MDB - MongoDB (MDB) Faces Securities Class Action Following Investor Scrutiny Over Sales Incentive Restructure Unused Commitments – Hagens Berman | Benzinga
SAN FRANCISCO, July 12, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges MongoDB, Inc. (NASDAQ:MDB) investors who suffered substantial losses to submit your losses now.
| Class Period: Aug. 31, 2023 – May 30, 2024 |
| Lead Plaintiff Deadline: Sept. 9, 2024 |
| Visit: www.hbsslaw.com/investor-fraud/mdb |
| Contact the Firm Now: |
| MDB@hbsslaw.com |
| 844-916-0895 |
Class Action Lawsuit Against MongoDB, Inc. (MDB):
MongoDB Inc., a provider of document-database software, now faces an investor class action after revising its fiscal year 2025 revenue guidance twice in recent months.
Previously, MongoDB management expressed confidence in its ability to achieve its FY 2025 revenue targets. This confidence stemmed from initiatives such as restructuring sales force incentives and reducing pressure on upfront customer commitments. Additionally, management emphasized efforts to mitigate risks associated with seasonal trends and broader economic factors.
However, on March 7, 2024, MongoDB surprised investors with a downward revision of its ...
MDB) Faces Securities Class Action Following Investor Scrutiny Over Sales Incentive Restructure, Unused Commitments – Hagens Berman>Full story available on Benzinga.com