Month: September 2024
MMS • Ben Linders
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Resolving impediments to flow and removing unnecessary sources of cognitive load can make culture issues disappear in organisations, Nigel Kersten argued. Start with a clear strategy that is easy to communicate, then follow the path to creating stream-aligned teams and platform teams, he suggested.
Nigel Kersten spoke about enabling fast flow in software organizations at FlowCon France 2024.
For a long time, DevOps was useful just to make it clear that you wanted to change the traditional relationship between the teams that built software, and the teams that were responsible for maintaining and running that software, and that you wanted to implement more sophisticated automation, however Kersten says he doesn’t believe that’s the case anymore.
He advised not to focus on “fostering culture” or “fostering DevOps” as a primary goal. Instead, focus on improving fast flow and low cognitive load for your teams involved in software delivery. As you resolve impediments to flow and unnecessary sources of cognitive load, then the “cultural” issues will start to disappear, he argued:
Delivery will become increasingly more predictable, friction between teams will be reduced, and teams will have more time to invest in new skills, automating processes, and implementing self-service interfaces, all of which will continue to free up more time to create an environment of continuous improvement.
Technological improvements like containers, VMs, infrastructure-as-code, software-defined-networking, collaborative version control, and CI/CD can make it possible to fix cultural issues around organisational dynamics and bad product delivery, as Kersten explained in how technology can drive culture change in software organisations.
One of the primary drivers of the early DevOps movement was a complete lack of alignment between the people who built software, and the people who were responsible for running it in production, so we all spent a lot of time focusing on ways to increase collaboration in order to improve software delivery, Kersten said. This was great, but over time collaboration itself started to become the goal, and that’s just not a productive way to run a software organisation, he added.
Kersten referred to Team Topologies and the increased emphasis on platform engineering that we’ve seen emerge over the last few years, which both recognise that collaborative interactions are not universally appropriate:
Collaboration between functions like development and security is great at the design phase for a new product, but the goal should be to move towards X-as-a-service interactions and minimise collaboration over time.
Before you start hunting around for an internal developer platform solution, or reorganising people into stream-aligned teams, make sure that you have a clearly defined strategy that is easy to communicate, Kersten explained:
First, this is more important to get right than your organisation structure and platform team adoption, and secondly, it’s necessary in order to define the right value streams, decide whether you should have a platform team, and define the high-level goals for success.
Kersten referred to the book Good Strategy, Bad Strategy and the model used to define a strategy: a diagnosis of the situation, some guiding principles for addressing the situation, and a set of concrete actions. Strategy without an action plan is just a vision statement, he said.
If you’ve got your strategy and actions in place, then the path to creating stream-aligned teams and platform teams will be reasonably obvious, Kersten concluded. He suggested focusing on creating and amplifying feedback loops, both internal, and external:
Ask yourself: are your developers able to experiment quickly, and share those experiments easily with colleagues and stakeholders? Are your stream-aligned teams aware of upcoming changes to the platform itself? Does your platform team treat their stream-aligned teams as customers? Do they do product discovery and user research to guide their roadmap?
If the answer to these questions is no, then focus on removing whatever barriers are in the way of a fast feedback loop and user outcome-driven culture, Kersten concluded.
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Headlands Technologies LLC acquired a new position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,488 shares of the company’s stock, valued at approximately $622,000.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after buying an additional 194,148 shares during the period. Atalanta Sosnoff Capital LLC raised its holdings in MongoDB by 24.7% during the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock valued at $22,205,000 after buying an additional 10,753 shares during the period. Fiera Capital Corp raised its holdings in MongoDB by 0.8% during the 4th quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock valued at $91,702,000 after buying an additional 1,695 shares during the period. Artisan Partners Limited Partnership purchased a new stake in MongoDB in the fourth quarter worth $10,545,000. Finally, Prudential PLC increased its stake in MongoDB by 2.4% in the fourth quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after purchasing an additional 489 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.
