SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.6% Stake in MongoDB Inc.

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a beneficial ownership of 4.6% in MongoDB Inc. as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 3,433,843.39 shares of MongoDB Inc. common stock.
• This ownership represents 4.6% of the total class of securities outstanding.
• FMR LLC holds sole voting power over 3,268,563.62 shares and sole dispositive power over 3,433,843.39 shares.
• Abigail P. Johnson holds sole dispositive power over 3,433,843.39 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of MongoDB Inc.
• The filing is an Amendment No. 9 to a previous Schedule 13G, indicating an update to their beneficial ownership position.
• The reporting persons include FMR LLC and its subsidiaries and affiliates such as FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.

Sentiment

Score: 5

Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G) and does not contain information that would significantly alter the sentiment towards MongoDB Inc. It primarily provides transparency on institutional holdings.

Positives

• The continued significant institutional ownership by FMR LLC, a major asset manager, signals ongoing investment interest in MongoDB Inc.
• The certification that shares are held in the ordinary course of business and not for control purposes indicates a passive, long-term investment stance by a reputable firm.

Negatives

• The reported ownership of 4.6% is below the 5% threshold, which means FMR LLC is no longer required to file a Schedule 13G unless their ownership increases above 5% again, potentially indicating a reduction in their stake from a prior filing.

Risks

• The document does not detail specific risks related to MongoDB Inc.'s operations or financial performance.
• The filing highlights the internal control structure of FMR LLC, where the Johnson family, including Abigail P. Johnson, holds significant voting power and may be deemed a controlling group, which is an internal governance detail of the reporting entity rather than a risk for MongoDB.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding MongoDB Inc.'s future performance or outlook.

Industry Context

This filing reflects the ongoing investment activities of large institutional asset managers like FMR LLC in technology companies such as MongoDB Inc., a prominent player in the NoSQL database market. Such disclosures provide transparency into significant holdings by major investment firms, offering insights into their portfolio allocations.

Related Party Transactions

• The document details the internal ownership structure of FMR LLC, noting that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares (representing 49% of the voting power) and have a shareholders' voting agreement. This arrangement may lead them to be deemed a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake in MongoDB Inc., confirming a passive investment approach.

Key Dates

Keywords

MongoDB Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, SEC Filing, Investment Management