Month: November 2024

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The most recent trading session ended with MongoDB (MDB) standing at $284.43, reflecting a +1.67% shift from the previouse trading day’s closing. The stock’s performance was ahead of the S&P 500’s daily gain of 0.39%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.6%.

Heading into today, shares of the database platform had gained 1.54% over the past month, outpacing the Computer and Technology sector’s gain of 0.59% and the S&P 500’s gain of 1.06% in that time.

Investors will be eagerly watching for the performance of MongoDB in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.69, indicating a 28.13% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $495.23 million, up 14.39% from the prior-year quarter.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.43 per share and revenue of $1.93 billion, indicating changes of -27.03% and +14.48%, respectively, compared to the previous year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for MongoDB. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company’s business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.76% higher within the past month. Right now, MongoDB possesses a Zacks Rank of #3 (Hold).

With respect to valuation, MongoDB is currently being traded at a Forward P/E ratio of 115.24. This represents a premium compared to its industry’s average Forward P/E of 30.95.

We can additionally observe that MDB currently boasts a PEG ratio of 11.08. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. MDB’s industry had an average PEG ratio of 2.45 as of yesterday’s close.

The Internet – Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 33, finds itself in the top 14% echelons of all 250+ industries.

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Amazon DynamoDB is a serverless, NoSQL, fully managed database with single-digit millisecond performance at any scale. Today, we are announcing the general availability of attribute-based access control (ABAC) support for tables and indexes in all AWS Commercial Regions and the AWS GovCloud (US) Regions. ABAC is an authorization strategy that lets you define access permissions based on tags attached to users, roles, and AWS resources. Using ABAC with DynamoDB helps you simplify permission management with your tables and indexes as your applications and organizations scale.

ABAC uses tag-based conditions in your AWS Identity and Access Management (IAM) policies or other policies to allow or deny specific actions on your tables or indexes when IAM principals’ tags match the tags for the tables. Using tag-based conditions, you can also set more granular access permissions based on your organizational structures. ABAC automatically applies your tag-based permissions to new employees and changing resource structures, without rewriting policies as organizations grow.

There is no additional cost to use ABAC. You can get started with ABAC using the AWS Management Console, AWS API, AWS CLI, AWS SDK, or AWS CloudFormation. Learn more at Using attribute-based access control with DynamoDB.

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Gordon Michael Lawrence, serving as COO and CFO of MongoDB, sold 5,000 shares of Class A Common Stock on November 14, 2024. The transactions were executed at weighted average prices ranging from $291.5 to $301.0 per share, resulting in a total sale amount of $1,480,541. Following these transactions, Lawrence directly owns 80,307 shares and indirectly owns 4,000 shares through family members. All transactions were reported as direct ownership and were conducted under a Rule 10b5-1 trading plan.

SEC Filing: MongoDB, Inc. [ MDB ] – Form 4 – Nov. 18, 2024

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NEW YORK, Nov. 18, 2024 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced it will report its third quarter fiscal year 2025 financial results for the three months ended October 31, 2024, after the U.S. financial markets close on Monday, December 9, 2024.

In conjunction with this announcement, MongoDB will host a conference call on Monday, December 9, 2024, at 5:00 p.m. (Eastern Time) to discuss the Company’s financial results and business outlook. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at http://investors.mongodb.com. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at http://investors.mongodb.com.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB
press@mongodb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-date-of-third-quarter-fiscal-2025-earnings-call-302309005.html

SOURCE MongoDB, Inc.

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Posted on mongodb google news. Visit mongodb google news

Gordon Michael Lawrence, the Chief Operating Officer and Chief Financial Officer of MongoDB , Inc. (NASDAQ:MDB), reported a series of transactions involving the company’s Class A Common Stock. On November 14, Lawrence executed a significant sale of shares amounting to approximately $1.48 million. The shares were sold at prices ranging from $291.50 to $301.00 per share.

In addition to the sales, Lawrence also acquired 5,000 shares through the exercise of stock options at a price of $6.50 per share. This acquisition was executed under a pre-arranged trading plan, as noted in the filing.

