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Faruqi & Faruqi LLP Reminds Shareholders of a Lead Plaintiff Deadline on September 9, 2024 in MongoDB Lawsuit
Prnewswire· 2024-07-19 13:40
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses 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. Following this news, MongoDB's stock price fell by $73.94 per share to close at $236.06 per share. ...
MDB INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that MongoDB, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Prnewswire· 2024-07-18 21:00
Why Bronstein, Gewirtz & Grossman The complaint alleges that on March 7, 2024, MongoDB reported strong Q4 2024 results and then announced lower-than-expected full-year guidance for 2025. The Complaint adds that the Company attributed this to a change in its "sales incentive structure," which led to a decrease in revenue related to "unused commitments and multi-year licensing deals." Following this news, MongoDB's stock dropped $28.59 per share to close at $383.42. Then, on May 30, 2024, MongoDB further lowe ...
MongoDB (MDB) Faces Securities Class Action Following Investor Scrutiny Over Sales Incentive Restructure, Unused Commitments – Hagens Berman
GlobeNewswire News Room· 2024-07-18 18:36
Class Period: Aug. 31, 2023 – May 30, 2024 Lead Plaintiff Deadline: Sept. 9, 2024 Visit: www.hbsslaw.com/investor-fraud/mdb Contact the Firm Now: MDB@hbsslaw.com 844-916-0895 Previously, MongoDB management expressed confidence in its ability to achieve its FY 2025 revenue targets. This confidence stemmed from initiatives such as restructuring sales force incentives and reducing pressure on upfront customer commitments. Additionally, management emphasized efforts to mitigate risks associated with seasonal tr ...
MongoDB (MDB) Class Action Lawsuit has Commenced: Shareholders Have Begun Scrutinizing Sales Incentives, Restructure, and Unused Commitments – Johnson Fistel
GlobeNewswire News Room· 2024-07-18 13:27
Lead Plaintiff Deadline: September 9, 2024 The complaint alleges Defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning related to MongoDB's sales force incentive restructure, including: a significant reduction in the information gathered by their sales force as to the trajectory for the new Atlas enrollments without upfront commitments; reduced pressure on new e ...
MONGODB SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against MongoDB, Inc. - MDB
GlobeNewswire News Room· 2024-07-18 02:39
MongoDB investors should visit us at https://claimsfiler.com/cases/nasdaq-mdb/ or call toll-free (844) 367- 9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. On May 30, 2024, the Company released its first quarter fiscal year 2025 results, disclosing significantly reduced growth expectations and cutting fiscal year 2025 growth projections, due to the Company's decision to change its sales incentive structure to reduce enrollment frictions, along with some allegedly unantic ...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages MongoDB, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MDB
GlobeNewswire News Room· 2024-07-18 01:45
NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- SO WHAT: If you purchased MongoDB securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, MongoDB reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025. MongoDB attributed to a change in its "sales incentive structure," which led to a decreas ...
MongoDB (MDB) Rises As Market Takes a Dip: Key Facts
ZACKS· 2024-07-17 23:20
MongoDB (MDB) closed the most recent trading day at $262.76, moving +1.74% from the previous trading session. This move outpaced the S&P 500's daily loss of 1.39%. Meanwhile, the Dow gained 0.6%, and the Nasdaq, a tech-heavy index, lost 2.77%. The upcoming earnings release of MongoDB will be of great interest to investors. The company is forecasted to report an EPS of $0.48, showcasing a 48.39% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling ...
MongoDB, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before September 9, 2024 to Discuss Your Rights - MDB
Prnewswire· 2024-07-17 09:45
https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/?id=90897&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=90897&from=4 SOURCE The Gross Law Firm Shareholders who purchased shares of MDB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead ...
Johnson Fistel Reminds MongoDB Shareholders of Upcoming Class Action Deadline. Investors are Encouraged to Seek Counsel
GlobeNewswire News Room· 2024-07-16 18:30
SAN DIEGO, July 16, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP announces that a class action lawsuit has commenced on behalf of investors of MongoDB, Inc. (NASDAQ: MDB). SUBMIT YOUR INFORMATION NOW The class action is on behalf of shareholders who purchased or otherwise acquired securities between August 31, 2023 and May 30, 2024. Investors have until September 9, 2024, to move the Court to serve as lead plaintiff in this action. The Complaint alleges that during the Class Peri ...
MongoDB, Inc. Sued for Securities Law Violations – Contact Levi & Korsinsky Before September 9, 2024 to Discuss Your Rights – MDB
GlobeNewswire News Room· 2024-07-16 17:17
NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in MongoDB, Inc. ("MongoDB" or the "Company") (NASDAQ: MDB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MongoDB investors who were adversely affected by alleged securities fraud between August 31, 2023 and May 30, 2024. Follow the link below to get more information and be contacted by a member of our team: MDB investors may also contact Joseph E. Levi, Esq. via em ...