Both At Risk, But Ping May Disappoint Before Okta

An interesting thing about any Bull market is that all a business needs is just a good elevator pitch story that can be backed by some macro shift underway and a stock of a somewhat related business that is performing well, and voila you have a hot stock. Ping Identity (Nasdaq: PING) and Okta Inc. (Nasdaq: OKTA) are perfect examples. Both companies are enjoying the market’s newfound enthusiasm about remote access management technology in its new avatar as Identity As A Service, Cloud-based service of managing employee access and identity.…

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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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