Category: Uncategorized
MMS • Sergio De Simone
Article originally posted on InfoQ. Visit InfoQ
Android XR is Google’s new operating system aimed at powering devices like headsets and glasses and making possible new experiences, a.k.a. apps, running on them. Android XR will integrate Gemini, Google’s AI assistant, to enable understanding user intent, defining a plan, guiding through tasks, and more.
Android XR is build on top of the Android OS, leveraging key components like ARCore, Android Studio, Jetpack Compose, Unity, and OpenXR to provide solid foundations for the new platform. Android XR apps will make it possible for a virtual environment to coexist with the real world. For example, says Google, they are working to allows users to watch YouTube videos on a virtual big screen, display photos in 3D, and so on.
We’ll soon begin real-world testing of prototype glasses running Android XR with a small group of users. This will help us create helpful products and ensure we’re building in a way that respects privacy for you and those around you.
Android XR apps will exist inside virtual spaces and include 3D elements, spatial panels, and spatial audio to create a sense of depth, scale, and realism. They will also leverage multimodal interaction capabilities using hands and eyes.
To make it easier for developers to create Android XR apps, Google has also announced the Android XR SDK.
You’ll have endless opportunities to create and develop experiences that blend digital and physical worlds, using familiar Android APIs, tools and open standards created for XR.
A key component of the Android XR SDK is Jetpack XR, which includes new XR-specific libraries, such as Jetpack Compose for XR, Material Design for XR, Jetpack SceneCore, and ARCore for Jetpack XR.
Besides Jetpack Compose XR, the Android XR SDK also supports creating apps based on Unity or WebXR.
You can use the Android XR SDK with Android Studio Meerkat, which also includes the new Android XR Emulator. This will make it possible to use a virtualized XR device to deploy and test apps built with the Jetpack XR SDK. The emulator will rely on keyboard and mouse to enable navigation in the virtual 3D space using a palette of tools to rotate the scene, zoom in and out, and so on.
Android XR will have its own Play Store, where you will find apps created specifically for Android XR as well as compatible Android apps, which will be automatically spatialized with no developer effort.
First and foremost, Android XR’s preview aims at providing device makers and creators the opportunity to start creating a whole new ecosystem of devices and apps. According to Google, the first Android XR device will be released by Samsung in 2025.
Android XR and the Android XR SDK are currently available in preview only. If you are interested in getting access to the new platform, you can apply here.
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
A powerful rally in the U.S. stock market in 2024 has set the stage for even greater momentum in 2025. The S&P 500 index reached a record-breaking closing value of 6,090.27 in December, and experts anticipate more gains as a new rate cut cycle takes effect.
Drawing insights from historical data, Charles Schwab highlights that 86% of the time, the S&P 500 posted positive returns within a year after the commencement of rate cuts since 1929. While downturns occurred in 2001 and 2007 due to recessions, the present environment seems different. The Federal Reserve’s rate reduction in September 2024 provides optimism for continued growth. Analysts from UBS predict the S&P 500 will climb to 6,400, while John Stoltzfus from Oppenheimer Asset Management forecasts a rise to 7,100 in 2025.
Amidst these promising projections, certain stocks stand out for their potential to ride the upward trend, particularly Oracle and MongoDB.
Oracle has carved a niche in cloud services and AI infrastructure. Despite narrowly missing analysts’ estimates in the recent fiscal quarter, Oracle’s dominance in AI data centers, partnering with giants like Nvidia and OpenAI, sets it apart. Its innovative cloud infrastructure design, widespread geographical presence, and cost-efficient scalability are catalysts for its growth.
On the other hand, MongoDB is gaining traction with its flexible database solutions. Although shares dipped following leadership changes, MongoDB’s impressive expansion, with over 52,600 customers, underscores its resilient performance. The company’s focus on AI-powered applications and modernization of legacy systems positions it for sustained success.
