.68) per share for the quarter. KeyCorp has a “Overweight” rating and a $440.00 price target on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.64) per share. KeyCorp also issued estimates for MongoDB’s Q1 2025 earnings at ($0.44) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.42) EPS, FY2025 earnings at ($1.32) EPS and FY2026 earnings at ($0.76) EPS.

Several other equities research analysts have also recently weighed in on the company. UBS Group restated a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday. Bank of America initiated coverage on MongoDB in a research note on Thursday, October 12th. They set a “buy” rating and a $450.00 target price for the company. Stifel Nicolaus restated a “buy” rating and set a $450.00 target price on shares of MongoDB in a research note on Monday, December 4th. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price target for the company in a research note on Wednesday, November 8th. Finally, Scotiabank initiated coverage on MongoDB in a research note on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average price target of $430.41.

Read Our Latest Analysis on MongoDB

MongoDB Stock Up 0.8 %

NASDAQ MDB opened at $365.39 on Friday. The business has a fifty day moving average price of $392.38 and a two-hundred day moving average price of $380.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB has a fifty-two week low of $164.59 and a fifty-two week high of $442.84. The stock has a market capitalization of $26.37 billion, a PE ratio of -138.41 and a beta of 1.23.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.23) earnings per share.

Insiders Place Their Bets

In other MongoDB news, CEO Dev Ittycheria sold 100,500 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the completion of the sale, the chief executive officer now directly owns 214,177 shares in the company, valued at approximately $80,316,375. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total value of $345,210.00. Following the completion of the sale, the director now directly owns 533,896 shares in the company, valued at approximately $184,306,238.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dev Ittycheria sold 100,500 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total value of $37,687,500.00. Following the completion of the sale, the chief executive officer now owns 214,177 shares of the company’s stock, valued at $80,316,375. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,029 shares of company stock worth $57,034,511. Company insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently made changes to their positions in the company. Raymond James & Associates lifted its position in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after acquiring an additional 206 shares in the last quarter. MetLife Investment Management LLC bought a new position in MongoDB in the 1st quarter valued at about $1,823,000. Panagora Asset Management Inc. lifted its position in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after acquiring an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,439 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

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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UBS Group restated their neutral rating on shares of MongoDB (NASDAQ:MDB – Free Report) in a research note released on Thursday, Marketbeat Ratings reports. They currently have a $410.00 price target on the stock, down from their prior price target of $475.00.

A number of other equities research analysts have also issued reports on MDB. Tigress Financial upped their target price on MongoDB from $490.00 to $495.00 and gave the company a buy rating in a research note on Friday, October 6th. TheStreet raised MongoDB from a d+ rating to a c- rating in a research note on Friday, December 1st. KeyCorp decreased their price objective on MongoDB from $495.00 to $440.00 and set an overweight rating on the stock in a report on Monday, October 23rd. Wells Fargo & Company assumed coverage on MongoDB in a research note on Thursday, November 16th. They issued an overweight rating and a $500.00 target price for the company. Finally, Stifel Nicolaus reissued a buy rating and issued a $450.00 price target on shares of MongoDB in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $430.41.

Read Our Latest Stock Analysis on MongoDB

MongoDB Stock Down 2.8 %

Shares of NASDAQ MDB opened at $362.41 on Thursday. The business has a 50-day moving average of $391.77 and a two-hundred day moving average of $380.92. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB has a 1 year low of $164.59 and a 1 year high of $442.84. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of -137.28 and a beta of 1.23.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.23) earnings per share. On average, analysts forecast that MongoDB will post -1.64 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now owns 1,195,159 shares in the company, valued at approximately $436,233,035. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the transaction, the director now directly owns 1,195,159 shares of the company’s stock, valued at approximately $436,233,035. The disclosure for this sale can be found here. Insiders sold a total of 149,029 shares of company stock worth $57,034,511 in the last 90 days. 4.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC bought a new position in MongoDB in the 2nd quarter valued at $26,000. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $27,000. Capital Advisors Ltd. LLC grew its holdings in MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. bought a new position in MongoDB during the fourth quarter worth about $29,000. Finally, BluePath Capital Management LLC bought a new position in MongoDB during the third quarter worth about $30,000. 88.89% of the stock is owned by institutional investors and hedge funds.

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

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We often write about malicious Android apps that intend to steal your data, but some apps put your data at risk inadvertently. This week, the Cybernews research team discovered that a very popular all-in-one real estate app called MyEstatePoint Property Search left a MongoDB server containing sensitive data about its users open to the public.

MyEstatePoint Property Search was made by India-based software developer NJ Technologies. The app has been downloaded over 500,000 times, mostly by users in India. Cybernews claims that the exposed server contained data on over 497,000 users, which means that nearly every user who ever installed the app has been affected.

