Group 1 - MongoDB, Inc. shares experienced a marginal increase after a significant selloff of nearly 17% on the previous day, finding support around the $293 level [1] - The company's third-quarter earnings were reported at $1.16 per share, exceeding estimates of 67 cents, with sales reaching $529 million compared to analyst expectations of $498 million [1] - On a GAAP basis, MongoDB reported a loss of 13 cents per share, contrasting with the positive non-GAAP earnings due to adjustments for stock-based compensation [1] Group 2 - The $293 price level previously acted as resistance but has now converted into support due to "seller's remorse" from traders who sold shares at that price [2][3] - Many investors who sold shares around the $293 level regretted their decision and placed buy orders when the stock returned to that price, creating a concentration of buy orders that formed support [3] - The difference between GAAP and non-GAAP earnings can lead to misleading headlines, emphasizing the importance of understanding the underlying accounting principles [3]

Core Insights - MongoDB's share price declined by 16.92% following the FQ3 release, primarily due to the departure of CFO Michael Gordon, raising concerns about future execution despite the company's strong operational performance [1][2] - The company is experiencing robust growth, with Q3 revenue reaching $529.38 million, a 22% year-over-year increase, driven by strong demand for its developer-centric database platform [3][4] - Analysts are optimistic about MongoDB's future, raising price targets and forecasting a 27.36% upside based on improved guidance and strong operational metrics [4][6] Financial Performance - Q3 revenue of $529.38 million represents a 22% increase year-over-year, significantly exceeding market expectations by 700 basis points [3] - The gross margin contracted by 100 basis points, but operating results improved, leading to a 25 basis point increase in adjusted net income margin, with adjusted net income rising 25% to $98.1 million [4] - The company has positive cash flow and a strengthening balance sheet, indicating overall financial health [2][4] Guidance and Analyst Sentiment - MongoDB raised its guidance for Q4 and the full year, setting revenue and earnings expectations above consensus forecasts, which analysts view positively [5] - Following the earnings report, analysts revised their price targets upward, with an average target of nearly $380, indicating a potential 20% price increase from current levels [6] - The stock currently holds a "Moderate Buy" rating among analysts, with a critical support level identified near $312.50 [7][9]

Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured join the MongoDB AI Applications Program (MAAP) ecosystem to help organizations make an impact with AI MongoDB, Meta collaborating to support developers with Meta models and the end-to-end MAAP technology stackLeading autism and intellectual and developmental disability software provider CentralReach using MAAP to improve AI-powered care platformMAAP expansion follows the introduction of vector quantization to MongoDB Atlas Vector Sea ...

Core Viewpoint - MongoDB (MDB) has underperformed in the market, with a year-to-date decline of 20.4%, contrasting with the broader sector's growth of 27.2% [1]. Group 1: Stock Performance - MDB shares have lagged behind the Zacks Internet Software industry and peers such as Samsara, Fortinet, and Cognyte Software, which have seen returns of 60.9%, 60.7%, and 23.8% respectively [1]. - The overall industry has appreciated by 31.9% year-to-date [1]. Group 2: Factors Affecting Performance - The underperformance of MDB stock is attributed to sluggish macroeconomic conditions, a slowdown in software sector spending, and intense competition in the Internet software market [2]. Group 3: Growth Opportunities - MongoDB's expanding clientele and product offerings are seen as positive indicators for future growth [3]. - A recent partnership with Microsoft aims to integrate AI and data analytics, enhancing user capabilities and driving top-line growth [4][5]. - The launch of MongoDB 8.0 is expected to improve database offerings, enhancing throughput by 32% and accelerating time series data aggregations by over 200% [6][7]. Group 4: Financial Outlook - For fiscal 2025, MongoDB expects non-GAAP earnings to be between $2.33 and $2.47 per share, with a projected non-GAAP income from operations of $187 to $195 million [8]. - The consensus estimate for fiscal 2025 earnings is $2.43 per share, indicating a year-over-year decline of 27.03% [8]. - The Zacks Consensus Estimate for third-quarter fiscal 2025 earnings is 69 cents per share, reflecting a year-over-year decline of 28.13% [9]. - MongoDB anticipates revenues between $1.9 billion and $1.93 billion for fiscal 2025, with a consensus estimate of $1.93 billion indicating a year-over-year growth of 14.52% [11]. Group 5: Valuation Concerns - MDB shares are trading at a premium, with a Value Score of F, and a forward 12-month Price/Sales (P/S) ratio of 10.91X, higher than the sector's 6.1X [12]. - Currently, MongoDB holds a Zacks Rank 3 (Hold), suggesting that investors should wait for a more favorable entry point [13].

Addison, TX, Nov. 21, 2024 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public venture platform focused on launching category-leading deep technology companies, today provides an update on operations through and subsequent to the quarter ended September 30, 2024. “Throughout the year, we continued to strengthen our operations to increase our capacity to curate and diligence deep technology ideas that we can ultimately finance and help stand up to become leaders in their technolog ...

Shares of database company MongoDB (MDB 11.89%) surged on Thursday and there is likely a combination of factors driving the move. On one hand, the company's adoption could be about to improve thanks to a stronger relationship with Microsoft. And it also appears that spending for software might be picking back up. These are likely factors to explain why MongoDB stock was up 14% as of 1:50 p.m. ET.Could MongoDB's outlook be improving?Shares of Snowflake, a peer of MongoDB, are up big today after noting big ga ...

MongoDB Atlas now available on Azure OpenAI Service New Microsoft Fabric Mirroring integration with MongoDB Atlas allows for near real-time data syncsMongoDB Enterprise Advanced now available on Azure Marketplace for Azure Arc-enabled Kubernetes applicationsCHICAGO, Nov. 19, 2024 /PRNewswire/ -- Today at Microsoft Ignite, MongoDB, Inc. (NASDAQ: MDB) announced an expanded collaboration with Microsoft that introduces three new capabilities for joint customers. First, customers building applications powered by ...

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 ...

Addison, Texas, Nov. 15, 2024 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public venture platform focused on launching category-leading deep technology companies, plans to host a Zoom webinar on Thursday November 21, 2024 at 4:30 p.m. Eastern Time to discuss its results for the third quarter 2024. A press release detailing these results will be issued prior to the call. Christopher Marlett, CEO and Co-Founder of MDB will lead the call and will be joined by other members of the m ...

MongoDB (MDB) shares rallied 3.2% in the last trading session to close at $300.89. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.5% gain over the past four weeks.MongoDB shares are benefiting from strengthening GenAI and predictive AI applications to build scalable architecture and strategic partnerships. MDB’s document model and learning badges are also tailwinds for its stocks.This database platform is ...