5 Stocks that Will Double In 2021

3. MongoDB, Inc. (NASDAQ: MDB)

Number of Hedge Fund Holders: 46 

MongoDB, Inc. (NASDAQ: MDB) is a New York-based firm that owns and operates a general purpose database platform. It is placed third on our list of 15 stocks that will double in 2021. The company’s shares have returned 67% to investors over the past year. On June 3, the firm posted earnings for the first quarter, reporting earnings per share of -$0.15, beating predictions by $0.21. The revenue over the period was $181 million, up 39% year-on-year and beating estimates by $11 million.

On July 14, investment advisory Canaccord maintained a Buy rating on MongoDB, Inc. (NASDAQ: MDB) stock and raised the price target to $395 from $375, noting the growth in data management in the industry with developers wanting easy to manage platforms. 

At the end of the first quarter of 2021, 46 hedge funds in the database of Insider Monkey held stakes worth $1.5 billion in MongoDB, Inc. (NASDAQ: MDB), up from 36 in the previous quarter worth $2.1 billion.