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

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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 unanticipated macro headwinds.   On this news, the price of MongoDB’s shares fell nearly 24%, from a closing price of $310.00 per share on May 30, 2024 to $236.06 per share on May 31, 2024.The case is Baxter v.MongoDB, Inc., et al., 24-cv-05191.

NEW ORLEANS, July 24, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 9, 2024 to file lead plaintiff applications in a securities class action lawsuit against MongoDB, Inc.(NasdaqGM: MDB).

About the Lawsuit MongoDB and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

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Author / Journalist: SkyMedia, LLC

Category: Technology

Markets: ChinaUnited States

Topics: Share 2024 Mongodb Action Claimsfiler Information Free Shareholder Class Securities Investors

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Article Type: News Report

Published On: 2024-07-25 @ 02:21:00 (2 days ago)

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