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.

As of 1:06 p.m. EDT, the company's stock price was down 7.3%.

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. The company's results beat analysts' consensus estimates of a loss per share of $0.25 and revenue of $83.1 million.

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Source Fool.com