Following these transactions, Lawrence holds a total of 80,307 shares directly. The transactions were part of a Rule 10b5-1 trading plan, which allows company insiders to sell a predetermined number of shares at a predetermined time.

In other recent news, MongoDB, Inc. has announced the full redemption of its 0.25% Convertible Senior Notes due in 2026, with a total principal amount of $1,149,972,000. The company also reported a 13% year-over-year revenue increase in the second quarter, amounting to $478 million, mainly due to the success of its Atlas (NYSE:ATCO) and Enterprise Advanced offerings. This has led to the addition of over 1,500 new customers, bringing the total customer base to over 50,700.

Analysts from DA Davidson, Piper Sandler, and KeyBanc Capital Markets have raised their price targets for MongoDB. Additionally, Oppenheimer has increased its price target while maintaining an Outperform rating. These adjustments reflect MongoDB’s strong performance and the belief in its continued growth.

Looking ahead, MongoDB’s management anticipates third-quarter revenue to range between $493 million and $497 million. The full fiscal year 2025 revenue is projected to be between $1.92 billion and $1.93 billion, based on the company’s recent performance and analyst expectations. These recent developments underscore the confidence in MongoDB’s potential and its capacity to maintain a positive growth trajectory.

MongoDB’s recent insider transactions occur against a backdrop of mixed financial indicators. According to InvestingPro data, the company boasts a market capitalization of $21.03 billion, reflecting its significant presence in the database software market. Despite not being profitable over the last twelve months, with an adjusted operating income of -$285.81 million, MongoDB has shown strong revenue growth of 22.37% in the last twelve months, reaching $1.82 billion.

InvestingPro Tips highlight that MongoDB holds more cash than debt on its balance sheet, suggesting a solid financial position. This liquidity strength is further emphasized by the fact that the company’s liquid assets exceed short-term obligations. These factors may provide context for the insider’s decision to exercise options and sell shares, as they indicate a company with a strong financial foundation despite current profitability challenges.

Analysts appear optimistic about MongoDB’s future, with 22 analysts revising their earnings upwards for the upcoming period. An InvestingPro Tip also notes that net income is expected to grow this year, potentially signaling a turn towards profitability. This positive outlook might explain why the stock trades at a high revenue valuation multiple and a high Price / Book ratio of 15.41, as investors may be pricing in future growth expectations.

It’s worth noting that MongoDB does not pay a dividend to shareholders, which is common for high-growth technology companies reinvesting in their operations. The stock’s performance has been mixed, with a 11.44% return over the past three months but a -28.73% return over the past year, reflecting the volatility often associated with tech stocks.

For investors seeking a more comprehensive analysis, InvestingPro offers 11 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.

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

Posted on mongodb google news. Visit mongodb google news

NEW YORK, Nov. 18, 2024 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced it will report its third quarter fiscal year 2025 financial results for the three months ended October 31, 2024, after the U.S. financial markets close on Monday, December 9, 2024.

In conjunction with this announcement, MongoDB will host a conference call on Monday, December 9, 2024, at 5:00 p.m. (Eastern Time) to discuss the Company’s financial results and business outlook. A live webcast of the call will be available on the “Investor Relations” page of the Company’s website at http://investors.mongodb.com. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at http://investors.mongodb.com.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB
press@mongodb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-date-of-third-quarter-fiscal-2025-earnings-call-302309005.html

SOURCE MongoDB, Inc.

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Article originally posted on InfoQ. Visit InfoQ

Uber uses Presto, an open-source distributed SQL query engine, to provide analytics across several data sources, including Apache Hive, Apache Pinot, MySQL, and Apache Kafka. To improve its performance, Uber engineers explored the advantages of dealing with quick queries, a.k.a. express queries, in a specific way and found they could improve both Presto utilization and response times.

Express queries, i.e. queries that execute in under two minutes, amounted to about half the total queries Uber analytics process. Engineers at Uber found out that handling them just as the rest of queries caused underutilization and high latency due to them being throttled to avoid overloading the system.

