What happened

Shares of MongoDB (MDB -0.56%) rose 11.2% in April 2021, according to data from S&P Global Market Intelligence. The maker of alternative database software didn't have much news to share last month. Instead, the stock quietly executed a partial rebound after plunging 30.7% in March.

So what

The March crash wasn't really MongoDB's own fault, either. The company posted fourth-quarter earnings on March 9, beating Wall Street's estimates across the board and sparking a small but short-lived bounce on the stock chart. The downward pressure resulted from widespread coronavirus vaccinations as investors started to feel like the business world might get back to normal fairly soon.

A red charting arrow follows a bar chart downward over time, making a small upward jump near the end.

Image source: Getty Images.

Now what

By and large, MongoDB has been tangled up in a broad market retreat from high-growth stocks that saw big gains in 2020, especially companies that benefit from lockdowns and/or work-from-home policies. MongoDB falls under that umbrella, serving up massive revenue gains and a 173% stock return last year.

The stock is now trading more than 40% below February's all-time highs. That makes sense if you think that MongoDB is running out of rocket fuel in a world without COVID-19, but I'm actually tempted to add a few shares to my own MongoDB holdings at these lower prices. This company has a lot of growth left to explore, with or without coronavirus lockdowns throwing additional fuel on the fire.