MongoDB shares rise after $1 billion buyback

By Reuters News

** Database software firm MongoDB's MDB.O shares rise 5.8% to $356.8

** Co authorizes an additional $1 billion share buyback, bringing total authorization to $2 billion — SEC filing

** Out of the $2 billion, $1.35 billion remains available for future share repurchases

** On Monday, shares tumbled 18.3% after the co announced a CEO transition

** 35 of 43 brokerages rate the stock "buy" or higher and eight "hold"; median PT is $470

** Including the session's moves, MDB down 15.4% YTD

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