BUZZ-MongoDB shares plunge as CEO resigns after a short tenure

September 28 - ** Database software company MongoDB's MDB.O stock price plunged 16.7% in pre-market trading to $342

** It is reported (link) CEO Chirantan “CJ” Desai has resigned effective immediately and Dev Ittycheria has been appointed as interim CEO

** Desai, who served as CEO for less than one year, will move to a senior position at Meta META.O

** Third quarter and fiscal year 2027 performance expectations reaffirmed

** Of 43 brokers, 35 rate the stock as “buy” or higher, 8 rate it as “hold”; the median target price is $470

** As of the previous trading day's close, the stock had fallen 2.2% year-to-date

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