QUICK SPARK: MongoDB Stock Craters 18% after CEO Departure to Meta

MongoDB Inc. (NASDAQ: MBD) shares fell by 18.5% following the unexpected resignation of CEO Chirantan Desai, who is joining Meta Platforms. Dev Ittycheria, the former CEO, has returned as interim president and CEO. Despite this leadership change, MongoDB maintained its guidance for the third quarter with adjusted EPS projected at $1.57-$1.61, exceeding the $1.54 consensus, and fiscal 2027 EPS expected at $6.39-$6.58, above the $6.13 estimate.