While down from the record high of $184.78 reached in June 2019, MongoDB stock is still up 50% YTD. In June, MongoDB stock ran up to a record high of $184.78, sporting a YTD gain of 120%. With businesses increasingly developing new software to help stay competitive and win new customers, database demand will remain robust. In FQ3, MongoDB added 1,000 Atlas customers, made up of new accounts as well as Enterprise Advanced customers adding incremental Atlas workloads. Management pointed out that self-serve Atlas customers and a growing portion of direct sales Atlas customers are now paying monthly in arrears versus annually upfront.

Source: Forbes December 13, 2019 15:22 UTC