Assenagon Asset Management S.A. Has $36.02 Million Stake in MongoDB, Inc. $MDB

Assenagon Asset Management S.A. lowered its stake in MongoDB, Inc. (NASDAQ:MDB) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,817 shares of the company’s stock after selling 23,399 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of MongoDB worth $36,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clark Financial Services Group Inc. BD increased its position in MongoDB by 1.5% during the 4th quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company’s stock worth $702,000 after purchasing an additional 25 shares in the last quarter. True Wealth Design LLC boosted its position in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after buying an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in MongoDB by 3.8% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,101 shares of the company’s stock valued at $342,000 after buying an additional 40 shares in the last quarter. Grove Bank & Trust grew its stake in shares of MongoDB by 81.8% during the fourth quarter. Grove Bank & Trust now owns 100 shares of the company’s stock worth $42,000 after buying an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of MongoDB by 7.4% during the third quarter. Brooklyn Investment Group now owns 679 shares of the company’s stock worth $211,000 after buying an additional 47 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB News Roundup

Here are the key news stories impacting MongoDB this week:

• Positive Sentiment: Appointment of a new Chief Revenue Officer, Ryan Mac Ban, to lead global sales and push AI / multi‑cloud go‑to‑market execution. Management frames this as support for the next phase of growth and stronger customer engagement. Article Title
• Positive Sentiment: Mizuho upgraded MongoDB, which can provide near‑term sentiment support and may attract buyers betting on improved go‑to‑market execution and AI-driven demand. Article Title
• Neutral Sentiment: Multiple short‑interest notices posted for March appear inconsistent or erroneous (reports list 0 shares / NaN changes and varying volumes). Current filings don’t provide a clear short‑interest signal to explain moves. (Internal short‑interest notices)
• Negative Sentiment: Management’s Atlas outlook flagged caution: consumption trends are moderating and enterprise spending remains cautious, suggesting Atlas growth may be slowing — a direct hit to revenue growth expectations for a cloud‑native database vendor. Article Title
• Negative Sentiment: Market reaction to Anthropic’s announcement that its Claude AI can control computers (imitating keystrokes/mouse actions) sparked worries that enterprise value could shift from application/database layers to an “intelligence” layer — potentially displacing legacy software vendors and pressuring MongoDB’s valuation. This was cited as a driver of an earlier intraday selloff. Article Title

Wall Street Analyst Weigh In

MDB has been the subject of a number of research reports. KeyCorp reiterated a “sector weight” rating on shares of MongoDB in a research note on Tuesday, December 2nd. Mizuho upgraded MongoDB from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $290.00 to $325.00 in a report on Monday. Barclays decreased their price objective on MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. Morgan Stanley upped their price target on MongoDB from $400.00 to $440.00 and gave the company an “overweight” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MongoDB in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.24.

MongoDB Trading Down 2.8%

Shares of MDB opened at $246.54 on Thursday. The firm’s fifty day simple moving average is $329.63 and its two-hundred day simple moving average is $350.83. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $444.72. The stock has a market capitalization of $19.81 billion, a P/E ratio of -280.16 and a beta of 1.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,190 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $369.75, for a total value of $440,002.50. Following the transaction, the director directly owned 80,462 shares of the company’s stock, valued at approximately $29,750,824.50. The trade was a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 19,383 shares of company stock valued at $7,910,983 in the last ninety days. Insiders own 3.10% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.