Month: June 2024
MMS • Matt Campbell
Article originally posted on InfoQ. Visit InfoQ
HashiCorp has moved the AWS Cloud Control (AWSCC) provider to general availability. The AWSCC provider is automatically generated based on the Cloud Control API published by AWS implying that new AWS features can be supported in Terraform upon their release. Originally released in 2021 as a tech preview, the move to version 1.0 includes several new features including sample configurations and improved schema-level documentation.
AWSCC is built on top of the AWS Cloud Control API. The Cloud Control API provides CRUDL (create, read, update, delete, and list) operations to use with AWS cloud resources. Any resource type published to the CloudFormation Public Registry has a standard JSON schema that can be used with this API.
As part of this release, there are now over 270 resources with sample configurations. For example, awscc_ec2_key_pair allows for specifying a key pair to use with an EC2 instance. An existing key pair can be specified in the PublicKeyMaterial property; omitting that property will generate a new key pair.
resource "awscc_ec2_key_pair" "example" {
key_name = "example"
public_key_material = ""
tags = [{
key = "Modified By"
value = "AWSCC"
}]
}
In addition, more than 75 resources now have improved attribute-level documentation. The resources have detailed descriptions of how to use the attributes within the resource-accepted values. This includes context about the attribute, how it’s used, and the expected values for each attribute.
The AWSCC is not meant as a replacement for the standard AWS provider. As noted by Aurora Chun, Product Marketing Manager at HashiCorp, “using the AWSCC and AWS providers together equips developers with a large catalog of resources across established and new AWS services.” The providers can be used in conjunction to provision resources:
# Use the AWS provider to provision an S3 bucket
resource "aws_s3_bucket" "example" {
bucket_prefix = "example"
}
# Use the AWSCC provider to provision an Amazon Personalize dataset
resource "awscc_personalize_dataset" "interactions" {
...
dataset_import_job = {
data_source = {
data_location = aws_s3_bucket.interactions_import.bucket
}
}
}
The AWSCC provider is generated from the latest CloudFormation schemas and releases weekly with all new services added to the Cloud Control API. There are some resources in the CloudFormation schema that are not compatible with the AWSCC provider. A full list of these can be found on GitHub.
Within Azure, the AzAPI Provider enables similar support for the Azure ARM (Azure Resource Management) REST APIs. While there isn’t a Terraform provider available for it, CloudGraph provides a similar API experience to AWS Cloud Control. CloudGraph has support for AWS, Azure, GCP, and Kubernetes.
The Terraform AWS Cloud Control provider is available for download now from the Terraform Registry. The AWSCC provider requires Terraform CLI version 1.0.7 or higher. The source code for the provider is available on GitHub and is licensed under the MPL-2.0 license. Additional information can be found within the provider document and the tutorial.
MMS • Matt Campbell
Article originally posted on InfoQ. Visit InfoQ
AWS has announced improved launch times for Windows containers running on AWS Fargate. Launch times were improved by pre-baking the AMIs, leveraging EC2 fast launch, and eliminating the network proxy. The team has also provided recommendations for users to further enhance their container launch times.
AWS states they “have reduced the infrastructure ready time by up to 42% for Windows Server 2022 Core”. They note that Fargate Windows launch times can be divided into three high-level buckets: infrastructure ready time, container image pull time, and task startup time.
Infrastructure ready time encompasses the time needed to provision the underlying compute and progress to pulling the container image. Container image pull time involves containerd pulling and extracting the container image. Finally, task startup time covers the Fargate agent working with containerd to start the task containers with the appropriate configuration.
The AWS team pre-baked more efficient Windows Server AMIs specifically optimized for Fargate. This reduces the set-up required for each individual container thereby reducing potential latency and errors in the deployment process. Mark Nash, Senior Consultant with Contino, describes an image bakery as
A codified, automated and repeatable process where you create custom images used for creating VMs, Containers or Disks. They can help speed up the provisioning time for a VM by baking the required configuration of the systems into the VM image rather than configuring it after the instance is built.