These attributes make Oracle and MongoDB potential winners as investors seek to capitalize on the stock market’s anticipated 2025 upswing.
Stocks to Watch: Oracle and MongoDB Poised for Growth in 2025
In the landscape of financial market predictions for 2025, Oracle and MongoDB surface as noteworthy contenders, driven by their strategic innovations and market adaptability. As the S&P 500 continues its upward momentum, bolstered by historical trends and recent rate cuts, these companies are well-positioned to benefit from the evolving market dynamics.
Oracle’s Strategic Expansion in AI and Cloud
Oracle’s strategic investments in cloud services and artificial intelligence (AI) infrastructure have fortified its position in the tech industry. Despite minor setbacks with analyst expectations, Oracle’s partnerships with industry giants such as Nvidia and OpenAI highlight its robust presence in AI data centers. The company’s innovative cloud infrastructure, coupled with its extensive geographical reach and scalable cost efficiencies, are significant growth accelerators. As businesses increasingly shift towards AI-driven solutions, Oracle’s offerings provide a compelling proposition for sustained expansion.
MongoDB’s Resilient Growth in Database Solutions
MongoDB continues to make its mark with flexible database solutions that cater to modern enterprise needs. Despite recent leadership changes, the company’s expansion to over 52,600 customers signals strong market performance and resilience. MongoDB’s focus on AI-powered applications and its initiatives to modernize legacy systems underscore its commitment to staying at the forefront of technological advancements. These factors contribute significantly to MongoDB’s potential success in an upward-trending stock market.
Market Predictions and Trends for 2025
Financial experts suggest a promising trajectory for the stock market, with predictions of the S&P 500 reaching values as high as 7,100 by 2025. This optimism is largely fueled by the Federal Reserve’s recent rate cuts and historical patterns that favor market upturns following such financial measures. With the S&P 500 anticipated to maintain its growth, stocks like Oracle and MongoDB are likely to attract investors aiming to leverage market opportunities.
Potential Challenges and Considerations
While the outlook appears bright, potential challenges should not be overlooked. Both companies must navigate the fast-paced technological landscape, addressing competitive pressures and the ever-evolving consumer demands. Additionally, macroeconomic factors and geopolitical uncertainties could pose risks to their growth trajectories.
For investors looking to capitalize on these trends, keeping a close watch on Oracle’s and MongoDB’s strategic implementations and market movements will be essential. As the financial environment continues to evolve, these tech giants are well-poised to be front-runners in the anticipated 2025 market upswing.
For further insights on market trends and investment strategies, visit the main domain sites of Oracle and MongoDB.
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
These high-quality stocks are well positioned to surge in 2025.
The U.S. stock market posted a stellar performance in 2024, with the benchmark S&P 500 index reaching an all-time high closing value of 6,090.27 on Dec. 6.
But things may turn even better in 2025. According to Charles Schwab, based on 14 interest rate cycles since 1929, the S&P 500 index has posted positive returns 12 months from the first rate cut in the cycle 86% of the time. The benchmark index posted negative returns after rate cuts in 2001 and 2007, attributed mainly to the recessionary environment.
In September 2024, the Federal Reserve commenced the ongoing rate cut cycle by reducing benchmark interest rates by 50 basis points. Subsequently, since the current economic environment does not appear recessionary, it may be prudent to expect the index to continue growing till September 2025. Many analysts seem to agree with this projection. UBS expects the S&P 500 to reach 6,400, while Oppenheimer Asset Management’s chief investment strategist, John Stoltzfus, expects the index to reach 7,100 in 2025.
Against this backdrop, it makes sense for retail investors to pick up small positions in high-quality stock riding secular tailwinds. Here’s why these two companies picks fit the bill.
1. Oracle
When investing in database software and cloud services stocks, Oracle (ORCL -1.10%) is an obvious choice. The company’s second-quarter fiscal 2025 top- and bottom-line performance missed consensus estimates by a slight margin (for the period ended Nov. 30). Despite this, the company’s prominent role in the ongoing AI revolution and its strength in traditional databases make it a worthwhile pick in December 2024.
