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MongoDB provides a modern database platform for developers and businesses. Its main products are the MongoDB database and Atlas, a fully managed cloud database service, plus integrated services. The platform uses a flexible document data model and Atlas handles hosting, upgrades, backups, security, and global distribution to keep apps scalable and reliable. It monetizes through subscription and usage-based pricing across Atlas, on-prem licenses, and support, serving startups to large enterprises; its goal is to help teams build and deploy secure, scalable applications quickly with data available everywhere.
Industries
Data & Analytics
Enterprise Software
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2007
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Piper Sandler: 5 software stocks cutting AI token costs. By Peace Longe TheStreet Updated July 26, 2026 10:19 AM Gift Article For most of the past two years, investors bought nearly every company tied to semiconductors, from chip designers to equipment makers, and those stocks rose across the board. Enterprise software, on the other hand, got treated as collateral damage, priced as though large language models would eventually make the whole category redundant. That assumption is now getting tested, and not by the software companies themselves. Piper Sandler told clients on Wednesday that five infrastructure software names are positioned to solve the problem chief information officers complain about most: Running AI agents at scale costs far more than anyone budgeted. Piper Sandler's argument is that the customer data these companies already store can cut the number of tokens an AI agent needs to process, which lowers the cost of running it. Why Piper Sandler says these 5 software stocks cut AI token costs. The note, led by analyst Rob Owens, named Elastic (ESTC), GitLab (GTLB), MongoDB (MDB), Snowflake (SNOW), and Atlassian (TEAM) as the primary beneficiaries, Investing.com reported. A token is a chunk of text that is often smaller than a word. AI models charge by the token, counting both what you send in and what you get back. Owens wrote that the proprietary data already sitting inside these platforms can make models "significantly more accurate and efficient while dramatically reducing token usage costs." That will let companies expand AI adoption without costs rising too much. Early deployments showed token usage falling by 50% to 75% when clean organizational context was fed directly to the agent. The mechanism is simple enough. AI uses fewer tokens and answers faster when given clean, organized data instead of messy data. The token math that changed enterprise AI budgets in 2026. Here is the part that confused a lot of investors this year: Token prices fell, yet AI bills went up anyway. Owens noted that output tokens on newer frontier models run about 50% cheaper than the prior generation, yet improved reasoning capabilities caused consumption to increase. Reasoning models think in tokens, so a single query that once cost a few hundred tokens can now cost tens of thousands. More AI Stocks: Snowflake's pricing documentation shows how detailed this has become. The company splits AI usage onto a separate consumption meter so customers can track token spend against regular processing costs. That shift changed corporate behavior. Companies moved away from what Owens calls "Tokenmaxxing," or throwing unlimited model capacity at every problem. Instead, the companies shifted toward model routing, which sends easy queries to cheap models and hard ones to expensive models. What the consumption pricing model means for revenue. Vendors price context layers on consumption rather than per seat. That matters because the per-seat model is exactly what the market fears AI will destroy as headcounts shrink. Piper Sandler called this an attractive incremental growth opportunity that also strengthens long-term competitive advantages. Put plainly, if a customer's AI agents run more queries next quarter, the vendor gets paid more without signing a single new user. Three things have to hold for that thesis to work: * Enterprises must keep expanding agent deployments rather than pausing them. * Context layers must stay difficult enough to replicate that model vendors do not absorb the function. * Consumption revenue must grow faster than any decline in traditional seat licenses. Owens said conversations with management teams and channel partners confirmed that organizations are turning to software to make AI more efficient. How these 5 software stocks have actually traded. The stocks Owens named have not moved as a group. MongoDB has been the standout, with a market capitalization near $27.7 billion in mid-July, up more than 62% from last year, according to StockAnalysis data. The stock traded around $307 on July 21. Elastic went the other direction. Shares sat near $50 in recent trading, and Jefferies cut its target to $75 from $95 while keeping a Buy rating. GitLab has been the weakest of the five. Analysts carry an average Hold rating with a 12-month target of $34.50, roughly 4% above where shares trade. Snowflake sits in between, with 33 analysts rating it Strong Buy at an average target of $302.26. Atlassian rounds out the group with shares sitting near $86 as of the time of writing, well below the average analyst target of $139.70 reported on Yahoo Finance. KeyBanc set the most recent target at $115 on July 8 while keeping an Overweight rating, which points to about 33% above where the stock trades. Where this fits against the broader software selloff. Piper Sandler is not alone in making this argument. Morgan Stanley told clients this week that sentiment on software has become too negative, naming eight Overweight companies positioned for the AI era, Yahoo Finance reported. The firm raised a similar question: What happens to software growth once AI companies stop selling tokens below cost? The backdrop explains why these calls keep coming. The S&P 500 software industry index has fallen more than 25% from its October highs. The iShares Expanded Tech-Software Sector ETF (IGV) tells a similar story. It's down 13% this year. Meanwhile, the S&P 500 has gained close to 10% over the same stretch. Risks investors should weigh before buying the thesis. The counterargument to Owens' call is that AI model providers build retrieval and memory features directly into their own platforms. Nothing stops a frontier lab from building its own retrieval and memory tools, which would make a third-party context layer less necessary. Several labs have already started doing this. There is also a timing problem. Piper Sandler describes a critical window opening, which is analyst language for a call that has not yet shown up in reported revenue. None of these five companies breaks out context-layer revenue as its own line item in filings. That means investors are betting on an analyst estimate, not a disclosed number. Two further limits that also matter: * The 50% to 75% savings figure comes from early use cases, not audited results across a customer base * Consumption pricing cuts both ways, since AI budget cuts would hit revenue faster than annual seat contracts would What to watch next on these AI software stocks. The next earnings cycle should settle a lot of things. Snowflake, MongoDB, and Elastic all report consumption metrics that investors can check to verify Piper Sandler's call. Each company's management comments on AI-driven usage will tell you whether context layers are actually producing revenue. Watch net revenue retention specifically. If existing customers are spending more as agent deployments expand, that means the consumption approach is working. Also watch whether GitLab and Atlassian, the two most seat-dependent names on the list, can show credit or consumption revenue growing while seat counts stay flat. For readers deciding what to do with this, the practical read is that the five names carry very different risk profiles despite sharing a common call. MongoDB has already priced this call in. GitLab has not. The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc. This story was originally published July 26, 2026 at 10:07 AM.
MongoDB director Dwight Merriman sold 16,000 shares of common stock for $5.2 million on 16 July 2026, according to an SEC Form 4 filing. The transactions were executed under a pre-established Rule 10b5-1 plan at a weighted average price of $323.78 per share. Following the sale, Merriman holds approximately 973,000 shares directly, with another 538,000 shares held indirectly through The Dwight A. Merriman 2012 Trust and The Dwight A. Merriman Charitable Foundation. His total post-transaction holdings are valued at $496.55 million. MongoDB reported trailing twelve-month revenue of $2.6 billion and a net loss of $29.1 million. The stock delivered a 57% return for the year ending 16 July 2026, with shares closing at $328.60.
MongoDB to upskill 2 mn builders in India by 2030, unveils AI retrieval tools. The company announced Voyage Context 4, Hybrid Search, and Native Reranking, saying the technologies work together to improve retrieval quality. JUNE 29, 2026, 11:23 PM MongoDB on June 30 announced that it plans to upskill two million builders in India by 2030 through an expansion of its MongoDB for Academia programme, alongside announcing new AI retrieval capabilities for enterprises at its MongoDB.local Bengaluru event. The company said it will partner with more than 1,500 educational institutions across India and provide training and curriculum support to 5,000 educators. It will also deepen its collaboration with the All India Council for Technical Education (AICTE) through a joint Virtual Internship Programme to help students build AI and database skills. Since launching MongoDB for Academia in India in September 2023, the company said it has trained more than 650,000 students through partnerships with AICTE, SmartBridge, ICT Academy, and universities.
MongoDB has raised its full-year guidance after reporting strong first-quarter results, with total revenue reaching $687.6 million, up 25% year-over-year. MongoDB Atlas, the company's cloud database service, drove growth with revenue increasing over 29%. The company reported non-GAAP operating income of $123.2 million, up from $87.4 million in the previous year. CEO CJ Desai credited the results to effective execution and strong demand for the platform across enterprise and AI applications. MongoDB strengthened its position through the acquisition of Clarity Business Solutions to enhance US Federal capabilities and announced an expansion of engineering and AI operations in Ireland. The company also received the 2026 Google Cloud Partner of the Year award for the seventh consecutive year.
