On March 7, 2024, the Company allegedly announced that due to the sales restructuring, it experienced an annual decrease of approximately $40 million in multiyear license revenue, anticipated near zero revenue from unused Atlas commitments (one of its core offerings) in fiscal year 2025, and provided a disappointing revenue growth forecast that trailed that of the prior year. This news caused the price of MongoDB stock to decline $28.59 per share, or about 7%, from $412.01 per share on March 7, 2024, to $38 ...

LOS ANGELES, July 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises MongoDB, Inc. ("MongoDB" or the "Company") (NASDAQ: MDB) Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. On March 7, 2024, MongoDB reporte ...

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 plaintiff is not required to partake in any recovery. https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/?id=90359&from=4 ALLEGATIONS: According to the complaint, on March 7, 2024, MongoDB reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025. MongoDB attributed it to ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against MongoDB, Inc. ("MongoDB" or the "Company") (NASDAQ: MDB) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired MongoDB securities between August 23, 2023, and May 30, 2024, both dates inclusive (the "Class Period"). Investors have ...

Addison, Texas, July 11, 2024 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) ("MDB"), a public venture platform focused on launching category-leading deep technology companies, today announces the record date, allocation preference, and expected timeline for the proposed offering for Invizyne Technologies, Inc. As a MDB "Big Idea" Company, the broker dealer subsidiary of MDB intends to give preference to holders of MDB Class A Shares (Nasdaq: MDBH) for allocations in the Invizyne offering as ...

Class Definition 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 lowered its guidance ...

NEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces a lawsuit has been filed against MongoDB, Inc. ("MongoDB" or the "Company") and certain of the Company's senior executives. What is the Lawsuit About? On March 7, 2024, the Company allegedly announced that due to the sales restructuring, it experienced an annual decrease of approximately $40 million in multiyear license revenue, anticipated near zero revenue from unused Atlas commitments (one of its ...

Core Viewpoint - The MongoDB class action lawsuit alleges that the company and its executives made misleading statements regarding revenue projections and growth expectations, leading to significant stock price declines following the announcement of reduced growth expectations and revenue losses [2][3][8]. Group 1: Allegations of Misleading Statements - The lawsuit claims that MongoDB created a false impression of having reliable information about its revenue outlook while downplaying risks from seasonality and macroeconomic factors [2]. - It is alleged that the restructuring of the sales force incentives led to a decrease in the quality of information regarding new Atlas enrollments, resulting in lower value enrollments compared to the previous incentive structure [2]. - The defendants are accused of providing materially flawed statements of confidence and growth projections that did not consider the worsening macroeconomic conditions [2]. Group 2: Impact of Announcements on Stock Price - On May 30, 2024, MongoDB announced significantly reduced growth expectations for fiscal year 2025, attributing the losses to changes in the sales incentive structure and unexpected macro headwinds, causing the stock price to drop nearly 24% [3]. - On March 7, 2024, the company reported an anticipated near-zero revenue from unused Atlas commitments, a decrease of approximately $40 million, which also led to a nearly 7% decline in stock price [8]. Group 3: Class Action Details - The class action lawsuit is titled Baxter v. MongoDB, Inc., and covers purchasers of MongoDB securities from August 31, 2023, to May 30, 2024, with a deadline of September 9, 2024, for seeking lead plaintiff status [6]. - The lawsuit charges MongoDB and its executives with violations of the Securities Exchange Act of 1934 [6].

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the "Class") who purchased or acquired the securities of MongoDB, Inc. ("MongoDB") (NASDAQ: MDB) between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"). For more information, submit a form at MongoDB, Inc. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, or call us at (21 ...

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Another notable valuation metric for ZM is its P/B ratio of 2.12. Investors use the P/B ratio to look at a stock's market value versus its book value, which is ...