The team also enabled EC2 fast launch for Fargate Windows task launches. EC2 fast launch leverages pre-provisioned snapshots to minimize the need for reboots and complicated initialization steps during the Windows OS launch process.
Behind the scenes, EC2 fast launch creates a set of temporary t3 instances based on the provided settings. Snapshots of those instances are taken once they complete the standard launch steps. The original instances are terminated and the snapshots are used as needed to produce the requested instances. AWS has committed that “sufficient Fast Launch snapshots are available at all times for catering to the demand”.
The team replaced a side-car-based networking proxy with an improved process that runs Fargate worker processes from within the task network namespace. This removes the need for the network proxy entirely. Finally, Fargate is now starting the instance bootstrap immediately after the Windows Server OS boot process is completed versus waiting for the EC2 Launch Agent to begin the process.
The team has some recommendations to further improve the launch performance of Windows Server tasks running on Fargate. To make full use of the Fargate Windows cache, the containers need to be built on a recent Windows Server base image. New base container images are released by Microsoft on the second Tuesday of each month. The Fargate Windows cache only stores the latest and the previous month’s Windows Server core base images.
The team also recommends using Windows Server 2022 Core images as they have a smaller footprint and therefore faster boot times. Part of that footprint reduction is achieved by not providing a GUI or Windows desktop features.
Google Cloud’s closest equivalent service to AWS Fargate is Cloud Run. However, at the time of writing, Cloud Run does not support the Windows operating system for its containers. Azure’s equivalent service is Azure Container Intances which has support for both Linux and Windows containers.
Windows is only available with AWS Fargate when running on Amazon ECS. There is no Windows support available when running Fargate on Amazone EKS. The improved launch times are available in all regions that AWS Fargate is available in.
Midday Movers: Gap, MongoDB, Dell Technologies and Other Stocks Experiencing … – Globe Echo
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In midday trading, several companies made headlines with significant stock movements. Dell Technologies saw its stock plunge by 18% after executives warned of potential gross margin pressure in 2025. Lionsgate Studios, on the other hand, saw a 3% increase in its shares after Citi initiated coverage of the film studio with a buy rating, citing the spin-off of its Starz business as a potential catalyst for margin expansion. Zscaler experienced a 9% increase in shares following a fiscal third-quarter earnings and revenue beat, reporting earnings of 88 cents per share on revenue of $553 million.
Nordstrom’s shares jumped 5% after the department store operator posted solid quarterly sales growth, with Nordstrom Rack outperforming the flagship brand. Despite falling short of Wall Street’s earnings expectations, Nordstrom maintained its full-year forecast. Gap surged 29% after reporting higher-than-expected earnings per share and revenue for the fiscal first quarter. Ambarella also saw a 21% increase in shares after forecasting continued revenue growth in fiscal 2025, driven by robust demand for artificial intelligence.
Marvell Technologies, on the other hand, saw its stock plunge by 10% after missing first-quarter earnings expectations with earnings per share of 24 cents on $1.16 billion in revenue. MongoDB’s shares plummeted by 24% as the technology company trimmed its second-quarter guidance and full-year forecast. SentinelOne dipped 13% after issuing a revenue outlook below analysts’ expectations. VF Corporation surged 8% after announcing a new global brand president for Vans, and Cooper Companies added 5% following a fiscal second-quarter adjusted earnings beat.
Paycom Software’s stock fell by 9% after announcing an executive shake-up, while First Solar slipped 2% after being downgraded to neutral from buy by Mizuho. Analysts pointed out that the stock’s current price already reflects its strong pricing power. Overall, various companies in different sectors experienced a mix of positive and negative movements in midday trading, with factors such as earnings reports, executive changes, and forecasts impacting investor sentiment.
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MongoDB (NASDAQ:MDB – Free Report) had its target price cut by Truist Financial from $475.00 to $300.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued reports about the company. Needham & Company LLC dropped their price objective on MongoDB from $465.00 to $290.00 and set a buy rating on the stock in a research report on Friday. Monness Crespi & Hardt raised MongoDB to a hold rating in a report on Tuesday. Citigroup increased their target price on MongoDB from $515.00 to $550.00 and gave the company a buy rating in a report on Wednesday, March 6th. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Finally, Morgan Stanley decreased their price objective on MongoDB from $455.00 to $320.00 and set an overweight rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $374.29.