According to the report, the research team found the server on November 6, 2023, and quickly contacted the developer about the issue. NJ Technologies never responded, but access to their server has since been closed off to the public.

The exposed server showed users’ first and last names, email addresses, plain-text passwords, mobile phone numbers, cities, businesses, and signup methods.

The Cybernews research team shared the following statement about the leak:

“This comprehensive dataset poses severe risks as threat actors could exploit the exposed information for unauthorized access, identity theft, fraudulent activities, and potentially compromise the privacy and security of the affected individuals.”

Anyone who has ever used this app should obviously change their password immediately. And even if you don’t use the app, this is yet another sign to make different passwords for every app and service you use. If you’re using the same password for an Android app that leaks your data as you do for your email or your bank, the consequences could be catastrophic.

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

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) – Research analysts at KeyCorp issued their Q4 2024 EPS estimates for shares of MongoDB in a report released on Tuesday, January 2nd. KeyCorp analyst E. Heath forecasts that the company will post earnings per share of ($0.68) for the quarter. KeyCorp currently has a “Overweight” rating and a $440.00 target price on the stock. The consensus estimate for MongoDB’s current full-year earnings is ($1.64) per share. KeyCorp also issued estimates for MongoDB’s Q1 2025 earnings at ($0.44) EPS, Q2 2025 earnings at ($0.30) EPS, Q3 2025 earnings at ($0.17) EPS, Q4 2025 earnings at ($0.42) EPS, FY2025 earnings at ($1.32) EPS and FY2026 earnings at ($0.76) EPS.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.23) EPS.

Several other research analysts have also weighed in on MDB. Mizuho lifted their price objective on shares of MongoDB from $330.00 to $420.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Tigress Financial lifted their price objective on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Barclays lifted their price objective on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Needham & Company LLC lifted their price objective on shares of MongoDB from $445.00 to $495.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada lifted their price objective on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $430.41.

Check Out Our Latest Report on MDB

MongoDB Stock Performance

MongoDB stock opened at $362.41 on Friday. The company’s 50 day simple moving average is $391.77 and its 200 day simple moving average is $380.92. MongoDB has a fifty-two week low of $164.59 and a fifty-two week high of $442.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total value of $345,210.00. Following the transaction, the director now directly owns 533,896 shares in the company, valued at $184,306,238.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now owns 1,195,159 shares of the company’s stock, valued at $436,233,035. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the sale, the director now directly owns 533,896 shares of the company’s stock, valued at approximately $184,306,238.16. The disclosure for this sale can be found here. Insiders have sold a total of 149,029 shares of company stock worth $57,034,511 over the last ninety days. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Raymond James & Associates lifted its position in MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its position in MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in MongoDB during the first quarter worth about $1,823,000. Panagora Asset Management Inc. lifted its position in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the period. Institutional investors own 88.89% of the company’s stock.

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.

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

Posted on mongodb google news. Visit mongodb google news

After-hours trading on Wall Street saw varying fortunes for MongoDB, Cal-Maine, and Arena Group. While MongoDB and Cal-Maine’s stocks experienced a dip, Arena Group witnessed a surge, reflecting the market’s response to events impacting these corporations. This development underscores the dynamic nature of financial markets, where investors’ sentiments can sway share values even outside of regular trading hours.

Understanding the After-Hours Trading Phenomenon

After-hours trading offers investors an extended window to respond to news and events that occur beyond the normal trading hours. This flexibility often results in significant stock price movements, as witnessed with MongoDB, Cal-Maine, and Arena Group.

Updates from Euronext Paris

Meanwhile, the Euronext Paris market, governed by the French Commercial Code and Autorité des Marchés Financiers (AMF), has released updates on voting rights for companies listed on its exchange. This includes details on the International Securities Identification Number (ISIN) Code, Legal Entity Identifier (LEI), and any statutory clauses requiring additional threshold crossing declarations.

Deciphering Voting Rights and Share Capital

It’s worth noting that the ‘Gross total’ of voting rights, including all rights attached to shares like double voting rights and treasury shares, is used to calculate threshold crossings. The ‘Net total,’ representing voting rights minus shares without voting rights, is also provided. This information can serve as a useful metric for investors and stakeholders looking to understand a company’s governance structure and shareholder influence.

From ID Logistics to Dassault Systèmes, several companies listed on Euronext Paris have disclosed their latest share and voting rights figures. For instance, Dassault Systèmes has announced that as of December 31, 2023, the number of its outstanding shares stands at 1,337,916,433, with 2,008,755,178 voting rights.

As we navigate the rapidly evolving landscape of global financial markets, these updates and fluctuations offer a glimpse into the convoluted workings of corporate finance and governance, reminding us of the importance of staying informed and vigilant.

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