To prevent express queries from being throttled, the first step was to predict when an incoming query is an express queries. Uber engineers based this prediction on historical data where each query was assigned an exact fingerprint, that is, a unique hash calculated after removing comments, whitespaces, and any literal values.

We tested the P90 and P95 query execution times using the exact fingerprint and abstract fingerprint of the query with lookback windows of 2 days, 5 days, and 7 days. […] We used this candidate definition to predict if a query was express: if the X runtime of the query in the last Y days based on Z fingerprint was less than 2 minutes.

Using this definition, Uber engineers found that the P90 value of the abstract fingerprint with a 5-day lookback window provided the best accuracy and coverage to predict which queries would complete in less than two minutes. They also kept enough data in the table used to look up if an incoming query is an express query to be able to change to a different percentile and/or larger or smaller lookback window.

While this idea seemed straightforward, its design and implementation went through a couple of iterations, moving from the idea of introducing express-query handling as late as possible in the system pipeline to handling them as early as possible.

In their first design, Uber engineers decided to queue up express and non-express queries in the same queues based on their user-priority. That means, all queries, either express or non express, went to the queue corresponding to their user-priority, e.g., batch or interactive. Each queue had its own designated Presto cluster, with a subset of it dedicated to handle express queries after all user/source and cluster limits checks were carried through.

This design led to underutilizing the express Presto clusters, basically because of mixing slow and express queries in the same queues, which made slow queries still dictate the pace at which express queries reached express clusters.

As a second attempt at designing the system, Uber engineers tried to use a dedicated queue for express queries, which were routed as soon as entering the system after the validation step. So, express queries had a direct, faster path to the designated express clusters, bringing an order-of-magnitude improvement in end-to-end SLA for over 75% of scheduled queries.

While this approach improved cluster utilization and running time for express queries, Uber engineers are considering how to improve it even more. In fact, running this design in production showed that express query handling is so fast that it is not necessary to route express queries across different queues based on their priority.

This made Uber engineers start to work on a further evolution of their design were express queries have a completely dedicated subsystem, which promises to further increase cluster utilization and simplify routing logic.

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MONGDB’s stock price (MDB) fell in the intraday levels while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals streaming out of it, while it leaned on the upward correctional trend line in the short term, as it also leaned on the support of the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of $324.70, provided the support of $271.66 holds on.

Trend forecast for today: Likely Bullish 

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Posted on mongodb google news. Visit mongodb google news

The software portion of the larger tech industry has recently experienced a sharp upward swing. A benchmark ETF, the iShares Expanded Tech-Software Sector ETF (BATS: IGV), has climbed by nearly 38% in the last year, with more than a quarter of that increase in the month from mid-October to mid-November.

This coincides with the period immediately surrounding the presidential election and may reflection an expectation of a looser regulatory environment going forward, largely seen as a potential boon for software developers.

Amid the broader rally, several niche software companies may warrant further investigation by investors considering a focus on this industry.

MDB: Leading Product in a Competitive Space

MongoDB Inc. (NASDAQ: MDB) provides software platforms for companies to use to store and analyze data more effectively. It offers a database-as-a-service tool, MongoDB Atlas, that allows clients from many different industries to manage databases remotely via the cloud.

For the second quarter of its 2025 fiscal year, MongoDB reported excellent workload acquisition, contributing to 13% year-over-year improvement to overall revenue. Atlas made up more than 70% of the $478 million in revenue the company generated during the year. While net losses widened slightly to $54.5 million, the company ended the quarter with a strong cash position of $2.3 billion.

MongoDB is positioning itself well in a rapidly growing, though niche, NoSQL database industry that is expected to reach more than $82 billion in size by 2031. On the other hand, though, the company will have to contend with significantly larger rivals that are also exploring offerings in the same space. Most notable in this category is Amazon.com Inc.’s (NASDAQ: AMZN) DynamoDB.

MongoDB has a “moderate buy” rating with 20 out of 26 analysts recommending that investors purchase shares. The consensus price target for MDB is $334.25, 14.1% higher than current levels.