View Our Latest Report on MongoDB
MongoDB Price Performance
Shares of MongoDB stock opened at $236.06 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market cap of $17.19 billion, a PE ratio of -84.01 and a beta of 1.19. The business has a 50 day moving average of $353.32 and a 200 day moving average of $390.77. MongoDB has a 52 week low of $225.25 and a 52 week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts forecast that MongoDB will post -2.53 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing 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 on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares of the company’s stock, valued at $190,179,486.96. The disclosure for this sale can be found here. Insiders sold a total of 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. Huntington National Bank grew its stake in MongoDB by 279.3% during the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after buying an additional 81 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in MongoDB during the 1st quarter worth $41,000. Finally, Parkside Financial Bank & Trust grew its stake in MongoDB by 38.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after buying an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors.
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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TD Asset Management Inc cut its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 64.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,941 shares of the company’s stock after selling 174,602 shares during the period. TD Asset Management Inc owned about 0.13% of MongoDB worth $39,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Jennison Associates LLC boosted its holdings in MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock worth $1,576,876,000 after buying an additional 122,893 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $326,237,000. Northern Trust Corp increased its stake in MongoDB by 5.5% during the third quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock worth $154,957,000 after acquiring an additional 23,270 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MongoDB by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 249,122 shares of the company’s stock worth $101,854,000 after purchasing an additional 11,439 shares during the last quarter. Finally, Polar Capital Holdings Plc increased its position in shares of MongoDB by 18.5% during the third quarter. Polar Capital Holdings Plc now owns 248,259 shares of the company’s stock valued at $85,863,000 after acquiring an additional 38,747 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
MongoDB Stock Down 23.9 %
Shares of NASDAQ MDB opened at $236.06 on Friday. The firm has a 50-day moving average price of $353.32 and a 200 day moving average price of $390.77. MongoDB, Inc. has a 52 week low of $225.25 and a 52 week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $17.19 billion, a price-to-earnings ratio of -84.01 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. Equities research analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,802 shares of company stock valued at $16,514,071. Corporate insiders own 3.60% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on MDB. Needham & Company LLC dropped their price objective on shares of MongoDB from $465.00 to $290.00 and set a “buy” rating for the company in a report on Friday. Tigress Financial lifted their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Truist Financial lowered their price objective on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a research report on Friday. Robert W. Baird reduced their target price on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Canaccord Genuity Group dropped their price objective on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $374.29.
Read Our Latest Research Report on MDB
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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MongoDB (NASDAQ:MDB – Get Free Report) was upgraded by research analysts at DA Davidson from a “hold” rating to a “strong-buy” rating in a research report issued on Friday, Zacks.com reports. DA Davidson also issued estimates for MongoDB’s Q2 2025 earnings at ($0.73) EPS.
A number of other equities analysts also recently issued reports on the company. Truist Financial dropped their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC dropped their price target on MongoDB from $465.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday. Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Loop Capital lowered their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Robert W. Baird lowered their target price on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $374.29.
View Our Latest Analysis on MDB
MongoDB Stock Down 23.9 %
Shares of MongoDB stock traded down $73.94 on Friday, reaching $236.06. The company’s stock had a trading volume of 10,987,897 shares, compared to its average volume of 1,105,161. The company has a market capitalization of $17.19 billion, a price-to-earnings ratio of -84.01 and a beta of 1.19. The firm’s fifty day simple moving average is $353.32 and its two-hundred day simple moving average is $390.77. MongoDB has a 52 week low of $225.25 and a 52 week high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. Equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current year.
Insider Activity
In other news, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the completion of the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
Institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC increased its holdings in MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after purchasing an additional 805 shares during the period. Cetera Investment Advisers increased its holdings in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after purchasing an additional 8,330 shares during the period. Atria Investments Inc increased its holdings in MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after purchasing an additional 39 shares during the period. Swedbank AB purchased a new position in MongoDB during the 1st quarter worth $91,915,000. Finally, LRI Investments LLC purchased a new position in MongoDB during the 1st quarter worth $106,000. Institutional investors own 89.29% of the company’s stock.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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BOCHK Asset Management Ltd acquired a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,650 shares of the company’s stock, valued at approximately $2,719,000. MongoDB accounts for approximately 1.7% of BOCHK Asset Management Ltd’s holdings, making the stock its 21st biggest holding.
A number of other large investors also recently bought and sold shares of MDB. Yousif Capital Management LLC raised its holdings in MongoDB by 4.8% during the third quarter. Yousif Capital Management LLC now owns 762 shares of the company’s stock worth $264,000 after purchasing an additional 35 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of MongoDB by 37.0% in the 3rd quarter. Private Advisor Group LLC now owns 3,716 shares of the company’s stock valued at $1,285,000 after buying an additional 1,003 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in MongoDB by 7.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,479 shares of the company’s stock worth $16,421,000 after acquiring an additional 3,258 shares during the period. abrdn plc raised its position in MongoDB by 46.0% in the third quarter. abrdn plc now owns 22,803 shares of the company’s stock worth $7,887,000 after acquiring an additional 7,188 shares in the last quarter. Finally, Arizona State Retirement System raised its position in MongoDB by 0.7% in the third quarter. Arizona State Retirement System now owns 19,256 shares of the company’s stock worth $6,660,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Insider Activity
In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the transaction, the chief executive officer now owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $5,973,567.60. Following the transaction, the chief executive officer now owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Insiders have sold 46,802 shares of company stock worth $16,514,071 over the last 90 days. Company insiders own 3.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research report on Tuesday. Needham & Company LLC reduced their price target on shares of MongoDB from $465.00 to $290.00 and set a “buy” rating for the company in a research report on Friday. Guggenheim upped their price target on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Finally, Canaccord Genuity Group reduced their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $374.29.
View Our Latest Report on MongoDB
MongoDB Trading Down 23.9 %
NASDAQ:MDB traded down $73.94 on Friday, hitting $236.06. 10,987,897 shares of the stock were exchanged, compared to its average volume of 1,105,161. The stock has a fifty day moving average of $353.32 and a 200-day moving average of $390.77. The stock has a market cap of $17.19 billion, a PE ratio of -84.01 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a fifty-two week low of $225.25 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, equities analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.
MongoDB Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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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.
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If a company’s CEO, COO, and CFO were all selling shares of their stock, would you want to know?
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MongoDB (NASDAQ:MDB – Free Report) had its price objective trimmed by Morgan Stanley from $455.00 to $320.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.
A number of other brokerages also recently weighed in on MDB. KeyCorp cut their price target on shares of MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. Stifel Nicolaus restated a buy rating and set a $435.00 target price on shares of MongoDB in a report on Thursday, March 14th. Tigress Financial raised their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a buy rating in a report on Thursday, March 28th. Guggenheim raised their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a sell rating in a report on Monday, March 4th. Finally, Piper Sandler dropped their target price on shares of MongoDB from $480.00 to $350.00 and set an overweight rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, MongoDB has an average rating of Moderate Buy and an average target price of $374.29.
View Our Latest Stock Analysis on MongoDB
MongoDB Stock Performance
MongoDB stock opened at $236.06 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB has a 1 year low of $225.25 and a 1 year high of $509.62. The company has a market cap of $17.19 billion, a PE ratio of -84.01 and a beta of 1.19. The company’s 50-day moving average is $353.32 and its two-hundred day moving average is $390.77.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. Equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current year.
