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According to the Zhītōng Finance APP, Piper Sandler believes that Adobe (ADBE.US), MongoDB (MDB.US), and Salesforce (CRM.US) are the most worthwhile investment stocks in cloud software.
Piper Sandler analysts led by Brent Bracelin stated: “We recommend large-cap growth investors to take on more risk and increase their position in ‘MAC’.” MAC refers to Adobe, MongoDB, and Salesforce.
Bracelin added: “These are stocks that have underperformed market expectations, with average prices still 26% below their 52-week highs, despite having healthy product and profit catalysts, as well as favorable risk-return profiles.”
After hitting a low point in the second quarter, MongoDB may accelerate its growth in the future. MongoDB’s stock price has already fallen by 29% this year. Piper Sandler believes that as a high-quality database franchise operator, the stock is expected to recover the 29% decline over the next few quarters and reach $335.
Adobe’s situation is similar, and with the benefit of its latest artificial intelligence products, the stock is expected to recover this year.
Piper Sandler pointed out: “The new innovation product cycle is underestimated, which may help revitalize growth.”
Salesforce’s stock price has risen by 9% this year, but has fallen by nearly 5% in the past six months.
Bracelin noted: “We believe Salesforce will rise by 11% to $325, and in a bullish scenario, it could rise by 39% to $405.”
Piper Sandler rates Adobe as “overweight” with a target price of $635; rates Salesforce as “overweight” with a target price of $325; rates MongoDB as “overweight” with a target price of $335
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SG Americas Securities LLC decreased its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 44.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,501 shares of the company’s stock after selling 1,985 shares during the quarter. SG Americas Securities LLC’s holdings in MongoDB were worth $676,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter valued at $25,000. Sunbelt Securities Inc. boosted its position in MongoDB by 155.1% during the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the period. J.Safra Asset Management Corp boosted its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the period. Finally, Quarry LP boosted its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the period. Institutional investors own 89.29% of the company’s stock.
In other news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Cedric Pech sold 302 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares in the company, valued at $8,569,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated 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 owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,896 shares of company stock worth $4,187,260. 3.60% of the stock is owned by company insiders.
Shares of MongoDB stock traded down $1.12 on Monday, hitting $291.74. The company had a trading volume of 55,119 shares, compared to its average volume of 1,448,723. 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 quick ratio of 5.03 and a current ratio of 5.03. The stock has a 50 day moving average of $265.14 and a 200-day moving average of $287.15. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of -104.22 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results 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. The company had revenue of $478.11 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.44 earnings per share for the current year.
A number of equities analysts have commented on MDB shares. Tigress Financial reduced their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating for the company in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. UBS Group boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Scotiabank boosted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. Finally, Needham & Company LLC boosted their target price on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $337.96.
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.
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.
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OpenAI launched the public beta of the Realtime API, offering developers the ability to create low-latency, multimodal voice interactions within their applications. Additionally, audio input/output is now available in the Chat Completions API, expanding options for voice-driven applications. Early feedback highlights limited voice options and response cutoffs, similar to ChatGPT’s Advanced Voice Mode.
The Realtime API enables real-time, natural speech-to-speech interactions using six preset voices, combining speech recognition and synthesis into a single API call. This simplifies the development of fluid conversational applications by streamlining what previously required multiple models.
OpenAI has also extended the capabilities of its Chat Completions API by adding support for audio input and output. This feature is geared towards use cases that do not require the low-latency performance of the Realtime API, allowing developers to send either text or audio inputs and receive responses in text, audio, or both.
In the past, creating voice assistant experiences required using multiple models for different tasks, such as automatic speech recognition, text inference, and text-to-speech. This often resulted in delays and lost nuance. The Realtime API addresses these issues by streamlining the entire process into a single API call, offering faster and more natural conversational capabilities.
The Realtime API is powered by a persistent WebSocket connection, allowing for continuous message exchange with GPT-4o. It also supports function calling, enabling voice assistants to perform tasks such as placing orders or retrieving relevant user data to provide more personalized responses.
Additionally, the community observed that although the API is accessible through the Playground, the available voice options are currently limited to alloy, echo, and shimmer. During testing, users noticed that the responses were subject to the same limitations as ChatGPT’s Advanced Voice Mode. Despite attempts to use detailed system messages, the responses were still cut off, hinting at the involvement of a separate model managing the flow of conversations.