Oracle’s cloud services and licensing support revenue accounts for almost 77% of the company’s total revenue. The cloud business is expected to rake in $25 billion in revenue in fiscal 2025. Oracle’s prominence in providing artificial intelligence (AI)-optimized data center infrastructure is the main factor fueling the growth of its cloud business. The company’s Oracle cloud infrastructure is used by major AI companies such as Nvidia, Meta Platforms, xAI, OpenAI, and Cohere to train their most important generative AI models.
Oracle is also focused on further improving the performance of its cloud infrastructure and recently released the largest and fastest supercomputer in the world, which uses up to 65,000 Nvidia H200 GPUs. This performance advantage has made Oracle cloud infrastructure faster and cheaper than many competing infrastructure clouds, helping it win large AI training workloads. The company’s GPU usage also jumped by a stunning 336% year over year in the second quarter.
Oracle differentiates itself from many other cloud infrastructure players with its unique cloud architecture. The company has opted for a modular design approach where only six standardized data racks are needed to build a cloud region that provides all services to clients. The company can easily scale the data center infrastructure from 50 kilowatts to 1.6 gigawatts in line with the demand cheaply and efficiently. The standardization in racks and services has also helped Oracle effectively deploy automation tools in its cloud infrastructure.
Oracle has also established a broad geographical footprint with 98 cloud regions. The company has entered into multi-cloud agreements with Microsoft‘s Azure, Alphabet‘s Google Cloud, and Amazon‘s AWS, which further allows customers high flexibility to deploy their systems in the cloud.
Admittedly, Oracle does not seem to be the hottest stock on Wall Street. However, the company recently was trading at just 8.43 times trailing-12-month sales — better than the software industry median price-to-sales (P/S) ratio of 10.4. As multiples expand in line with robust growth, Oracle may see significant share price gains in the coming months.
2. MongoDB
The second database specialist worth investing in is MongoDB (MDB -7.42%). Although the company managed to handily beat consensus revenue and earnings estimates in the third quarter of fiscal 2025, shares have tanked on unexpected news of longtime CFO and Chief Operating Officer Michael Gordon leaving at the end of January 2025. The subsequent price correction has presented an excellent entry opportunity for retail investors.
MongoDB added nearly 1,900 new customers sequentially and ended the third quarter (ended Oct. 31) with a total customer count of more than 52,600. Furthermore, the company catered to 2,314 high-value customers (those generating at least $100,000 in annual recurring revenue) in the third quarter, up from 1,972 customers in the same quarter of the prior year.
Atlas, a cloud-native and integrated suite of database tools and services, accounts for nearly 68% of MongoDB’s total revenue. The cloud platform’s revenue grew 26% year over year in the third quarter, driven by robust adoption by enterprises for running mission-critical projects. Atlas catered to more than 51,100 customers at the end of the third quarter, up from over 44,900 in the same quarter of the prior year.
MongoDB is focusing on reallocating some of its go-to-market resources from mid-market to large enterprise channels. While the funds’ reallocation from the mid-market segment to the enterprise channel is expected to reduce the pace of direct sales customer growth in the short run, it should drive higher revenue growth in the long run.
MongoDB uses AI tools and professional services to modernize customers’ legacy applications. Since many of these applications are based on relational databases, the company also deploys a relational migrator to migrate them to MongoDB’s platform (suitable for documents and other complex data structures). This modernization reduces cost, time, and risk of data loss or corruption. Hence, MongoDB sees a solid long-term growth opportunity in the legacy application modernization market.
Finally, MongoDB is also poised to benefit from enterprises increasingly focusing on AI-powered applications, which mostly require querying complex and rich datasets. The company says its unified platform approach (combining source data, metadata, operational data, and vector data) is superior to using multiple complex databases.
