Renaissance Technologies LLC Takes Position in MongoDB, Inc. $MDB

Posted by Francis Steltz on Jul 29th, 2026

Renaissance Technologies LLC bought a new position in MongoDB, Inc. (NASDAQ:MDB – Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 140,780 shares of the company’s stock, valued at approximately $34,459,000. Renaissance Technologies LLC owned 0.18% of MongoDB as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of MDB. Cornerstone Planning Group LLC lifted its position in MongoDB by 1,220.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 66 shares of the company’s stock worth $27,000 after buying an additional 61 shares during the last quarter. International Assets Investment Management LLC bought a new position in MongoDB during the fourth quarter valued at $33,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of MongoDB in the first quarter valued at $34,000. Root Financial Partners LLC raised its stake in shares of MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company’s stock valued at $37,000 after acquiring an additional 32 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in shares of MongoDB in the 4th quarter worth about $38,000. Institutional investors own 89.29% of the company’s stock.

Insider Buying and Selling at MongoDB

In related news, CFO Michael J. Berry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $356.63, for a total value of $1,783,150.00. Following the completion of the sale, the chief financial officer owned 1,500 shares in the company, valued at approximately $534,945. The trade was a 76.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $344.05, for a total value of $538,782.30. Following the completion of the transaction, the director directly owned 25,444 shares in the company, valued at approximately $8,754,008.20. This trade represents a 5.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 127,746 shares of company stock valued at $47,343,538. 2.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MDB shares. Citizens Jmp reaffirmed a “market outperform” rating and set a $366.00 price target on shares of MongoDB in a research note on Friday, May 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $395.00 price objective on shares of MongoDB in a research report on Tuesday, May 19th. Barclays raised their price objective on shares of MongoDB from $370.00 to $387.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Cantor Fitzgerald upped their target price on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $385.00 price target on shares of MongoDB in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $405.35.

Get Our Latest Stock Analysis on MDB

MongoDB Trading Up 0.3%

NASDAQ MDB opened at $310.62 on Wednesday. The stock has a market cap of $24.98 billion, a PE ratio of -839.51, a PEG ratio of 1,269.30 and a beta of 1.55. MongoDB, Inc. has a 12 month low of $198.47 and a 12 month high of $444.72. The company’s 50-day moving average price is $335.86 and its 200-day moving average price is $317.73.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. The company had revenue of $687.62 million during the quarter, compared to analyst estimates of $664.53 million. MongoDB had a negative net margin of 1.12% and a negative return on equity of 1.39%. The firm’s revenue for the quarter was up 25.2% on a year-over-year basis. During the same quarter last year, the business posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post 0.02 earnings per share for the current year.

MongoDB Company Profile

(Free Report)

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.