MongoDB Stock Down 0.5 %
NASDAQ MDB traded down $1.51 during trading on Thursday, hitting $295.18. The company’s stock had a trading volume of 922,180 shares, compared to its average volume of 1,503,565. 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 $21.80 billion, a PE ratio of -105.67 and a beta of 1.15. The business’s 50 day simple moving average is $254.78 and its 200-day simple moving average is $305.40. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) earnings per share. On average, equities analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. UBS Group increased their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a research note on Friday, August 30th. Oppenheimer increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley increased their target price on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $337.56.
View Our Latest Stock Report on MongoDB
Insiders Place Their Bets
In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,179 shares of company stock valued at $8,346,169. 3.60% of the stock is currently owned by corporate insiders.
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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While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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National Bank of Canada FI reduced its stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 72.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,243 shares of the company’s stock after selling 19,254 shares during the period. National Bank of Canada FI’s holdings in MongoDB were worth $1,909,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in MDB. Norges Bank bought a new position in shares of MongoDB during the fourth quarter valued at approximately $326,237,000. Jennison Associates LLC boosted its stake in shares of MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Swedbank AB boosted its stake in shares of MongoDB by 156.3% during the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Axiom Investors LLC DE bought a new position in shares of MongoDB during the fourth quarter valued at approximately $153,990,000. Finally, Clearbridge Investments LLC boosted its stake in shares of MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after purchasing an additional 232,101 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on MDB shares. Scotiabank increased their price objective on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Robert W. Baird dropped their price objective on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. UBS Group raised their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.
Get Our Latest Stock Report on MDB
Insider Buying and Selling at MongoDB
In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $245.00, for a total transaction of $245,000.00. Following the completion of the sale, the director now owns 1,146,003 shares in the company, valued at approximately $280,770,735. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,179 shares of company stock valued at $8,346,169. Corporate insiders own 3.60% of the company’s stock.
MongoDB Trading Up 1.8 %
Shares of MongoDB stock opened at $296.69 on Thursday. 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 firm has a fifty day moving average price of $254.78 and a 200 day moving average price of $305.40. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a market cap of $21.92 billion, a PE ratio of -105.58 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the company posted ($0.63) earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that MongoDB, Inc. will post -2.46 earnings per share for the current 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
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 transaction was executed under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks at a specific time. This can help executives avoid accusations of insider trading by selling shares at predetermined times and prices, regardless of any non-public information they may have.
Following the sale, Thomas still holds a significant number of shares in the company, with 16,222 shares of MongoDB’s Class A Common Stock remaining in his possession. This indicates a continued investment in the company’s future despite the recent sale.
MongoDB has not made any additional comments regarding the transaction. Investors often monitor insider sales as they may provide insights into an executive’s view of the company’s current valuation or potential future performance. However, it is also not uncommon for executives to sell shares for personal financial reasons that are not related to their outlook on the company.
As with any insider transaction, investors are encouraged to consider the context of the sale and to look at the company’s performance and potential as part of their broader investment strategy.
In other recent news, MongoDB has been the subject of several positive analyst reviews following its strong second quarter performance. DA Davidson, KeyBanc Capital Markets, and Oppenheimer have all raised their price targets for MongoDB, reflecting the company’s robust performance and business stabilization. MongoDB’s Q2 results showcased a 13% year-over-year revenue increase, totaling $478 million, largely driven by the success of its Atlas (NYSE:ATCO) and Enterprise Advanced offerings. The company added more than 1,500 new customers during the quarter, bringing its total customer base to over 50,700. Looking ahead, MongoDB’s management anticipates Q3 revenue to be between $493 million to $497 million, with full fiscal year 2025 revenue projected to be between $1.92 billion to $1.93 billion. These projections are based on MongoDB’s recent performance and the analyst firms’ expectations. The company’s updated guidance for fiscal year 2025 was also a contributing factor to the analysts’ revised outlook. Despite management not adjusting their consumption growth forecast for the second half of fiscal year 2025, the analysts suggest that a repeat of the second fiscal quarter’s consumption growth could lead to further upside.