Considering its several growth tailwinds and strong financials, MongoDB seems a compelling buy now.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Manali Pradhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, MongoDB, Nvidia, and Oracle. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Article originally posted on mongodb google news. Visit mongodb google news
1 No-Brainer Electric Vehicle (EV) Stock to Buy With $500 Right Now – The Globe and Mail
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
This year, the valuations of many electric car stocks slumped. One that struggled mightily at times was Rivian(NASDAQ: RIVN). At the start of 2024, shares were priced above $20. Last month, they fell below the $10 mark.
Then something extraordinary happened. In recent weeks, Rivian shares have surged by more than 40%. It seems as if market sentiment for this struggling EV stock has finally turned around. But if you think the upside potential has already been realized, think again. This is a business that could grow significantly in the years to come, and there’s one event in particular that should have growth investors excited.
Pay attention to this major upcoming milestone
Even after the recent run-up, Rivian’s share price is still more than 40% below where it began this year. The downtrend is nothing new for the EV maker. Since its IPO in 2021, its shares have lost more than 80% of their value. When it first went public, the company had a market cap of roughly $100 billion. Today, its market cap has shrunk to just $14 billion. For comparison, leading EV maker Tesla is valued at nearly $1.3 trillion.
What’s strange is that Rivian’s sales base was actually exploding over those years, growing from nearly nothing to more than $4 billion annually. At its height, the company was bringing in more than $5 billion in sales every year, yet its share price remained in the dumps. There are several reasons for this, but the biggest is quite simple: The market steeply overvalued Rivian when it went public. In 2021, it was one of several EV companies to do so, and it was a time when the valuations of many cleaner-energy-related businesses were shooting through the roof. Rivian has done a terrific job creating quality vehicles that consumers love, which has driven its sales higher and higher (at least, until their recent slump). Yet the company’s business results still weren’t outstanding enough to justify its extreme valuation. The result was perhaps inevitable — a drastic reduction in Rivian’s valuation.
But just as markets can overvalue a stock significantly, so too can they undervalue a stock. That’s seemingly the case for Rivian today, as shares trade at just 3.1 times sales. Tesla, a more mature competitor with a more diversified business model, trades at nearly 14 times sales. Lucid Group, another EV upstart in a similar position to Rivian, trades at nearly 10 times sales.
Of course, a cheap valuation isn’t any good for would-be investors unless the company can outpace the market’s low expectations for it. You may look at Rivian’s recent revenue decline and think its best days are behind it — but think again. In 2026, the company expects to launch three new mass-market models, all with starting prices below $50,000. The two models it currently has in production have base prices of about $70,000 and $76,000, with high-end versions priced at $100,000 or more. Getting its new models to market should allow it to compete for tens of millions of additional customers whose budgets for a new vehicle are tighter. When Tesla released its mass-market vehicles — the Model 3 and Model Y — its revenue base multiplied by several times in value in the years that followed. The same could be true for Rivian if it can survive until then.
But if you’re still hesitant about buying the stock after its recent run-up, you should know that there’s an event coming in the near term that could provide you with another buying opportunity.
This could be your next big buying opportunity
Rivian will deliver its next quarterly report on Feb. 18. If you believe the predictions of the company’s management team, it should shift to producing positive gross margins — a huge potential win for a company that thus far has been losing tens of thousands of dollars on every vehicle it sells.
In short, every time Rivian made a sale, its net loss widened. In the fourth quarter, all of that could change.
If Rivian achieves positive gross margins, expect the market to react favorably. It would represent a huge achievement for a company operating in an industry that has had plenty of financial failures. But if Rivian fails to meet that target, the stock could pull back again, creating an opportunity for investors to buy shares at a discount.
Still, betting on quarterly results is an inferior strategy compared to taking a long-term approach. If you like Rivian as a business — particularly while it’s still trading at a historically cheap valuation — don’t be afraid to jump in at today’s prices. You could still add more to your position in a couple of months if the company fails to achieve gross profitability this quarter.
