MongoDB Stock Falls 16% as CEO Leaves for Meta
Yahoo Finance ·
MongoDB Stock Falls 16% as CEO Leaves for Meta Renato Neves, CFA Mon, September 28, 2026 at 11:05 AM EDT 1 min read MDB META This article first appeared on GuruFocus . MongoDB ( NASDAQ:MDB ), the database software company, fell 16.43% in premarket after it said CEO Chirantan "CJ" Desai had stepped down, effective immediately, to take a senior role at Meta Platforms ( NASDAQ:META ). Desai will join Meta as chief enterprise platform officer, reporting directly to CEO Mark Zuckerberg, CNBC reported . Warning! GuruFocus has detected 2 Warning Sign with MDB. Is MDB fairly valued? Test your thesis with our free DCF calculator. MongoDB's board named Dev Ittycheria interim president and CEO. Ittycheria ran the company from 2014 to 2025, a period in which annual revenue grew from about $35 million to more than $2.3 billion, and he has stayed on as an executive board member since. The board has hired an executive search firm to find a permanent replacement. Chairman Tom Killalea said "MongoDB's business is strong." The company also reaffirmed the third-quarter and fiscal 2027 guidance it issued on Sept. 1. The timing is awkward, with MongoDB set to host an Investor Day at Nasdaq MarketSite on Tuesday, Sept. 29, where the leadership team will outline its long-term strategy.
DYAX Investor Sentiment
Bullish (Long) 34% · Bearish (Short) 66%
422 participants
Related News
- Why Boeing Stock Just Dropped
- Top Midday Stories: MongoDB CEO Leaves to Lead Meta Enterprise Platform; Nvidia Ups Buyback Program by $150 Billion
- Hyperscaler Bang for Buck: The AI Capex ROI Has Two Clear Winners
- AI Stock Leader Arista Eyes Latest Buy Point With RS Line At New Highs
- Nvidia unveils security platform to rein in AI agents and $150bn stock buyback
- Physical AI chip developer SiMa.ai hits $1.45B valuation
