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Royal London Asset Management Ltd. lifted its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,731 shares of the company’s stock after purchasing an additional 60 shares during the period. Royal London Asset Management Ltd.’s holdings in MongoDB were worth $6,682,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MDB. Norges Bank acquired a new position in shares of MongoDB during the 4th quarter worth about $326,237,000. Jennison Associates LLC boosted its holdings in shares of MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after buying an additional 551,567 shares during the period. Swedbank AB boosted its holdings in shares of MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after buying an additional 400,705 shares during the period. Axiom Investors LLC DE bought a new stake in shares of MongoDB during the 4th quarter worth about $153,990,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after buying an additional 232,101 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.
In other MongoDB news, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the transaction, the director now directly owns 13,011 shares in the company, valued at approximately $2,919,408.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the sale, the director now directly owns 13,011 shares in the company, valued at $2,919,408.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares in the company, valued at $4,564,560. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,179 shares of company stock worth $8,346,169. 3.60% of the stock is currently owned by company insiders.
Several analysts recently commented on the stock. Citigroup lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Stifel Nicolaus lifted their target price on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Mizuho boosted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Bank of America boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $337.56.
Check Out Our Latest Stock Report on MongoDB
MDB stock opened at $290.09 on Friday. The company has a 50 day simple moving average of $255.85 and a 200 day simple moving average of $304.22. The stock has a market cap of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.63) EPS. Research analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
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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Allen Investment Management LLC grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,428 shares of the company’s stock after purchasing an additional 12,698 shares during the quarter. Allen Investment Management LLC owned about 0.17% of MongoDB worth $31,602,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MDB. Vanguard Group Inc. lifted its stake in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Atalanta Sosnoff Capital LLC lifted its stake in shares of MongoDB by 24.7% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after acquiring an additional 10,753 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of MongoDB in the 4th quarter valued at $10,545,000. Prudential PLC lifted its stake in shares of MongoDB by 2.4% in the 4th quarter. Prudential PLC now owns 21,169 shares of the company’s stock valued at $8,655,000 after acquiring an additional 489 shares during the last quarter. Finally, Bornite Capital Management LP bought a new position in shares of MongoDB in the 4th quarter valued at $6,133,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
In other news, CAO Thomas Bull sold 1,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at $4,589,041.58. The disclosure for this sale can be found here. Insiders sold 33,179 shares of company stock worth $8,346,169 in the last three months. Corporate insiders own 3.60% of the company’s stock.
Shares of NASDAQ:MDB traded down $5.09 during mid-day trading on Friday, reaching $290.09. The company had a trading volume of 1,154,127 shares, compared to its average volume of 1,501,590. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $255.85 and its 200-day moving average price is $304.22.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same period in the previous year, the business earned ($0.63) EPS. MongoDB’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
A number of research analysts have recently commented on MDB shares. Needham & Company LLC increased their price target on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Oppenheimer increased their price objective on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Bank of America increased their price objective on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Morgan Stanley increased their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, Robert W. Baird decreased their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $337.56.
View Our Latest Stock Analysis on MDB
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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Victory Capital Management Inc. lowered its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,721 shares of the company’s stock after selling 310 shares during the period. Victory Capital Management Inc. owned about 0.08% of MongoDB worth $14,678,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the fourth quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp boosted its holdings in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB during the 2nd quarter worth approximately $35,000. Finally, YHB Investment Advisors Inc. acquired a new position in shares of MongoDB during the first quarter valued at approximately $41,000. 89.29% of the stock is owned by hedge funds and other institutional investors.
In related news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the completion of the transaction, the director now directly owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 33,179 shares of company stock valued at $8,346,169 in the last quarter. Corporate insiders own 3.60% of the company’s stock.
NASDAQ MDB opened at $290.09 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market cap of $21.28 billion, a P/E ratio of -103.23 and a beta of 1.15. The stock has a 50-day moving average of $255.85 and a two-hundred day moving average of $304.22. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the business earned ($0.63) EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current year.