Don’t miss this second chance at a potentially lucrative opportunity
Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.
On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:
- Nvidia:if you invested $1,000 when we doubled down in 2009,you’d have $348,112!*
- Apple: if you invested $1,000 when we doubled down in 2008, you’d have $46,992!*
- Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $495,539!*
Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.
*Stock Advisor returns as of December 9, 2024
Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB, Inc. (NASDAQ:MDB – Get Free Report)’s stock price was down 5.6% during mid-day trading on Friday . The stock traded as low as $271.50 and last traded at $272.35. Approximately 2,358,962 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 1,522,469 shares. The stock had previously closed at $288.61.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer boosted their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday. Mizuho lifted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC upped their target price on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $370.08.
Check Out Our Latest Stock Report on MongoDB
MongoDB Stock Down 7.4 %
The firm has a 50 day moving average of $293.17 and a 200 day moving average of $268.08. The firm has a market cap of $19.74 billion, a PE ratio of -97.51 and a beta of 1.17.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, research analysts anticipate that MongoDB, Inc. will post -2.29 EPS for the current year.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 302 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock worth $7,611,849 over the last quarter. Corporate insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On MongoDB
A number of institutional investors have recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter worth $25,000. Quarry LP lifted its stake 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 last quarter. Brooklyn Investment Group bought a new stake in MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of MongoDB during the 2nd quarter valued at about $35,000. 89.29% of the stock is currently owned by institutional investors.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
See Also
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.
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Geode Capital Management LLC lifted its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,230,036 shares of the company’s stock after purchasing an additional 34,814 shares during the quarter. Geode Capital Management LLC owned about 1.67% of MongoDB worth $331,776,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of MDB. Blue Trust Inc. lifted its position in MongoDB by 26.6% during the second quarter. Blue Trust Inc. now owns 538 shares of the company’s stock valued at $134,000 after purchasing an additional 113 shares during the period. OFI Invest Asset Management boosted its stake in shares of MongoDB by 420.4% in the second quarter. OFI Invest Asset Management now owns 510 shares of the company’s stock worth $119,000 after buying an additional 412 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of MongoDB by 7.6% in the second quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock worth $155,000 after buying an additional 44 shares during the last quarter. MFA Wealth Advisors LLC acquired a new stake in MongoDB during the second quarter worth about $25,000. Finally, MN Wealth Advisors LLC purchased a new position in MongoDB during the second quarter valued at approximately $576,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
Analysts Set New Price Targets
MDB has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday. Mizuho lifted their price target on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday. The Goldman Sachs Group increased their price target on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their price objective on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Oppenheimer upped their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $370.08.
Get Our Latest Analysis on MongoDB
Insiders Place Their Bets
In other news, CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were 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 directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,600 shares of company stock worth $7,611,849 in the last quarter. 3.60% of the stock is owned by company insiders.
MongoDB Stock Down 7.4 %
NASDAQ:MDB traded down $21.42 during trading hours on Friday, reaching $267.19. 5,086,127 shares of the stock were exchanged, compared to its average volume of 1,534,332. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The business has a 50-day moving average of $293.17 and a two-hundred day moving average of $268.08. The company has a market capitalization of $19.74 billion, a price-to-earnings ratio of -97.51 and a beta of 1.17.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, research analysts forecast that MongoDB, Inc. will post -2.29 EPS for the current fiscal year.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
See Also
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.
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Healthcare of Ontario Pension Plan Trust Fund bought a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 94,824 shares of the company’s stock, valued at approximately $25,636,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.13% of MongoDB as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of MDB. Jennison Associates LLC increased its position in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Swedbank AB increased its position in shares of MongoDB by 156.3% during the 2nd 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 during the last quarter. Westfield Capital Management Co. LP increased its position in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after purchasing an additional 7,526 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in MongoDB by 16.4% in the 2nd quarter. Blair William & Co. IL now owns 315,830 shares of the company’s stock worth $78,945,000 after acquiring an additional 44,608 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on MDB shares. Citigroup increased their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Truist Financial increased their target price on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. DA Davidson increased their target price on shares of MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Wells Fargo & Company increased their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, Mizuho increased their target price on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $340.29.
