NEW
YORK, July 12, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of MongoDB,
Inc. (NASDAQ: MDB).
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.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/?id=90359&from=4
CLASS PERIOD: August 31,
2023 to May 30, 2024
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 the Company's 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 price fell by
$28.59 per share to close at
$383.42 per share. Later, on
May 30, 2024, MongoDB further
lowered its guidance for the full year 2025 attributing it to
"macro impacting consumption growth." Analysts commenting on the
reduced guidance questioned if changes made to the Company's
marketing strategy "led to change in customer behavior and usage
patterns." Following this news, MongoDB's stock price fell by
$73.94 per share to close at
$236.06 per share.
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=90359&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of MDB during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is September 9, 2024. There is no cost or obligation
to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm