Hedge Fund Stock MangoDB Has More Downside From Here

For last two years, MangoDB (Nasdaq: MDB) was a classic hedge fund stock – owned heavily by growth-focused momentum loving hedge funds, partly fueled by high revenue growth of the company, subscription based revenue model, macro tailwinds in the shape of rising adoption of its NoSQL databases against the incumbent MySQL and not to mention a Bull market in U.S. stocks. Last week MangoDB came out with its quarterly results and the stock took a dive. Now if the strength of the markets over last few weeks is to be…

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How Low Can Slack Stock Go From Here

Slack Technologies (Nasdaq: WORK) stock went down almost 14% and now the key question is – how low can the stock go from here? Yes, you don’t have to be a genius to figure out that the market didn’t like the results, not because results didn’t expectation but expectations were too high. Now that we have looked at results and updated our models here are our key insights on the road from here onwards for shareholders, Why Slack’s stock went down? No doubt, results, if looked at in isolation, were…

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