MongoDB, Inc.’s (NASDAQ:MDB) recent insider stock sale by Chief Accounting Officer Bull Thomas has drawn attention to the company’s financial health and future prospects. The InvestingPro platform provides in-depth analysis and metrics that can offer additional insight into MongoDB’s position in the market.
One of the key InvestingPro Tips for MongoDB is the company’s strong liquidity position, as it holds more cash than debt on its balance sheet. This is a positive sign for investors, indicating that the company has a solid financial foundation and resilience in managing its capital structure. Additionally, analysts have revised their earnings upwards for the upcoming period, which suggests optimism about MongoDB’s earning potential in the near future.
From the real-time data available on InvestingPro, MongoDB has a market capitalization of $21.95 billion, reflecting its significant presence in the industry. Despite a negative P/E ratio of -97.93, which indicates that the company is not currently profitable, there is an expectation of growth, with a revenue increase of 22.37% over the last twelve months as of Q1 2023.
Investors may also note the company’s price performance, with a strong return over the last month of 24.09% and over the last three months of 30.25%. This recent uptick could be a signal to some investors of potential momentum, despite the past year’s overall negative return of -26.07%.
For those interested in further insights and tips, InvestingPro offers additional analysis and metrics for MongoDB, which can be found at: https://www.investing.com/pro/MDB. There are currently 12 more InvestingPro Tips available that provide a comprehensive view of the company’s financial health and market performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Thomas Bull also recently made the following trade(s):
- On Tuesday, July 2nd, Thomas Bull sold 138 shares of MongoDB stock. The stock was sold at an average price of $265.29, for a total value of $36,610.02.
MongoDB Trading Up 1.8 %
Shares of NASDAQ:MDB traded up $5.20 on Wednesday, hitting $296.69. 1,123,702 shares of the company’s stock were exchanged, compared to its average volume of 1,506,879. The business’s 50 day simple moving average is $254.14 and its two-hundred day simple moving average is $305.46. 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 stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of -103.73 and a beta of 1.15. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.
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, 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 firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.63) EPS. Analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MDB. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Loop Capital dropped their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. DA Davidson lifted their target price on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America increased their price target on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Scotiabank lifted their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MDB. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after buying an additional 68,348 shares during the period. Jennison Associates LLC increased its position in MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the period. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at about $326,237,000. Swedbank AB lifted its position in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the period. Finally, Champlain Investment Partners LLC increased its holdings in MongoDB by 22.4% during the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after buying an additional 100,725 shares during the period. 89.29% of the stock is currently owned by hedge funds and other 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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
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MongoDB Inc (NASDAQ:MDB), a leading database platform provider, saw a notable insider transaction recently. Thomas Bull, the Chief Accounting Officer, sold 1,000 shares of the company on September 9, 2024. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 16,222 shares of MongoDB Inc.
MongoDB Inc is known for its general purpose, document-based, distributed database built for modern application developers and for the cloud era. This technology is widely recognized for its capabilities to manage large scale databases flexibly and efficiently.
On the day of the sale, shares of MongoDB Inc were priced at $282.89, valuing the company with a market cap of approximately $21.93 billion. This valuation places the company in a significant position within the tech sector, reflecting its substantial market influence and financial stability.
The sale by Thomas Bull is part of a broader trend of insider transactions at MongoDB Inc. Over the past year, there have been 60 insider sells and no insider buys. The insider, Thomas Bull, has sold a total of 1,826 shares over the past year and has not purchased any shares.
Regarding the company’s valuation metrics, MongoDB Inc currently shows a price-to-GF Value ratio of 0.63, indicating that the stock is Significantly Undervalued according to GuruFocus’s GF Value calculation. The GF Value is a proprietary measure reflecting expected performance and historical trading multiples.