MDB has been the subject of several research reports. Piper Sandler boosted their price target on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Bank of America boosted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Barclays decreased their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Canaccord Genuity Group dropped their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Finally, Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $337.56.
Check Out Our Latest Stock Report on 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.
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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The Indian Institute of Management (IIM) Bodh Gaya has entered into a Memorandum of Understanding (MoU) with the Bihar Transport Department to provide training aimed at enhancing the management and leadership skills of its officials. This initiative will cover a range of personnel, including Additional District Transport Officers (ADTO), Motor Vehicle Inspectors (MVI), and Enforcement Sub-Inspectors (ESI). The training will be conducted in phases, with each batch participating in a six-day residential program hosted at IIM Bodh Gaya.
Transport Secretary Shri Sanjay Kumar Agarwal explained that the partnership seeks to improve the department’s work culture, office management, and revenue generation while also contributing to better transport services and reducing road accidents. He emphasised that the training will introduce modern management techniques to enhance the efficiency and effectiveness of transport officials.
Dr. Vinita Sahay, Director of IIM Bodh Gaya, highlighted that the program would focus on leadership and skill development to enable transport officials to perform their duties with greater competence. Transport Minister Sheela Kumari also expressed her support, stating that the initiative is a significant step toward strengthening the department’s commitment to improving transport services in the state.
Also Read: IIT Ropar, Excelsoft Collaborate on AI-Focused EdTech Lab
The Bihar Transport Department oversees road transport services, traffic regulation, and vehicle compliance, prioritising safety and citizen-centric governance. The training program is expected to sharpen decision-making abilities and assist officials in better data analysis and strategising, especially in efforts to reduce road accidents.
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Many thanks to USENIX for publishing their outstanding USENIX Security ’23 Presenter’s content, and the organizations strong commitment to Open Access. Originating from the conference’s events situated at the Anaheim Marriott; and via the organizations YouTube channel.
*** This is a Security Bloggers Network syndicated blog from Infosecurity.US authored by Marc Handelman. Read the original post at: https://www.youtube-nocookie.com/embed/A3Kw3qhN3OI?si=xLh_giLwESbUP9yJ
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The team at Datanised are turning heads with its PRO+ managed service, aiming to provide competitive around-the-clock support for NoSQL databases and a range of benefits that have gained the trust of clients globally.
Datanised said enterprises are often caught in the conundrum of having to increase their IT side while keeping costs as low as possible. Datanised intends to helps its clients reach both goals with its cost-effective, effective solutions that offer comprehensive database management across multiple databases including ScyllaDB, Aerospike, MongoDB, Cassandra, Elasticsearch, and more.
The company stressed it suite of solutions covers clients for the entire life cycle of their data stack with 24/7 continuous monitoring and support to ensure problems are solved before they negatively impact the client’s enterprise. As part of this continuous monitoring, the Datanised team fine tunes database and architecture settings as needed to ensure the fastest query speeds possible, reduced latency, and elevated overall performance.
Datanised emphasised its solutions are delivered with cost-effectiveness in mind. With their team managing NoSQL databases, clients save on the costs associated with doing such themselves when it comes to hiring and training in-house employees.
Datanised leverages open source technology to eliminate licence costs, and PRO+ managed service pricing is tailored to the needs of the client to ensure they only pay for what they need.
Datanised also aligns with compliance, providing the services clients need to meet regulatory compliance set forth by various entities. This ensures the risk of legal and financial penalties are highly reduced. The company intends to pave the way for better managed data stack solutions, offering services that are tailored to the needs of each client.
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Analysis It is 1996 in terms of the business adoption of AI if it were put on the dotcom era timeline, according to MongoDB CEO Dev Ittycheria.
Speaking to investors at a Goldman Sachs event earlier this week, the boss of the NoSQL database company argued the tech industry was still early in the rise of AI, a development which – we’re all told – will transform business and enterprise technology.
“I believe that AI is not a question of if, but when. I view the world we’re in today [compared with] circa 1996, maybe 1997. Netscape was just launched a couple of years earlier. People were excited about the web, but the web was still very basic, static web pages, and it wasn’t that interesting. People [were] starting businesses on the internet, maybe Amazon, eBay and a few others, but you weren’t seeing a plethora of companies exploding onto the market,” he said.