CHKP: Cybersecurity Strength, But Recent Dip May Mean Buy Opportunity

Check Point Software Technologies Ltd. (NASDAQ: CHKP) creates cybersecurity software and a range of related products and services. In the latest quarter, the company posted 7% overall revenue growth to $635 million, including 12% year-over-year subscription revenue growth, even as Check Point executives acknowledged that several deals had been pushed to the fourth quarter and would be reflected in a later earnings report.

Despite this setback, Check Point reiterated its guidance of $2.5 billion in revenue for the year and net profit of over $1 billion. The company has also posted gross margin of 89% even as operating expenses have increased. This is all to say that Check Point has solid fundamentals and a popular cybersecurity product lineup.

Nonetheless, shares of CHKP fell following the earnings announcement in late October. This is understandable given that the report did not dramatically exceed expectations and that the company’s stock traded around a 1-year high throughout most of the month in anticipation of new executive leadership.

Now, even though Bank of America has recently downgraded Check Point to “neutral” from “buy” previously, a relatively lower share price means analysts see shares rising by about 12%. This could be an opportune moment for investors to buy in.

TYL: Promising Trends But Mixed Earnings

Tyler Technologies Inc. (NYSE: TYL) provides software and services to public sector organizations to aid in cybersecurity efforts, data analysis, payments solutions, and more. In the latest quarter, Tyler’s revenue climbed by almost 10% year-over-year, driven by increased demand for its software as a service (SaaS) options. Transaction revenues grew by more than 15% thanks to higher volumes from both new and returning customers.

These signs point to Tyler’s successful implementation of its cloud-based strategy, which it intends to continue to develop going forward. And yet, there are reasons to be cautious as well: while the company boosted its guidance range for GAAP diluted EPS for 2024, it reduced its expected free cash margin and slightly lowered the top end of its full-year revenue guidance as well.

Assessing Risk

As each of the firms above contests with larger, more established rivals, there is both the potential for growth and the risk of failure to overcome these obstacles. Each of the companies has analyst votes of confidence, but each also has potential disadvantages for an investor as well.

Source MarketBeat

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Posted on mongodb google news. Visit mongodb google news

Thrivent Financial for Lutherans trimmed its stake in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 17.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,251 shares of the company’s stock after selling 75,151 shares during the quarter. Thrivent Financial for Lutherans owned 0.47% of MongoDB worth $94,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC lifted its position in shares of MongoDB by 40.0% during the 1st quarter. Intech Investment Management LLC now owns 5,814 shares of the company’s stock worth $2,085,000 after purchasing an additional 1,661 shares during the last quarter. Vanguard Group Inc. lifted its holdings in MongoDB by 1.0% during 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 last quarter. Cynosure Group LLC acquired a new position in shares of MongoDB during the 1st quarter worth about $313,000. O Shaughnessy Asset Management LLC increased its holdings in shares of MongoDB by 21.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,150 shares of the company’s stock valued at $771,000 after acquiring an additional 385 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position 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 acquiring an additional 232,101 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $279.77 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market capitalization of $20.67 billion, a P/E ratio of -92.64 and a beta of 1.15. The company’s fifty day moving average is $278.10 and its two-hundred day moving average is $274.30.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 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 firm had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. During the same quarter in the previous year, the firm earned ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several recent analyst reports. Barclays increased their price target on shares of MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank boosted their price target on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research report on Friday, August 30th. Stifel Nicolaus raised their price objective on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Oppenheimer boosted their target price on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Bank of America raised their price target on MongoDB from $300.00 to $350.00 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, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $336.54.

View Our Latest Stock Report on MDB

Insider Buying and Selling at MongoDB

In related news, CRO Cedric Pech sold 302 shares of MongoDB 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 sale, the executive now owns 33,440 shares in the company, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 3,556 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the transaction, the chief executive officer now owns 219,875 shares in the company, valued at approximately $56,342,968.75. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,281 shares of company stock valued at $6,657,121 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

MongoDB Company Profile

(Free Report)

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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