The database management software maker could still have plenty of room to grow. A niche player in organizing databases MongoDB only controls a low-single-digit slice of the global database market, which IDC expects to expand at a compound annual growth rate (CAGR) of 14% from 2023 to 2027. However, the secular growth of the generative AI market could accelerate that expansion and drive more companies to upgrade their database management services. But like many other cloud-based software companies, MongoDB c ...

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces a lawsuit has been filed against MongoDB, Inc. ("MongoDB" or the "Company") (Nasdaq:MDB) and certain of the Company's senior executives. Investors have until September 9, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in MongoDB securities between August 31, 2023 and May ...

CONTACT US HERE: WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of ...

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. In terms of valuation, MongoDB is currently trading at a Forward P/E ratio of 113.44. This valuation marks a premium compared to its industry's average Forward P/E of 31.06. The Internet - Software industry is part of the Computer and Technology secto ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In MongoDB To Contact Him Directly To Discuss Their Options Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com. Later, on May 30, 2024, MongoDB further lowered its guidance for the full year ...

For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. What Now: You may be eligible to participate in the class action against MongoDB, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 9, 2024. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you ...

If you suffered losses exceeding $100,000 investing in MongoDB stock or options between August 31, 2023 and May 30, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/MDB. Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP)Faruqi & Faruqi Logo (PRNewsfoto/Faruqi & Faruqi, LLP) The complaint alleges that on March 7, 2024, MongoDB reported stron ...

NEW YORK, July 25, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MongoDB, Inc. (NASDAQ: MDB). https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/?id=91984&from=4 DEADLINE: September 9, 2024 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/? id=91984&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder ...

Core Points - A securities class action lawsuit has been filed against MongoDB, Inc. for failing to disclose material information during the Class Period, which is a violation of federal securities laws [3][6] - Investors have until September 9, 2024, to file lead plaintiff applications in this lawsuit, which is pending in the United States District Court for the Southern District of New York [1][7] - Following the announcement of reduced growth expectations and a cut in fiscal year 2025 growth projections, MongoDB's share price dropped nearly 24%, from $310.00 on May 30, 2024, to $236.06 on May 31, 2024 [4][6] Company Information - The lawsuit is titled Baxter v. MongoDB, Inc., et al., 24-cv-05191 [7] - ClaimsFiler is a service that assists retail investors in recovering funds from securities class action settlements, providing resources for filing claims and legal evaluations [8]

If you suffered a loss on your MongoDB investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/MongoDB-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights. Then, on May 30, 2024, MongoDB again announced reduced growth expectations, cutting growth projec ...