“I think in some ways, we’re kind of at the same stage with the AI era,” Ittycheria said.
The CEO’s view on the trajectory of the AI boom is not in line with that of other observers.
In its Hype Cycle for Emerging Technologies, 2024 edition, released last month, analyst company Gartner said GenAI is about to enter the dreaded “trough of disillusionment.” Arun Chandrasekaran, Gartner distinguished VP analyst, told The Register at the time that expectations and hype around GenAI were “enormously high,” but maintained it would have a “long term impact.”
Meanwhile, ServiceNow chief financial officer Gina Mastantuono admitted last week there may be a spending bubble surrounding GenAI.
Enterprises are also struggling with the business case for GenAI projects more than a year after the boom started, global datacenter and colocation provider Equinix recently found.
MongoDB’s Ittycheria told investors at the Goldman Sachs event there are three groups of use cases for GenAI at the moment: chatbots, research, and summarization and automation.
Quite where we are on the analogy with the dotcom boom and bust remains open to question. The CEO is correct in saying that as of 1996, Netscape Navigator – the browser which quickly dominated the nascent worldwide web – was a couple of years old, more or less. Amazon and eBay had also been formed in the previous two years.
Of course, the early dotcom era didn’t end well. In early 2000, the Nasdaq Composite stock market index peaked after gaining 400 percent in the previous five years. It then went into a thundering crash, losing nearly two-thirds of its value in a year.
Whether we’re heading for the same kind of crash, Ittycheria did not say. Still, he maintained people tend to “overestimate the impact of a new platform or technology in the short term but underestimate it in the long term.”
Nonetheless, it could well be a bumpy ride, even if any dramatic changes for the worse are still five years off. In 2001, networking giant Cisco wrote off $2.2 billion in inventory owing to stalled spending during the dotcom crash.
If you’re making the picks and shovels for the current AI gold rush, the tough call is going to be figuring out when to stop. ®
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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said IonQ, Inc. IONQ is losing “too much money.”
On Aug. 7, IonQ said its second-quarter revenue increased 106% year-over-year to $11.4 million. The quantum computing company reported a quarterly loss of $37.6 million, or 18 cents per share, and an adjusted EBITDA loss of $23.7 million.
Garmin Ltd. GRMN is going higher, Cramer said. “They have unbelievable fishing equipment. I’ve got to tell you, Garmin is the real deal.”
On July 31, Garmin reported fiscal second-quarter 2024 revenue growth of 14% year-on-year to $1.51 billion, beating the analyst consensus estimate of $1.41 billion.
Cramer said CommScope Holding Company, Inc. COMM has been on a “real tear” and he doesn’t know the reason behind that.
On Sept. 3, Nokia disclosed a collaboration with CommScope’s RUCKUS Networks to develop a solution for seamless in-building and campus-wide connectivity.
The “Mad Money” host said MongoDB, Inc. MDB is at the “right price.”
On Aug. 29, MongoDB reported better-than-expected second-quarter financial results and issued strong guidance. MongoDB reported quarterly earnings of 70 cents per share, which beat the analyst consensus estimate of 49 cents by 42.86%. Quarterly sales came in at $478.1 million, which beat the consensus estimate by 3.03% and represents growth of 12.82% from the same period last year.
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Prudential PLC cut its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 90.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,209 shares of the company’s stock after selling 20,704 shares during the quarter. Prudential PLC’s holdings in MongoDB were worth $552,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of MongoDB during the 4th quarter valued at about $326,237,000. Jennison Associates LLC boosted its position in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after buying an additional 551,567 shares in the last quarter. Swedbank AB boosted its position in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares in the last quarter. Axiom Investors LLC DE acquired a new position in MongoDB in the fourth quarter valued at about $153,990,000. Finally, Clearbridge Investments LLC boosted its position in MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after buying an additional 232,101 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
MongoDB stock opened at $295.18 on Friday. The stock has a market capitalization of $21.80 billion, a PE ratio of -105.05 and a beta of 1.15. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $255.38 and a 200-day moving average of $305.33.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.63) earnings per share. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
In related news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total transaction of $263,422.12. Following the completion of the transaction, the director now owns 13,011 shares in the company, valued at $2,919,408.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the transaction, the director now directly owns 13,011 shares of the company’s stock, valued at $2,919,408.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the completion of the transaction, the director now directly owns 20,020 shares in the company, valued at $4,564,560. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,179 shares of company stock worth $8,346,169. 3.60% of the stock is owned by insiders.
