BlackRock Amends MongoDB Stake, Signals Continued Confidence

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

From the Filing

0001086364-24-003241.txt : 20240125 0001086364-24-003241.hdr.sgml : 20240125 20240125134849 ACCESSION NUMBER: 0001086364-24-003241 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MongoDB, Inc. CENTRAL INDEX KEY: 0001441816 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90204 FILM NUMBER: 24561008 BUSINESS ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 866-237-8815 MAIL ADDRESS: STREET 1: 1633 BROADWAY STREET 2: 38TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: 10GEN INC DATE OF NAME CHANGE: 20080801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us60937p1066_012524.txt us60937p1066_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) MONGODB INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 60937P106 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 60937P106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 5747422 (6) Shared voting power 0 (7) Sole dispositive power 6210379 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6210379 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.6% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- MONGODB INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1633 BROADWAY 38TH FLOOR NEW YORK NY 10019 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or prin