The Realtime API is available in public beta for all paid developers. Audio in the Chat Completions API will be released in the coming weeks. Pricing for the Realtime API includes both text and audio tokens, with audio input priced at approximately $0.06 per minute and audio output at $0.24 per minute.
There have been concerns about how this pricing could impact long-duration interactions. Some developers pointed out that due to the way the model processes conversations, where every response involves revisiting prior exchanges, costs can accumulate quickly. This has led to thoughts about value, especially for extended conversations, given that large language models do not retain short-term memory and must reprocess prior content.
Developers can begin exploring the Realtime API by checking the official documentation and the reference client.
Article originally posted on InfoQ. Visit InfoQ
This week’s Java roundup for October 7th, 2024 features news highlighting: JEP 489, Vector API (Ninth Incubator), and JEP 484, Class-File API, targeted for JDK 24; the release of Apache projects, Tomcat 11.0.0 and Cassandra 5.0.0; the release of EclipseStore 2.0.0; the October 2024 Payara Platform release; and the release of Ktor 3.0.0.
After its review had concluded, JEP 489, Vector API (Ninth Incubator), has been promoted from Proposed to Target to Targeted for JDK 24. This JEP incorporates enhancements in response to feedback from the previous eight rounds of incubation, namely: JEP 469, Vector API (Eighth Incubator), delivered in JDK 23; JEP 460, Vector API (Seventh Incubator), delivered in JDK 22; JEP 448, Vector API (Sixth Incubator), delivered in JDK 21; JEP 438, Vector API (Fifth Incubator), delivered in JDK 20; JEP 426, Vector API (Fourth Incubator), delivered in JDK 19; JEP 417, Vector API (Third Incubator), delivered in JDK 18; JEP 414, Vector API (Second Incubator), delivered in JDK 17; and JEP 338, Vector API (Incubator), delivered as an incubator module in JDK 16. Originally slated to be a re-incubation by reusing the original Incubator status, it was decided to keep enumerating. The Vector API will continue to incubate until the necessary features of Project Valhalla become available as preview features. At that time, the Vector API team will adapt the Vector API and its implementation to use them, and will promote the Vector API from Incubation to Preview.
After its review had concluded, JEP 484, Class-File API, has been promoted from Proposed to Target to Targeted for JDK 24. This JEP proposes to finalize this feature in JDK 24 after two rounds of preview, namely: JEP 466, Class-File API (Second Preview), delivered in JDK 23; and JEP 457, Class-File API (Preview), delivered in JDK 22. This feature provides an API for parsing, generating, and transforming Java class files. This will initially serve as an internal replacement for ASM, the Java bytecode manipulation and analysis framework, in the JDK with plans to have it opened as a public API. Goetz has characterized ASM as “an old codebase with plenty of legacy baggage” and provided background information on how this feature will evolve and ultimately replace ASM.
JEP 490, ZGC: Remove the Non-Generational Mode, was promoted from its JEP Draft 8335850 to Candidate status. This JEP proposes to remove the non-generational mode of the Z Garbage Collector (ZGC). The generational mode is now the default as per JEP 474, ZGC: Generational Mode by Default, delivered in JDK 23. By removing the non-generational mode of ZGC, it eliminates the need to maintain two modes and improves development time of new features for the generational mode.
Build 19 of the JDK 24 early-access builds was made available this past week featuring updates from Build 18 that include fixes for various issues. Further details on this release may be found in the release notes.
With less than two months before Rampdown Phase One, four JEPs are currently targeted for JDK 24:
For JDK 24, developers are encouraged to report bugs via the Java Bug Database.
Build 24-loom+8-78 of the Project Loom early-access builds was made available to the Java community this past week and is based on Build 18 of the JDK 24 early-access builds. This build improves the implementation of Java monitors (synchronized methods) for enhanced interoperability with virtual threads.
In his weekly Hashtag Jakarta EE blog, Ivar Grimstad, Jakarta EE Developer Advocate at the Eclipse Foundation, provided an update on the upcoming release of Jakarta EE 11, writing:
The refactoring of the Jakarta EE TCK continues. It looks like we will be able to release Jakarta EE 11 Core Profile pretty soon with Open Liberty as a ratifying implementation. For the Platform and Web Profile, we will have to wait a little longer. It still looks like it will be possible to release in time for JakartaOne Livestream on December 3, 2024.
