Khanchit Khirisutchalual Investment Thesis MongoDB (NASDAQ:MDB) presents a compelling investment opportunity in the Database Management Systems (DBMS) market. The company is well-positioned to capitalize on the increasing demand for AI workloads, thanks to its non-relational database that offers flexible data storage and scalability. MongoDB has ample room for growth, holding a modest ∼1.3% market share in an expanding market. Despite its current high trading multiples, I believe the company can drive s ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about MongoDB (MDB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.MongoDB currently has an average brokerage r ...

MongoDB (MDB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this database platform have returned -4% over the past month versus the Zacks S&P 500 composite's +3.1% change. The Zacks Internet - Software industry, to which MongoDB belongs, has gained 6.2% over this period. Now the key question is: Where could the stock be headed in the near term?While med ...

MongoDB (MDB) closed the most recent trading day at $410.11, moving -0.23% from the previous trading session. This move lagged the S&P 500's daily gain of 0.08%. Meanwhile, the Dow experienced a drop of 0.26%, and the technology-dominated Nasdaq saw an increase of 0.36%.Heading into today, shares of the database platform had lost 1.4% over the past month, lagging the Computer and Technology sector's gain of 4.29% and the S&P 500's gain of 2.4% in that time.Investors will be eagerly watching for the performa ...

MongoDB, Inc. (NASDAQ:MDB) 26th Annual Needham Growth Virtual Conference January 16, 2024 10:15 AM ET Company Participants Michael Gordon - Chief Operating Officer and Chief Financial Officer Serge Tanjga - Senior Vice President of Finance Conference Call Participants Mike Cikos - Needham & Company Mike Cikos Great. Thank you to everyone for joining us today. My name is Mike Cikos. I am the Lead Analyst here at Needham covering infrastructure software. With me, I'm pleased to say we have the management team ...

MongoDB, Inc. (NASDAQ:MDB) 26th Annual Needham Growth Virtual Conference January 16, 2024 10:15 AM ET Company Participants Michael Gordon - Chief Operating Officer and Chief Financial Officer Serge Tanjga - Senior Vice President of Finance Conference Call Participants Mike Cikos - Needham & Company Mike Cikos Great. Thank you to everyone for joining us today. My name is Mike Cikos. I am the Lead Analyst here at Needham covering infrastructure software. With me, I'm pleased to say we have the management team ...

The Zacks Internet Software industry is benefiting from accelerated demand for digital transformation and the ongoing shift to the cloud. The high demand for Software as a Service or SaaS-based solutions due to the increasing need for remote working, learning and diagnosis software has been a major driver for industry players. The growing demand for solutions that support hybrid operating environments is noteworthy. The growing proliferation of Augmented & Virtual Reality devices is noteworthy. Increasingly ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

MongoDB stock soared 108% in 2023 on widespread optimism that the cloud-based database software provider would be a major beneficiary of the generative-artificial-intelligence enterprise-software trend. But one analyst thinks that benefit could take some time to emerge—and that the time has come to take some profits in the shares. ...

Summary of MongoDB, Inc. Conference Call Company Overview - **Company**: MongoDB, Inc. (NASDAQ: MDB) - **Event**: Barclays Global Technology Conference - **Date**: December 7, 2023 Key Highlights from Earnings Report - **Overall Growth**: 30% year-over-year growth reported for the quarter [3] - **Atlas Growth**: 36% growth in Atlas, meeting expectations [3] - **Enterprise Advanced**: Strong performance, exceeding expectations, contributing to overall growth [3][5] - **Profitability**: Non-GAAP margins at 18%, indicating strong business health [5] Strategic Insights - **Run Anywhere Strategy**: Emphasizes flexibility in deployment options for customers, acknowledging that not all customers are fully in the cloud [3][7] - **Customer Engagement**: Continued success in winning new workloads from both existing and new customers, despite a moderated growth rate due to macroeconomic conditions [4][7] - **Market Opportunity**: Significant potential in the relational database market, with tens of billions spent annually, and MongoDB's strategy to capture this market [14] Customer Dynamics - **Cloud Migration**: Many customers are still on-premises and are cautious about moving to the cloud due to various concerns, including regulatory issues [7][8] - **Enterprise Advanced as On-Ramp**: Customers view Enterprise Advanced as a way to modernize infrastructure without immediate cloud migration [8] Financial Guidance and Revenue Recognition - **Q4 Guidance**: Raised guidance based on confidence in Enterprise Advanced performance [5] - **Revenue Recognition**: Approximately 25% of license revenue recognized upfront, with the remainder recognized ratably over the contract term [23][24] Seasonal Trends and Business Stability - **Seasonality**: Q3 typically shows stronger performance due to increased application usage post-summer, while Q4 experiences a slowdown during the holiday season [36][37] - **Stability in Business**: The business has shown stability in growth, with a focus on sequential performance rather than year-over-year comparisons [46][51] AI and Future Growth - **AI Integration**: Early signs of AI driving new applications, but significant growth is expected to take time [59][60] - **Vector Database**: Recently launched, with potential for future upsell opportunities, but requires customer readiness [62][63] Profitability and Investment Strategy - **Current Profitability**: Strong margins observed, but the company plans to invest more for long-term growth [66][68] - **Market Share**: Currently at 2% market share, indicating room for growth and investment [68] Additional Notes - **Customer Count Adjustment**: 350 customers removed from self-serve count, but this had no impact on ARR [54] - **High Customer Satisfaction**: MongoDB's vector database received high marks in customer surveys, indicating strong product value [65] This summary encapsulates the key points discussed during the conference call, highlighting MongoDB's performance, strategic direction, and market opportunities.