Why VIEW26 GmbH moved its analytics engine from MongoDB to ClickHouse. Why did VIEW26 move from MongoDB to ClickHouse? As Jira Service Management datasets grew, Charts & Reports for JSM needed faster analytics at scale. ClickHouse now powers stronger dashboards, KPIs, filters, and reports for its Atlassian enterprises users As a reporting platform built for Jira Service Management ,View26 Charts and Reports helps teams turn their project data into actionable insights through charts, KPIs, dashboards, and detailed tabular reports. As its customers' datasets grew into the millions of rows, VIEW26 GmbH knew it was time to rethink the foundation powering it all. This is the story of why VIEW26 GmbH migrated from MongoDB to ClickHouse, what VIEW26 GmbH learned along the way, and where VIEW26 GmbH is headed next. The challenge: when your database wasn't built for analytics. MongoDB served VIEW26 GmbH well in its early days. Its flexible document model made it easy to iterate quickly and ship features fast. But as its platform matured and its customers started tracking increasingly complex Jira workflows, VIEW26 GmbH began running into a fundamental limitation: MongoDB is a general-purpose database, not an analytical one. Its customers rely on VIEW26 GmbH to aggregate, slice, and visualize their Jira data in real time. They build KPI dashboards that compute metrics across hundreds of thousands of issues. They generate trend charts spanning months or years of project history. Some of its power users manage datasets exceeding two million rows - and they expect every chart, metric, and report to load without hesitation. VIEW26 GmbH needed a database that was purpose-built for these kinds of analytical workloads. Why ClickHouse. After evaluating several options, ClickHouse stood out for a few key reasons: Columnar storage built for aggregation. Unlike row-oriented databases, ClickHouse stores data by column, which means analytical queries (the kind that power dashboards and KPI calculations) can scan only the columns they need. For a reporting platform like ours, this is a natural fit. SQL-native query engine. Moving from MongoDB's aggregation pipeline to standard SQL made its query layer more maintainable, more testable, and more accessible to its engineering team. Complex reporting logic that previously required multi-stage pipeline configurations could now be expressed in clean, readable SQL. Compression and storage efficiency. ClickHouse's columnar compression dramatically reduces the storage footprint of large datasets. For a platform handling diverse customer workloads, efficient storage translates directly to better resource utilization. Scalability by design. ClickHouse was built from the ground up to handle analytical queries over massive datasets. While its current workloads don't push the boundaries of what ClickHouse can do, VIEW26 GmbH is investing in a foundation that will scale alongside its customers' growing data needs. What VIEW26 GmbH learned along the way. No migration is without its surprises, and VIEW26 GmbH want to be transparent about what VIEW26 GmbH encountered. To ground this in something concrete: VIEW26 GmbH benchmarked the view-fetch operation, which is the request that backs every report load in its product, across 3,129 real customer views on global-residency accounts, comparing the same data served from MongoDB and ClickHouse side by side. The picture that emerged is more nuanced than a single "ClickHouse is faster" headline. The shape of the distribution tells the story better than any single average. ClickHouse loses ground in the sub-100ms tier (MongoDB: 557, ClickHouse: 230), which represents the small, simple queries where MongoDB's indexed lookups are hard to beat. It also gives up ground in the 1 to 3 second bucket, which is dominated by mid-size row-dense table views. But in the heavy 3-second-plus tiers, the two databases converge, and as VIEW26 GmbH'll see, when ClickHouse wins on those queries, it wins big Aggregation workloads shine. The queries powering its charts, KPIs, and computed metrics - the core of what its customers interact with daily - mapped naturally to ClickHouse's strengths. Aggregation-heavy operations across large datasets are exactly what a columnar engine is optimized for. Large tabular exports required rethinking. One area where VIEW26 GmbH invested significant engineering effort was optimizing how VIEW26 GmbH serve large, row-dense table views. Columnar databases are optimized for scanning and aggregating data, not necessarily for returning large result sets row by row. This pushed VIEW26 GmbH to implement smarter pagination strategies, asynchronous data loading, and more efficient data serialization - improvements that ultimately benefit the user experience regardless of the underlying database. Schema design is a different discipline. Moving from MongoDB's flexible document model to ClickHouse's structured columnar format required VIEW26 GmbH to think