MongoDB (MDB.US) CEO departs on the eve of investor day, analysts worry about outlook while retail sentiment turns contrarian "extremely bullish"
Zhito Finance APP has learned that analysts have expressed concerns about MongoDB's (MDB.US) outlook, while retail investors were extremely bullish ahead of the investor day. MongoDB's stock plunged more than 18% on Monday after the company's CEO, Chirantan "CJ" Desai, abruptly resigned to join Meta Platforms (META.US) to lead its newly created enterprise platforms business. Desai is leaving after less than a year in the company's top role.
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