Here's Why MongoDB's Stock Tumbled Today

Shares of MongoDB (NASDAQ: MDB), an open-source database company, were falling today after the company reported its first-quarter 2021 results yesterday. MongoDB's revenue increased by 46% to $130.3 million in the first quarter, and the company reported a non-GAAP loss per share of $0.13. MongoDB's chief executive officer, Dev Ittycheria, said on the company's first-quarter investor call, "Delivering such strong Q1 results in the midst of the COVID-19 crisis and the associated economic disruption is a testament to the resiliency of our employees, the quality of our execution, the appeal of our technology and our positioning in the marketplace."