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MDB INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that MongoDB, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
MDBMongoDB(MDB) 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 ...