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Vinva Investment Management Ltd Acquires Stake in MongoDB, Inc. as Insiders Sell Shares

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Posted on mongodb google news. Visit mongodb google news

On August 31, 2023, Vinva Investment Management Ltd announced its acquisition of a new stake in MongoDB, Inc. The institutional investor purchased 2,011 shares of the company’s stock, with an estimated value of $440,000. This disclosure was made in the first quarter and was reported to the Securities and Exchange Commission.

In other news related to MongoDB, Inc., their CTO Mark Porter recently sold 2,669 shares of the firm’s stock on June 2nd. The average price for each share was $381.12, resulting in a total value of $1,017,209.28. Following this transaction, Porter now possesses 37,667 shares in the company which are valued at $14,355,647.04. These details were disclosed in a document filed with the Securities & Exchange Commission and can be accessed through their official website.

Additionally, Director Dwight A. Merriman conducted a stock sale on August 4th where he sold 6,000 shares at an average price of $415.06. Subsequently, the director now directly holds 1,207,159 shares worth approximately $501,043,414.54 in the company.

It is worth noting that over the past quarter there have been significant insider sales of MongoDB’s stock totaling 79,220 shares with a combined value of $32,161,151. Company insiders currently hold approximately 4.80% of the overall outstanding stock.

These recent developments within MongoDB provide insights into changes within both its ownership structure and executive positions as certain individuals sell off their holdings within the company for various reasons.

The information disclosed by Vinva Investment Management Ltd showcases its confidence in MongoDB’s potential and aligns with its investment strategy moving forward.
these updates indicate noteworthy movements within the market and may influence investors’ perspectives on MongoDB as they make decisions regarding this particular entity’s trajectory.
Indeed these developments are essential to be monitored by those interested in the performance and future prospects of MongoDB, Inc.

MongoDB, Inc.



Updated on: 31/08/2023

Price Target

Current $381.30

Concensus $388.06

Low $180.00

Median $406.50

High $630.00

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Analyst Ratings

Analyst / firm Rating
Miller Jump
Truist Financial
Mike Cikos
Rishi Jaluria
RBC Capital
Ittai Kidron
Matthew Broome
Mizuho Securities

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Major Institutional Investors Make Significant Moves with MongoDB (MDB) Stock in Q4 2023

August 31, 2023 – In a recent move, several institutional investors and hedge funds have made significant changes to their holdings of MongoDB (MDB) stock. Notably, 1832 Asset Management L.P. has increased its stake in MongoDB by an astounded 3,283,771.0% during the fourth quarter. This increase led to the acquisition of an additional 1,017,969 shares amounting to a total of 1,018,000 shares worth $200,383,000. Renaissance Technologies LLC also saw a substantial increase in their stake in MongoDB by 493.2%, acquiring an additional 763,400 shares worth $180,738,000. Meanwhile, Norges Bank entered the scene during the fourth quarter with a new stake in MongoDB estimated at $147,735,000.

William Blair Investment Management LLC raised its stake in MongoDB by an impressive 2,354.2% during the fourth quarter as well. With the purchase of an additional 371,582 shares valued at $76,249,000, they now own a total of 387,366 shares. Additionally boosting their position in MongoDB is First Trust Advisors LP with a hike of 72.9% during the same period. Owning an extra 258

Article originally posted on mongodb google news. Visit mongodb google news

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