Read Our Latest Stock Report on MongoDB
MongoDB Price Performance
MDB traded up $0.32 during trading on Friday, reaching $324.92. The company had a trading volume of 49,481 shares, compared to its average volume of 1,448,312. The business has a 50 day simple moving average of $282.65 and a 200-day simple moving average of $272.02. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company 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%. MongoDB’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned ($0.63) earnings per share. As a group, research analysts predict that MongoDB, Inc. will post -2.37 earnings per share for the current year.
Insider Buying and Selling
In other MongoDB news, CRO Cedric Pech sold 302 shares of the 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 sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This trade represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the sale, the director now owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock worth $7,442,189 over the last three months. 3.60% of the stock is owned by insiders.
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.
See Also
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.
With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.
Article originally posted on mongodb google news. Visit mongodb google news
MMS • RSS
Posted on nosqlgooglealerts. Visit nosqlgooglealerts
Picture this: It’s Double 11 (Singles’ Day), China’s colossal online shopping frenzy and millions are hitting ‘buy’ simultaneously. Behind the scenes, a distributed database called OceanBase is handling the massive traffic spikeensuring every transaction proceeds without a hitch.
OceanBase is not just built to handle peak shopping traffic; it was specifically designed to overcome the limitations of traditional monolithic databases. With its distributed architecture, OceanBase ensures ultra-low-latency transactions, high throughput, and seamless scalability — essential for industries that need to handle large-scale data and real-time applications. Its ability to process millions of transactions per second and its robust fault tolerance and elastic scaling capabilities have made it a newly emerged innovative force for businesses that demand reliability even during peak loads.
From crisis to creation
OceanBase’s origin story is one of necessity and innovation. Rewind to 2013: Alipay, already a leader in the payments world, faced a scaling crisis as its monolithic Oracle database struggled to handle the rising volume of transactions.
However, the technical challenges extended beyond just the database. “The entire technical infrastructure was a massive fabric under extreme stress,” explains OceanBase.
Recognizing that throwing money at the database and hardware was not sustainable, Alipay developed a fully distributed database, OceanBase, from the ground up to resolve performance bottlenecks and scale effortlessly.
In 2019, OceanBase made history by becoming the first distributed database to top the TPC-C benchmark with a score of 60 million tpmC, outperforming Oracle on standard x86 servers. It then shattered its record in 2020 with 707 million tpmC. This marked a turning point, as it was the first time a distributed database claimed the top spot in the TPC-C benchmark, traditionally dominated by monolithic systems.
Open source, enterprise-ready
Today, OceanBase serves customers from a wide range of industries, from banks and insurers to telecom operators and retailers. Its open-source approach has been a driving force behind its growing popularity, making it accessible to developers worldwide and accelerating collaboration within the community.
“Open source is essential for expanding our global reach,” OceanBase says. Now, the open-source version of OceanBase supports technology exploration and collaboration and accelerates further innovations, while the enterprise version focuses on advanced security features, catering to the rigorous demands of financial institutions and customers from other sectors.
What sets OceanBase apart is its ability to deliver seamless, unified capabilities for mission-critical workloads, ensuring consistency and efficiency across transactional, analytical, and AI-driven operations.
Its hybrid TP and AP architecture ensures high performance for transactional and analytical workloads, eliminating the need for separate systems. With multi-model integration, OceanBase supports relational, JSON, Key Value and more, enabling businesses to handle diverse data types efficiently within a single database. Furthermore, its vector hybrid search capabilities empower AI-driven workloads, bringing generative AI and recommendation system applications into a unified database environment.