The GF Value of $450.20 suggests a potential for price increase if the market adjusts to the intrinsic value calculated by GuruFocus. This valuation is supported by historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with adjustments based on past performance and future business expectations.
This insider sale might draw attention from investors monitoring insider behaviors as indicators of company health and future stock performance. The ongoing sales by insiders, coupled with the company’s current valuation status, could influence investor sentiment and market movements related to MongoDB Inc’s shares.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
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MongoDB Partners with AICTE to Upskill 500,000 Indian Students in Modern Application …
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To address this challenge, MongoDB for Academia is partnering with the All Council for Technical Education (AICTE), the Indian government’s authority for the management of technical education, and the edtech platform SmartBridge to launch a virtual internship program through the SmartInternz platform. Aligned with the government’s Skill India Initiative, the program aims to provide full-stack development skills to over 150,000 students. Each internship will include 60 hours of experiential learning, hands-on bootcamps, courses, and project work, as well as simulated corporate environments where students can apply their learned skills, collaborate with peers, and receive mentorship.
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MongoDB MDB shares have plunged 28.7% year to date, underperforming the Zacks Computer and Technology sector’s growth of 13.6%, raising questions about whether this presents a buying opportunity for investors. This significant decline comes amid broader market volatility and shifting sentiment toward growth-oriented technology stocks.
MongoDB, known for its popular NoSQL database platform, has been a darling of the tech industry since its IPO in 2017. The company’s innovative approach to data management has attracted a wide range of customers, from startups to Fortune 500 companies.
Although the slump presents a potential entry point for investors who believe in the company’s long-term prospects, the combination of strong financial performance, market leadership in NoSQL databases and favorable industry trends make a compelling case for considering MongoDB stock at its current levels.
MongoDB, Inc. Price and Consensus
MongoDB, Inc. price-consensus-chart | MongoDB, Inc. Quote
Atlas Drives MDB’s AI and Cloud Database Dominance
MongoDB’s cloud-based Atlas platform has emerged as the driving force behind the company’s growth strategy, demonstrating remarkable resilience in challenging economic conditions. In the second quarter of fiscal 2025, Atlas cloud database service revenues jumped 37% year over year, accounting for 71% of MongoDB’s total revenues. This impressive growth underscores the increasing shift toward cloud-based database solutions and Atlas’ dominant position in MDB’s portfolio.
The platform’s success is evident in its growing adoption among enterprise clients, exemplified by its partnership with Bendigo and Adelaide Bank for core banking technology modernization. Product innovation remains crucial to Atlas’ continued success, with the introduction of MongoDB Atlas Vector Search addressing the rising demand for AI-powered database solutions. This feature, which simplifies the integration of generative AI and semantic search capabilities, is expected to enhance customer satisfaction, engagement and retention rates.
Strategic partnerships with major cloud providers have played a pivotal role in Atlas’ expansion. MongoDB has extended Atlas’ global reach to 118 cloud regions across key providers, including Alphabet GOOGL-owned Google Cloud, Amazon AMZN-owned Amazon Web Services (“AWS”) and Microsoft MSFT Azure. This broad availability caters to diverse customer requirements for data residency, availability and low latency.
The company’s commitment to AI innovation is further demonstrated by the general availability of the MongoDB AI Applications Program (MAAP). This initiative brings together an ecosystem of tech leaders and AI innovators to offer an end-to-end AI technology stack, facilitating rapid development and deployment of AI applications for organizations eager to adopt this technology.
MongoDB’s strong market position is reinforced by recent accolades, including being named AWS’ Technology Partner of the Year in Taiwan and Global Software Partner of the Year in ASEAN. The company’s Atlas for Government platform now supports Google Cloud’s Assured Workloads, making it the first fully managed multi-cloud data platform authorized at FedRAMP Moderate.
