5 Growth Stocks to Buy According to Alex Sacerdote’s Whale Rock Capital

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In this piece, we’ll gloss over 5 growth stocks to buy according to Alex Sacerdote’s Whale Rock Capital. If you want a more detailed analysis then head right on to 10 Growth Stocks to Buy According to Alex Sacerdote’s Whale Rock Capital.

5. MongoDB, Inc. (NASDAQ:MDB)

Mr. Sacerdote’s Stake Value: $457 million

Percentage of Mr. Sacerdote’s 13F Portfolio: 2.98%

Number of Hedge Fund Holders: 44

MongoDB, Inc. (NASDAQ:MDB) is an American database provider headquartered in New York and it features several products in its portfolio. These cover several segments of the database market such as single and multiple cloud based databases, alongside which it also provides other services such as consulting and training.

MongoDB, Inc. (NASDAQ:MDB) posted $198 million in revenue and -$0.24 in non-GAAP EPS at the end of its second fiscal quarter this year, beating analyst estimates on both counts. During the same time period, Mr. Sacerdote’s hedge fund held 1.2 million shares of the company which represented 2.98% of his portfolio and were worth $457 million. In an analyst note released in September, Barclays raised its price target for MongoDB, Inc. (NASDAQ:MDB) to $590, sharing that a new base valuation year will improve the company’s outlook.

Additionally, by the second quarter, 44 of the 873 hedge funds polled by Insider Monkey held a stake in MongoDB, Inc. (NASDAQ:MDB). Over the past year, the company’s share price has grown by a staggering 110%.

The company’s largest shareholder after Whale Rock is Eashwar Krishnan’s Tybourne Capital Management who owns 624,639 shares worth $225 million.

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