Billionaire Jeffrey Talpins’ Top 5 Stocks Picks

3. MongoDB, Inc. (NASDAQ: MDB)

Talpins’ Stake Value: $36,152,000
Percentage of Jeffrey Talpins’ 13F Portfolio: 5.71%
Number of Hedge Fund Holders: 44

MongoDB, Inc. (NASDAQ: MDB) is a global provider of a general-purpose database platform. The company was founded in 1939 and stands third on the list of billionaire Jeffrey Talpins’ top 10 stocks picks. The shares of MongoDB, Inc. (NASDAQ: MDB) surged 89.72% in the past 12 months. 

On July 14, Canaccord analyst David Hynes raised the price target on MongoDB, Inc. (NASDAQ: MDB) to $395 from $375 and kept a Buy rating on the shares. On June 2, MongoDB, Inc. (NASDAQ: MDB) reported earnings for the first quarter of 2021. It recorded earnings per share of -$0.15, surpassing market expectations by $0.21. In addition, the first three months of 2021 posted more than $181.6 million in revenue, up 39.3% YoY, beating the predictions by $11.64 million.

The hedge fund chaired by Jeffrey Talpins added this stock to its portfolio in the second quarter of 2021 by buying 100,000 shares worth over $36 million. There were 44 hedge funds in our database that held stakes in MongoDB, Inc. (NASDAQ: MDB) at the end of the second quarter, compared to 46 funds in the second quarter of 2021.