Beyond its unified design and performance, OceanBase is also secure, cost-efficient, and flexible. Security is paramount for financial institutions. OceanBase offers transparent data encryption, granular access controls, and comprehensive audit trails backed by SOC2 and PCI DSS certifications.
Additionally, OceanBase caters to a wide range of deployment scenarios, whether fully on-premises, cloud-native, or somewhere in between. This multi-cloud approach supports businesses to tailor their technical stack to meet specific needs while avoiding vendor lock-in.
Database for AI and hybrid workloads
OceanBase’s roadmap is designed to meet the growing complexity of modern data-driven workloads. Key upcoming features include enhanced Hybrid Transactional/Analytical Processing (HTAP) for real-time insights, a high-performance NoSQL KV store offering a reliable alternative to HBase, and vector hybrid search to support demanding generative AI and recommendation workloads efficiently.
As organizations increasingly rely on AI and hybrid workloads, the role of the database is more critical than ever. OceanBase is not just adapting to this shift but actively driving innovation, ensuring that businesses can seamlessly manage transactional, analytical, and AI-driven operations within a unified platform.
Image credit: iStockphoto/jullasart somdok
MMS • Aditya Kulkarni
Article originally posted on InfoQ. Visit InfoQ
Thoughtworks recently published their Technology Radar Volume 31, providing an opinionated guide to the current technology landscape.
As per the Technology Radar, Generative AI and Large Language Models (LLMs) dominate, with a focus on their responsible use in software development. AI-powered coding tools are evolving, necessitating a balance between AI assistance and human expertise.
Rust is gaining prominence in systems programming, with many new tools being written in it. WebAssembly (WASM) 1.0’s support by major browsers is opening new possibilities for cross-platform development. The report also notes rapid growth in the ecosystem of tools supporting language models, including guardrails, evaluation frameworks, and vector databases.
In the Techniques quadrant, notable items in the Adopt ring include 1% canary releases, component testing, continuous deployment, and retrieval-augmented generation (RAG). The Radar stresses the need to balance AI innovation with proven engineering practices, maintaining crucial software development techniques like unit testing and architectural fitness functions.
For Platforms, the Radar highlights tools like Databricks Unity Catalog, FastChat, and GCP Vertex AI Agent Builder in the Trial ring. It also assesses emerging platforms such as Azure AI Search, large vision model platforms such as V7, Nvidia Deepstream SDK and Roboflow, along with SpinKube. This quadrant highlights the rapid growth in tools supporting language models, including those for guardrails, evaluations, agent building, and vector databases, indicating a significant shift towards AI-centric platform development.
The Tools section underscores the importance of having a robust toolkit that combines AI capabilities with reliable software development utilities. The Radar recommends adopting Bruno, K9s, and visual regression testing tools like BackstopJS. It suggests trialing AWS Control Tower, ClickHouse, and pgvector, among others, reflecting a focus on cloud management, data processing, and AI-related database technologies.
For Languages and Frameworks, dbt and Testcontainers are recommended for adoption. The Trial ring includes CAP, CARLA, and LlamaIndex, reflecting the growing interest in AI and machine learning frameworks.
The Technology Radar also highlighted the growing interest in small language models (SLMs) as an alternative to large language models (LLMs) for certain applications, noting their potential for better performance in specific contexts and their ability to run on edge devices. This edition drew a parallel between the current rapid growth of AI technologies and the explosive expansion of the JavaScript ecosystem around 2015.
Overall, the Technology Radar Vol 31 reflects a technology landscape heavily influenced by AI and machine learning advancements, while also emphasizing the continued importance of solid software engineering practices. Created by Thoughtworks’ Technology Advisory Board, the technology Radar provides valuable insights twice-yearly for developers, architects, and technology leaders navigating the rapidly evolving tech ecosystem, offering guidance on which technologies to adopt, trial, assess, or approach with caution.
The Thoughtworks Technology Radar is available in two formats for readers: an interactive online version accessible through the website, and a downloadable PDF document.