MDB is trading at $240.13 (-26%) as investors react to disappointing Q1 guidance and news of sales leadership changes, overshadowing a Q4 earnings beat.
- Despite reporting Q4 revenue of $695M (up 27% YoY) and EPS of $1.65, shares plunged due to a cautious outlook for the upcoming quarter.
- Management projected Q1 revenue of $659M-$664M and EPS of $1.15-$1.19, both of which fell short of analyst expectations of $662M and $1.21.
- The decline extends a sharp after-hours selloff fueled by executive transitions and a broader risk-off sentiment in the market.