This morning, the high Growth portfolio eliminated its position in the shares of MongoDB, selling 140 shares at $444. 49. The position size is too small, and I am unwilling to chase the shares in front of the impending earnings release. The shares were upgraded today by the analysts at Stifel in a curiously worded report…
1) Everpure After the market closed yesterday, Everpure announced that it had been selected to provide storage solutions to a second major hyperscaler. The announcement was short on details and specifics. The name of the hyperscaler was deliberately withheld. It is most probably either Google or Microsoft-odds are less on Amazon. This is a win for…
Everpure shares have recently spiked. They are up by almost 14% over the past week. I decided to trim the position in the high growth portfolio and sold 400 shares at $88.51. The sale raised $35,395. . This reduced the position to 2400 shares with a weight 6.91 % in the high growth portfolio. The portfolio…
Rawpixel/iStock via Getty Images Mongo: Leading the NoSQL space; and leading in the technology for AI use cases Most analysts spend their days-and other times as well-looking for a less discovered company with an as yet undiscovered growth inflection. After all, once a growth inflection has become visible, most often the stock price has long…
This morning the high growth portfolio entered a new position, MongoDB, and trimmed its holding in shares of Snowflake. Snowflake shares have recently spiked-they are up by more than 13% in the past month and by 6.5% in just the last week. We sold 100 shares at $287.29, leaving the 500 shares. The sale raised…
I often write about being a long-term investor. Obviously the portfolio move above is not consistent with that strategy. I entered a small position in Mongo shares a few months ago. I was counting on a growth rate inflection. The inflection came all right-but it was in the wrong direction. I think when a mistake…
As indicated in the weekly commentary, we wanted to add marginally to the net long position by opening a tiny investment in MongoDB and adding to the Procore position which had a weight of less than 2%. We wound up buying 60 shares of MongoDB at a price of $241.49. This cost $14,495. That…
Summary Despite recent stock declines, MongoDB’s technology remains strong, with substantial growth potential driven by its No-SQL database offerings and AI integration. The company’s current growth malaise is attributed to macroeconomic conditions and slower-than-expected usage growth, particularly among smaller enterprises. MongoDB is pivoting towards enterprise clients and AI-driven legacy app modernization to drive future growth,…
Summary The best strategy to invest in the AI revolution is to focus on the pick and shovel vendors in the space. These companies serve as toll takers on the road to the deployment of AI based applications. AI needs lots of storage and thus we recommend shares of Pure. AI needs unified storage/compute and…
Summary MongoDB is the dominant competitor in the market for NoSQL databases.Its revenue growth is currently being constrained by macro headwinds impacting a usage based pricing model.The company, despite an earnings report that was better than feared, has reduced its revenue growth estimates for the current year to the high teens percent.The company, while not…