Insider Transactions at MongoDB
In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 17,160 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. abrdn plc grew its position in shares of MongoDB by 46.0% during the 3rd quarter. abrdn plc now owns 22,803 shares of the company’s stock worth $7,887,000 after buying an additional 7,188 shares during the period. Metis Global Partners LLC grew its position in shares of MongoDB by 7.3% during the 3rd quarter. Metis Global Partners LLC now owns 1,950 shares of the company’s stock worth $674,000 after buying an additional 133 shares during the period. Chartwell Investment Partners LLC acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $1,611,000. Qsemble Capital Management LP acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $252,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in MongoDB by 52.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,336 shares of the company’s stock valued at $1,846,000 after acquiring an additional 1,846 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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MongoDB (NASDAQ:MDB – Free Report) had its price target cut by Piper Sandler from $480.00 to $350.00 in a report issued on Friday, Benzinga reports. They currently have an overweight rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. Guggenheim upped their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a sell rating in a report on Monday, March 4th. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Needham & Company LLC dropped their target price on shares of MongoDB from $465.00 to $290.00 and set a buy rating on the stock in a research note on Friday. Tigress Financial increased their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a buy rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus restated a buy rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $374.29.
Check Out Our Latest Stock Report on MongoDB
MongoDB Price Performance
Shares of NASDAQ MDB opened at $236.06 on Friday. MongoDB has a 1 year low of $225.25 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The company’s 50-day moving average is $353.32 and its 200 day moving average is $390.77. The stock has a market capitalization of $17.19 billion, a P/E ratio of -84.01 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. On average, sell-side analysts expect that MongoDB will post -2.53 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now owns 523,896 shares in the company, valued at $190,179,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the sale, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the sale, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock worth $16,514,071 over the last 90 days. 3.60% of the stock is owned by insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its holdings in MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock valued at $559,000 after buying an additional 805 shares in the last quarter. Cetera Investment Advisers increased its position in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the period. Atria Investments Inc grew its position in shares of MongoDB by 1.2% in the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after buying an additional 39 shares during the last quarter. Swedbank AB purchased a new position in shares of MongoDB in the 1st quarter worth approximately $91,915,000. Finally, LRI Investments LLC purchased a new position in shares of MongoDB in the 1st quarter worth approximately $106,000. Institutional investors own 89.29% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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
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MongoDB (NASDAQ:MDB – Free Report) had its price objective trimmed by Oppenheimer from $480.00 to $300.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.
MDB has been the subject of several other reports. Redburn Atlantic reiterated a sell rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Loop Capital initiated coverage on MongoDB in a report on Tuesday, April 23rd. They set a buy rating and a $415.00 target price on the stock. Needham & Company LLC decreased their price target on MongoDB from $465.00 to $290.00 and set a buy rating on the stock in a report on Friday. Bank of America decreased their price target on MongoDB from $500.00 to $470.00 and set a buy rating on the stock in a report on Friday, May 17th. Finally, Mizuho cut their target price on MongoDB from $380.00 to $250.00 and set a neutral rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $374.29.
Get Our Latest Stock Analysis on MongoDB
MongoDB Stock Performance
Shares of NASDAQ MDB opened at $236.06 on Friday. The business has a fifty day simple moving average of $353.32 and a 200 day simple moving average of $390.77. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of -84.01 and a beta of 1.19. MongoDB has a one year low of $225.25 and a one year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Sell-side analysts expect that MongoDB will post -2.53 EPS for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares in the company, valued at approximately $190,179,486.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold a total of 46,802 shares of company stock worth $16,514,071 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. abrdn plc boosted its stake in MongoDB by 46.0% in the 3rd quarter. abrdn plc now owns 22,803 shares of the company’s stock valued at $7,887,000 after purchasing an additional 7,188 shares during the period. Metis Global Partners LLC boosted its stake in MongoDB by 7.3% in the 3rd quarter. Metis Global Partners LLC now owns 1,950 shares of the company’s stock valued at $674,000 after purchasing an additional 133 shares during the period. Chartwell Investment Partners LLC bought a new stake in MongoDB in the 3rd quarter valued at $1,611,000. Qsemble Capital Management LP bought a new stake in MongoDB in the 3rd quarter valued at $252,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in MongoDB by 52.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,336 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,846 shares during the period. 89.29% of the stock is currently owned by institutional investors.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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