MDB has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Loop Capital reduced their target price on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. JMP Securities reiterated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research report on Friday, August 30th. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd. Finally, Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.
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
Posted on mongodb google news. Visit mongodb google news
MongoDB is significantly expanding its MongoDB for Academia initiative in India by partnering with the All India Council for Technical Education (AICTE), under the Ministry of Education, and leveraging the SmartBridge SmartInternz learning platform. This collaboration aims to equip over 150,000 Indian students with virtual internships and the skills needed to use MongoDB Atlas, the leading multi-cloud developer data platform.
The expansion also includes a new partnership with GeeksforGeeks, a popular platform for computer science resources in India. Through this collaboration, the MongoDB Developer Learning Path will be accessible to all of GeeksforGeeks’ 25 million registered users, offering them the tools and knowledge needed to develop modern, AI-powered applications.
Empowering the Next Generation of Developers:
Launched in September 2023, MongoDB for Academia in India offers student training, educator resources, free MongoDB technology credits, and certifications to help individuals launch careers in tech. This initiative addresses the skills gap in India, where many companies struggle to find developers proficient in building modern applications and utilizing emerging technologies like generative AI.
According to the National Association of Software and Service Companies (NASSCOM), India’s tech sector will need over a million engineers with advanced AI and other tech skills in the next three years. By 2028, the demand for digital roles is expected to reach six million, while the available talent pool is projected to be only 4.7 million. This discrepancy highlights the urgent need for industry-academia collaboration to upskill students and educators, ensuring the Indian workforce can meet the needs of the nation’s rapidly growing economy.
Aligning with the Skill India Initiative:
MongoDB’s partnership with AICTE and SmartBridge’s SmartInternz platform aligns with the Indian government’s Skill India Initiative, focusing on providing full-stack development skills to over 150,000 students. The program includes 60 hours of experiential learning through hands-on bootcamps, courses, project work, and simulated corporate environments. This approach allows students to apply their skills, collaborate with peers, and receive mentorship.
“We’ve seen great interest in modern database technologies like MongoDB on our platform. Our goal is to equip students with knowledge of in-demand technologies, making them job-ready candidates for India’s organizations,” said Amarender Katkam, Founder and CEO of SmartBridge and SmartInternz.
Impressive Progress and Future Goals:
Over the past year, MongoDB for Academia has made significant progress toward its goal of upskilling 500,000 students. The program has already partnered with over 200 educational institutions and various government and private organizations, onboarded hundreds of educators, and trained more than 100,000 students who have completed over 450,000 hours of learning.
In addition to the AICTE partnership, MongoDB is expanding its reach through its collaboration with GeeksforGeeks, which will syndicate full-stack development courses to learners both online and offline across India. The MongoDB Developer Learning Path will soon be available to all GeeksforGeeks users, expected to reach more than 100,000 aspiring developers.
“India loves developers, and so does MongoDB. I’m incredibly proud of our MongoDB for Academia team’s efforts to empower Indian developers and support the next generation of tech talent,” said Sachin Chawla, Area Vice President, India at MongoDB.
For more information on MongoDB for Academia, visit mongodb.com/academia.
MongoDB Developer Data Platform:
MongoDB Atlas is the leading multi-cloud developer data platform designed to accelerate and simplify data-driven application development. It offers a unified environment with integrated data and application services, enabling developer teams to build modern applications with the performance, capabilities, and scale required for success.
Disclaimer: Portions of this content were enhanced with the assistance of ChatGPT.
Article originally posted on mongodb google news. Visit mongodb google news