The road to Jakarta EE 11 included four milestone releases with the potential for release candidates as necessary before the GA release in 4Q2024.
The second milestone release of Spring Cloud 2024.0.0, codenamed Moorgate, features bug fixes and notable updates to sub-projects: Spring Cloud Kubernetes 3.2.0-M2; Spring Cloud Function 4.2.0-M2; Spring Cloud OpenFeign 4.2.0-M2; Spring Cloud Stream 4.2.0-M2; and Spring Cloud Gateway 4.2.0-M2. This release provides compatibility with Spring Boot 3.4.0-M3. More details on this release may be found in the release notes.
The third milestone release of Spring AI 1.0.0 provides new features such as: improvements to their Spring Advisors API; a new ToolContext class that replaces using Map for function callbacks; and support for additional observability models that include: Azure OpenAI, Google Vertex AI, and MiniMax AI.
The second milestone release of Spring Batch 5.2.0 provides new features such as: support for MongoDB as an implementation of the JobRepository interface; a new CompositeItemReader class to complement the existing CompositeItemWriter and CompositeItemProcessor classes. Further details on this release may be found in the release notes.
Following-up from the recent plan to release Spring Framework 7.0 and Spring Boot 4.0 in November 2025, the Spring Cloud Data Flow (SCDF) team has prepared its own plan to release version 3.0 in November 2025. The intent to align the SCDF projects (such as: SCDF server components, Composed Task Runner, and SCDF UI) with Spring Framework 7.0 and Spring Boot 4.0.
Payara has released their October 2024 edition of the Payara Platform that includes Community Edition 6.2024.10 and Enterprise Edition 6.19.0 and Enterprise Edition 5.68.0. Along with bug fixes and dependency upgrades, all three releases primarily address CVE-2024-8215, a cross-site scripting vulnerability that allows an attacker to remotely execute code via the Payara Management REST interface. These releases also feature an integration of the EclipseLink interruption enhancements to the WriteLockManager class to improve performance in database operations. More details on these releases may be found in the release notes for Community Edition 6.2024.10 and Enterprise Edition 6.19.0 and Enterprise Edition 5.68.0.
IBM has released version 24.0.0.10 of Open Liberty featuring: support for JDK 23; and new versionless features that support the MicroProfile Context Propagation, MicroProfile GraphQL, MicroProfile Reactive Messaging and MicroProfile Reactive Streams Operators specifications.
The Micronaut Foundation has released version 4.6.3 of the Micronaut Framework featuring Micronaut Core 4.6.6 and updates to modules: Micronaut Security, Micronaut Test Resources, Micronaut MQTT, Micronaut Data, Micronaut gRPC, Micronaut Oracle Cloud and Micronaut Security. Further details on this release may be found in the release notes.
The release of EclipseStore 2.0.0 delivers bug fixes and new features such as: a new BinaryHandlerSetFromMap class for the inner private static class, SetFromMap, defined in the Java Collections class, for improved data handling; and enhancements to the Storer interface that include a new UsageMarkable interface to prevent references of the Lazy interface from being cleared despite having unstored changes. More details on this release may be found in the release notes.
After 26 milestone releases, Apache Tomcat 11.0.0 has been released featuring: support for virtual threads; the addition of compatibility methods from JEP 454, Foreign Function & Memory API, that support OpenSSL, LibreSSL and BoringSSL, which all require a minimal version of JDK 22; and easy integration with Let’s Encrypt and an improved process to renew TLS certificates via automatic reloading of updated TLS keys and certificates with zero downtime. October 7, 2024 marks the 25th anniversary of the first commit to the Apache Tomcat source code repository since Sun Microsystems donated Tomcat to the Apache Software Foundation. Further details on this release may be found in the release notes.
Apache Tomcat 9.0.96 has also been released featuring bug fixes and notable changes such as: improved WebDAV support via a minor refactoring of the WebdavServlet class; and improved stability of the Tomcat Native Library upon destroying instances of the SSLContext interface during garbage collection. More details on this release may be found in the release notes.
The release of OpenXava 7.4.1 provides bug fixes, improvements in documentation, dependency upgrades and new features such as: new Maven archetypes, openxava-invoicing-archetype and openxava-invoicing-archetype-spanish, in English and Spanish, respectively; and a simple view layout with the property, flowLayout=true, that may now be applied up to 15 plain properties instead of eight. Further details on this release may be found in the release notes.