carefully about how VIEW26 GmbH model data. Denormalization strategies, sort key selection, and partition design all matter in ways they simply don't in a document database. This was a meaningful investment, but one that gave VIEW26 GmbH a much deeper understanding of its own data patterns. Widget-dense reports exposed network round-trip costs. This one caught VIEW26 GmbH off guard. Many of its customers build comprehensive reports with 30 or more widgets - each chart, KPI, or table representing an independent analytical query. In MongoDB, VIEW26 GmbH could bundle and optimize these queries with relative ease. With ClickHouse, each widget triggers its own query to the database, and on reports with high widget counts, the cumulative round-trip latency adds up. A dashboard with 10 widgets loads snappily; a report with 40 widgets feels noticeably slower. This is less about ClickHouse's query performance and more about the architecture of how VIEW26 GmbH dispatch and resolve queries - a problem VIEW26 GmbH is actively tackling through query batching, parallel execution, and intelligent prefetching. It's a solvable problem, but one VIEW26 GmbH want to be upfront about because it affects its most engaged power users the most. The honest tradeoffs. VIEW26 GmbH'd be doing a disservice to anyone considering a similar migration if VIEW26 GmbH didn't lay out the tradeoffs clearly. ClickHouse was faster on 1,374 views (44%), and slower on 1,755 views (56%). But the headline number hides the more interesting detail: when ClickHouse won, it won by an average of 4.25 seconds. When it lost, it lost by 2.48 seconds. The wins are nearly twice as large as the losses, and the wins are concentrated in exactly the workloads that matter most for a reporting product, namely aggregation-heavy dashboards over large datasets. The losses cluster around small, simple lookups and row-dense exports, which VIEW26 GmbH has other levers to address (smarter pagination, caching, query dispatch). The clearest way to see this is to group views by approximate dataset size. Its customer base spans views scanning anywhere from around 10,000 rows on the small end to roughly 2 million rows for its largest power users, with everything in between. The pattern is striking. On the smallest views (around 10,000 rows), ClickHouse wins only 5% of the time. As dataset size grows, the win rate climbs steadily: 50% at around 75,000 rows, 55% at around 250,000 rows, and then it flips decisively. For views scanning roughly 500,000 to 1 million rows, ClickHouse was faster 88% of the time, saving an average of 3 seconds per load. For the largest views, those scanning 1 to 2 million rows, ClickHouse was faster 94% of the time, saving an average of 11 seconds per load. This is the curve that matters for its customers. The users who feel database performance most acutely are the ones with the largest datasets and the most complex reports. Those are exactly the users ClickHouse helps the most. The losses on small queries are real, but they're losses in the regime where everything is already fast enough that the difference is imperceptible. What got better: aggregation queries over large datasets, SQL-based maintainability, compression efficiency, and a clear path to scale. What got harder: large row-dense table views, high-widget report load times, and the operational learning curve of running a columnar database tuned for a very different access pattern than what VIEW26 GmbH were used to. What's still in progress: optimizing query dispatch for widget-heavy reports, fine-tuning materialized views, and continuing to improve cold-start performance for first-time dashboard loads. VIEW26 GmbH don't view these tradeoffs as failures. They're the natural cost of making an architectural bet on the future. The important thing is that VIEW26 GmbH understand them clearly and are investing in solving them. The bigger picture. This migration was never just about switching databases. It was about aligning its infrastructure with its product vision. View26 Charts and Reports exists to make Jira data useful. That means fast dashboards, reliable KPIs, and reports that teams can trust to make decisions. Choosing ClickHouse was a deliberate investment in the analytical backbone of its platform, one that positions VIEW26 GmbH to deliver richer insights, handle larger datasets, and build more sophisticated reporting features in the future. VIEW26 GmbH is still early in unlocking everything ClickHouse makes possible. Materialized views for precomputed metrics, more advanced time-series analysis, and real-time aggregation pipelines are all on its roadmap. The foundation is in place, and VIEW26 GmbH is excited about what VIEW26 GmbH is building on top of it. Jozef N · Full Stack Engineer
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Industries
Data & Analytics
Enterprise Software
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2007
Find jobs on Simplify and start your career today