MongoDBNASDAQ: MDB

NEW YORK, NY / ACCESSWIRE / July 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MongoDB, Inc. ("Mongo") (NASDAQ:MDB) concerning possible violations of federal securities laws. On March 7, 2024, Mongo reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025.

Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company's guidance is for growth but tepid, anemic growth compared to the whisper expectations.

NEW YORK, NY / ACCESSWIRE / June 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MongoDB, Inc. ("Mongo") (NASDAQ:MDB) concerning possible violations of federal securities laws. On March 7, 2024, Mongo reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025.

Addison, Texas, June 20, 2024 (GLOBE NEWSWIRE) -- MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB Capital”), a public venture platform focused on launching category-leading deep technology companies, today announced the appointment of Daniel Torpey to its Board of Directors, effective June 17, 2024.

If the 25% drop after their Q1 earnings didn't tell you enough, the further 6% that MongoDB Inc NASDAQ: MDB has slid should. At a time when many of the bigger tech companies out there are back trading near, if not at, all-time highs, this was not good.

Companies that are judged on sales growth can be vulnerable to brutal sell-offs. MongoDB, Snowflake, and Atlassian all have high stock-based compensation expenses.

MongoDB, Inc. (NASDAQ:MDB ) 44th Annual William Blair Growth Stock Conference June 5, 2024 5:40 PM ET Company Participants Michael Gordon - CFO & COO Serge Tanjga - SVP Finance Conference Call Participants Jason Ader - William Blair Jason Ader With that said, I'm Jason Ader with William Blair. Very pleased to have Michael Gordon, COO and CFO of MongoDB; and Serge Tanjga, SVP of Finance.

MongoDB's guidance disappointed. The company cited macroeconomic concerns and customers pulling back on growth.

MongoDB stock crashed last week after the database company provided a lackluster outlook. The company sees AI as an opportunity to win workloads being modernized, but it may not have any real advantage over the competition.