The release of JHipster Lite 1.20.0 ships with bug fixes, improvements in documentation, dependency upgrades and new features/enhancements such as: an improved generated style using Tikui, a library for building static components; and support for JWT and OAuth2 authentication using Vue.js. More details on this release may be found in the release notes.
The release of JetBrains Ktor 3.0.0, the asynchronous framework for creating microservices and web applications, provides bug fixes and improvements such as: a migration to the kotlinx-io library to standardize I/O functionality across Kotlin libraries and improve performance; support for server-side events; and support for WebAssembly in Ktor Client. Further details on this release may be found in the release notes. InfoQ will follow up with a more detailed news story.
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Adobe (NASDAQ:ADBE), MongoDB (NASDAQ:MDB) and Salesforce (NYSE:CRM) are considered some of the most worthwhile risks among cloud software stocks, according to an extensive report by Piper Sandler.
“We recommend large-cap growth investors lean into more risk and add to positions
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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $337.96.
MDB has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Sanford C. Bernstein boosted their target price on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a research report on Friday, August 30th. Finally, Bank of America boosted their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th.
View Our Latest Stock Analysis on MDB
In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 9th. The shares were 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other MongoDB 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 sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael Lawrence Gordon sold 1,884 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $482,775.00. Following the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $20,578,668.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,896 shares of company stock valued at $4,187,260. 3.60% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter worth $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter worth $25,000. Sunbelt Securities Inc. increased its holdings in shares of MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the period. Finally, Quarry LP grew its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
Shares of MDB traded up $0.17 during trading hours on Friday, hitting $292.86. 1,401,506 shares of the stock were exchanged, compared to its average volume of 1,455,795. MongoDB has a fifty-two week low of $212.74 and a fifty-two week 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. The business has a 50-day moving average of $263.94 and a 200-day moving average of $288.54. The firm has a market capitalization of $21.63 billion, a P/E ratio of -96.97 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data 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 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%. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.63) earnings per share. On average, research analysts expect that MongoDB will post -2.44 EPS for the current 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.
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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Article originally posted on mongodb google news. Visit mongodb google news
Posted on mongodb google news. Visit mongodb google news
Investors with a lot of money to spend have taken a bearish stance on MongoDB MDB.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with MDB, it often means somebody knows something is about to happen.
Today, Benzinga’s options scanner spotted 8 options trades for MongoDB.
This isn’t normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $109,000, and 7, calls, for a total amount of $497,935.
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $300.0 for MongoDB over the last 3 months.
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MongoDB’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MongoDB’s significant trades, within a strike price range of $195.0 to $300.0, over the past month.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MDB | CALL | TRADE | BEARISH | 10/18/24 | $4.2 | $3.6 | $3.6 | $300.00 | $143.6K | 584 | 880 |
| MDB | CALL | SWEEP | BULLISH | 10/18/24 | $4.45 | $3.55 | $3.55 | $300.00 | $140.1K | 584 | 478 |
| MDB | PUT | TRADE | BEARISH | 06/20/25 | $10.9 | $10.25 | $10.9 | $195.00 | $109.0K | 23 | 100 |
| MDB | CALL | TRADE | BEARISH | 10/18/24 | $4.1 | $3.55 | $3.55 | $300.00 | $71.0K | 584 | 880 |
| MDB | CALL | TRADE | BULLISH | 11/22/24 | $17.25 | $16.7 | $17.25 | $300.00 | $43.1K | 11 | 50 |
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB’s database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
In light of the recent options history for MongoDB, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
1 market experts have recently issued ratings for this stock, with a consensus target price of $340.0.
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* Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for MongoDB, targeting a price of $340.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MongoDB with Benzinga Pro for real-time alerts.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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MongoDB (NASDAQ:MDB – Get Free Report) had its price target hoisted by research analysts at DA Davidson from $330.00 to $340.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 16.10% from the company’s previous close.
Other equities analysts have also issued reports about the company. Piper Sandler raised their target price on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein boosted their target price on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Mizuho increased their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Stifel Nicolaus upped their price target on shares of MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Scotiabank boosted their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned 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 $337.96.
