Jennison Associates Discloses 3.56M Share Stake in MongoDB
Ticker: MDB · Form: SC 13G · Filed: Feb 8, 2024 · CIK: 1441816
| Field | Detail |
|---|---|
| Company | Mongodb, Inc. (MDB) |
| Form Type | SC 13G |
| Filed Date | Feb 8, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, ownership-change
Related Tickers: MDB
TL;DR
**Jennison Associates just revealed a big stake in MongoDB, signaling institutional confidence.**
AI Summary
Jennison Associates LLC, a New York-based investment advisor, reported beneficial ownership of 3,565,410 shares of MongoDB, Inc. Class A Common Stock as of December 31, 2023. This filing, an initial SC 13G, indicates Jennison Associates holds significant sole voting power over these shares. This matters to investors because it signals a major institutional investor has a substantial stake in MongoDB, potentially indicating confidence in the company's future performance and stability.
Why It Matters
This filing reveals a large institutional investor's significant position in MongoDB, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This filing indicates a significant institutional investment, generally seen as a positive signal rather than a risk.
Analyst Insight
A smart investor would view this as a positive signal, potentially indicating institutional confidence in MongoDB's growth prospects, and might consider further research into MongoDB's fundamentals.
Key Numbers
- 3,565,410 — Shares Beneficially Owned (Represents the number of MongoDB Class A Common Stock shares Jennison Associates LLC has sole voting power over.)
Key Players & Entities
- Jennison Associates LLC (company) — reporting person, investment advisor
- MongoDB, Inc. (company) — subject company, issuer of securities
- 3,565,410 shares (dollar_amount) — shares beneficially owned with sole voting power by Jennison Associates LLC
- December 31, 2023 (person) — date of event requiring filing
Forward-Looking Statements
- Jennison Associates LLC will maintain or increase its stake in MongoDB, Inc. over the next year. (Jennison Associates LLC) — medium confidence, target: 2025-02-08
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is Jennison Associates LLC, as stated in item 1 of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is MongoDB, Inc., as identified under 'Name of Issuer' in the filing.
As of what date did the event requiring this filing occur?
The event requiring this filing occurred on December 31, 2023, as specified under 'Date of event which requires filing of this statement'.
How many shares of MongoDB, Inc. Class A Common Stock does Jennison Associates LLC have sole voting power over?
Jennison Associates LLC has sole voting power over 3,565,410 shares, as reported in item 5 of the filing.
What type of securities are covered by this filing?
The filing covers Class A Common Stock of MongoDB, Inc., as stated under 'Title of Class of Securities'.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 8, 2024 by December 31, 2023 regarding MongoDB, Inc. (MDB).