Why MongoDB Stock Popped This Week

Why MongoDB Stock Popped This Week

Shares of MongoDB (NASDAQ: MDB) popped by as much as 23.9% this week, according to data from S&P Global Market Intelligence. The developer data platform, which is trying to disrupt the database market, put up impressive growth in its Q3 earnings report; this caused investors to bid up its shares. Revenue grew an impressive 47% year over year to $333.6 million, handily beating analyst expectations of $303.4 million heading into the report.