View Our Latest Analysis on MongoDB
MDB stock traded up $0.17 during mid-day trading on Friday, hitting $292.86. The stock had a trading volume of 1,390,536 shares, compared to its average volume of 1,455,742. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a fifty day moving average of $263.94 and a 200 day moving average of $288.54. 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 stock has a market capitalization of $21.63 billion, a price-to-earnings ratio of -97.42 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. During the same quarter last year, the firm earned ($0.63) earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts expect that MongoDB will post -2.44 EPS for the current fiscal year.
In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at $4,589,041.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the transaction, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the transaction, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,896 shares of company stock valued at $4,187,260 in the last three months. Corporate insiders own 3.60% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MDB. Transcendent Capital Group LLC bought a new position in MongoDB during the 4th quarter worth approximately $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the second quarter worth $25,000. Sunbelt Securities Inc. grew its holdings in shares of MongoDB by 155.1% in the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after buying an additional 76 shares during the period. J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares in the last quarter. Finally, Quarry LP raised its stake in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.
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’s MDB short percent of float has fallen 12.57% since its last report. The company recently reported that it has 3.38 million shares sold short, which is 4.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.88 days to cover their short positions on average.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: List of the most shorted stocks
As you can see from the chart above the percentage of shares that are sold short for MongoDB has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company’s peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company’s peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to Benzinga Pro, MongoDB’s peer group average for short interest as a percentage of float is 6.11%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? This post by Benzinga Money explains how you can profit from it.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor.
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Article originally posted on mongodb google news. Visit mongodb google news
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On Friday, DA Davidson maintained its Buy rating on MongoDB (NASDAQ: NASDAQ:MDB) and raised the price target to $340 from the previous $330. The firm’s analyst highlighted a recent discussion with MongoDB management to gain a clearer understanding of the company’s second-half fiscal year 2025 outlook, competitive dynamics, and the progression of workloads related to Generative AI, among other topics.
The analyst noted that while the outlook for the second half of the fiscal year 2025 remains conservative, it is not without risks. Additionally, the perceived slowdown in the growth of Atlas (NYSE:ATCO), MongoDB’s database as a service offering, is less severe than it seems once adjustments for certain one-time headwinds faced this year are made.
The firm underscored the challenges of holding MongoDB stock for those with a short-term investment horizon due to the unpredictable nature of consumption growth trends. Despite these challenges, DA Davidson continues to support the stock for long-term investors.
The analyst’s commentary concluded with a reinforcement of the Buy rating on MongoDB shares, coupled with the updated price target. This adjustment reflects a positive stance on the company’s prospects and the belief that MongoDB will continue to perform well over an extended period.
In other recent news, MongoDB, Inc. has been the focus of several positive analyst reviews following a strong second quarter performance. The company’s Q2 results showcased a 13% year-over-year revenue increase, totaling $478 million, largely driven by the success of its Atlas and Enterprise Advanced offerings. MongoDB 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.
Piper Sandler maintains an Overweight rating on MongoDB shares, despite a recent decline in growth. DA Davidson and KeyBanc Capital Markets, among others, have increased their price targets due to the company’s impressive performance. Loop Capital maintains a Buy rating, highlighting the stabilization of MongoDB’s Cloud Atlas business and a modest increase in consumption trends over the past quarter.
To complement DA Davidson’s analysis, InvestingPro data offers additional insights into MongoDB’s financial position and market performance. As of the latest data, MongoDB boasts a market capitalization of $21.62 billion, reflecting its significant presence in the database technology sector.
InvestingPro Tips highlight that MongoDB holds more cash than debt on its balance sheet, indicating a strong financial position that aligns with the long-term investment perspective suggested by DA Davidson. This solid financial footing could provide MongoDB with the flexibility to navigate the unpredictable consumption growth trends mentioned in the analyst’s report.
Furthermore, InvestingPro data shows that MongoDB’s revenue for the last twelve months as of Q2 2025 stood at $1.82 billion, with a revenue growth of 22.37% over the same period. This growth, coupled with the InvestingPro Tip that net income is expected to grow this year, supports DA Davidson’s optimistic long-term outlook for the company.
It’s worth noting that 22 analysts have revised their earnings upwards for the upcoming period, according to InvestingPro Tips. This consensus aligns with DA Davidson’s decision to raise the price target, suggesting a broader positive sentiment among market experts.
For investors interested in a more comprehensive analysis, InvestingPro offers 12 additional tips for MongoDB, providing a deeper understanding of the company’s financial health and market position.
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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