As businesses continue their digital transformation journeys, MongoDB’s developer-friendly approach and ability to handle diverse data types position it well to meet evolving needs, potentially driving long-term growth in the NoSQL database market.
MDB’s Fiscal 2025 Outlook
MongoDB expects total revenues between $1.92 billion and $1.93 billion for fiscal 2025. The Zacks Consensus Estimate for revenues is pegged at $1.92 billion, indicating year-over-year growth of 14.28%.
Non-GAAP earnings per share are expected in the range of $2.33-$2.47. The consensus mark for fiscal 2025 earnings is pegged at $2.40 per share, up 6.2% in the past 30 days. The figure indicates a 27.9% year-over-year decline. We believe that increasing competition in the database market from both established players and startups raises questions about MongoDB’s premium valuation amid potential margin pressure.
MongoDB is trading at a premium with a forward 12-month P/S of 10.18X compared with the Zacks Internet – Software industry’s 2.47X, reflecting a stretched valuation.
Here’s What Investors Should Do With MDB Stock
While the recent stock performance has been disappointing, the current price could represent a discount on a high-quality tech stock with significant growth potential, making the stock worth buying in the near term. The company’s ability to maintain its growth trajectory in the face of competition will be crucial for its long-term success.
MongoDB’s multi-cloud approach offers customers flexibility in choosing public cloud providers, ensuring a consistent experience across platforms. This strategy aligns with the broader shift toward cloud computing and data-driven decision-making, creating a favorable long-term outlook for MongoDB. MDB currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Over four years since the launch of its current version, the team behind Swift server-side development framework Vapor is making room for Vapor 5, which aims at leveraging Swift 6 concurrency capabilities and laying the foundations for the framework’s future evolution. An initial alpha release is planned to be ready when Swift 6 is officially released.
Among Vapor 5 main goals are native API support for full structured concurrency, the adoption of more modern packages from the Swift ecosystem, and a full rewrite of the WebSocket and the MultipartKit APIs.
Embracing structured concurrency means Vapor 5 is going to ditch the EventLoopFuture which was introduced in Vapor 3 and remains at the foundations of Vapor 4 more recent async/await-based APIs. Instead, Vapor 5 will use structured concurrency from the outset and will not use EventLoopFuture altogether, thus making it easier to reason about code and being friendlier to Xcode’s advanced diagnostics for structured concurrency.
Vapor 5 will also take advantage of a few third-party libraries that have become prominent in recent years, including Swift Service Lifecycle, a library to launch and stop services; Swift HTTP Types, a library that provides a common set of representations for HTTP requests and responses; and a new HTTP server based on Hummingbird, which will bring support for gRPC, async body streaming and SSE. Additionally, Vapor 5 will migrate to Swift Foundation, a lightweight base layer that replaces the Foundation API delivered with iOS and macOS. This will provide consistent behaviour across all platforms and reduce confusion for multi-platform developers, says the Vapor team.
As a final note about Vapor 5, it will introduce new implementations for the WebSocket and MultipartKit APIs. The main limitation in the current MultipartKit implementation is the lack of support for streaming multipart bodies, which can make it hard to work with either very large files or with APIs like NIOFileSystem. This will be solved by the new implementation in Vapor 5. Similarly, the current WebSocket APIs are hard to use in the async-await world, and the new release will provide an updated, easier-to-use API.
Vapor comprises four main components, including a core package aimed at handling routes, JSON encoding/decoding, and managing HTTP requests; Fluent, which allows you to create data models using noSQL databases; JWT, used to create sign and verify JSON Web Tokens in Swift; and Leaf, a template engine to generate HTML from a simplified syntax.
With over 24k stars on GitHub and almost 250 contributors, Vapor seems to be the most popular choice for building HTTP web apps or APIs in Swift.
As mentioned, an early release of Vapor 5 will be available along with Swift 6, focusing on providing a fully async stack and removing all the EventLoopFuture APIs.