BlackRock Amends MongoDB Stake, Signals Continued Confidence
Ticker: MDB · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1441816
| Field | Detail |
|---|---|
| Company | Mongodb, Inc. (MDB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still holds MongoDB, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of MongoDB, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, indicates that BlackRock continues to be a significant institutional investor in MongoDB. This matters to investors because BlackRock's continued substantial holding signals confidence in MongoDB's long-term prospects, potentially influencing other institutional and retail investors.
Why It Matters
BlackRock's sustained position as a major shareholder in MongoDB suggests institutional confidence, which can reassure current investors and attract new ones.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative or positive risks.
Analyst Insight
Investors should note BlackRock's continued presence as a major shareholder, which can be a positive signal, but should also conduct their own due diligence on MongoDB's financial performance and future outlook.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- MongoDB, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company of this filing?
The subject company is MongoDB, Inc., identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MongoDB, Inc.'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of MongoDB, Inc. is 60937P106, as listed under '(CUSIP Number)'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding MongoDB, Inc. (MDB).