monday.com (NASDAQ:MNDY) Shares Down 6.7% – Here’s What Happened

monday.com Ltd. (NASDAQ:MNDY) dropped 6.7% during mid-day trading on Friday . The stock traded as low as $58.25 and last traded at $58.2170. Approximately 1,551,795 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 2,309,116 shares. The stock had previously closed at $62.39.

Trending Headlines about monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Wells Fargo maintained a buy rating on monday.com, which supports the case that some analysts still see long‑term upside despite the pullback. Wells Fargo Keeps Buy Rating
• Neutral Sentiment: Multiple law firms have issued investor alerts and are soliciting lead plaintiffs for potential securities class actions; these notices are procedural and do not by themselves establish liability, but they mark an elevated legal‑risk headline that investors must monitor (May 11 lead‑plaintiff deadline). Gross Law Firm Alert
• Negative Sentiment: At least half a dozen plaintiff firms (Faruqi & Faruqi, Schall, Rosen, Pomerantz, Robbins, Bernstein Liebhard, Cruz, et al.) have publicly opened investigations or invited claims tied to the same class period—heightening the perception of imminent litigation, discovery costs, and potential settlements. These coordinated filings/solicitations typically pressure shares, increase uncertainty, and can distract management. Faruqi & Faruqi Notice
• Negative Sentiment: Sector‑wide weakness: coverage characterizing a “SaaS‑pocalypse” has named monday.com among the hardest hit names, fueling thematic selling in software/AI‑adjacent growth stocks. That amplifies any company‑specific negative headlines. SaaS‑pocalypse Coverage

Wall Street Analyst Weigh In

MNDY has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of monday.com from $200.00 to $130.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Zacks Research raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 2nd. Jefferies Financial Group downgraded shares of monday.com from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $260.00 to $80.00 in a research note on Monday, February 23rd. Canaccord Genuity Group decreased their price objective on shares of monday.com from $190.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, February 10th. Finally, Barclays set a $115.00 price objective on shares of monday.com in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $153.29.

monday.com Stock Down 6.8%

The company’s 50 day moving average price is $76.62 and its two-hundred day moving average price is $133.24. The stock has a market cap of $2.97 billion, a P/E ratio of 25.82, a P/E/G ratio of 1.21 and a beta of 1.29.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the period. Advisory Services Network LLC purchased a new position in monday.com during the third quarter valued at approximately $28,000. Quarry LP purchased a new position in monday.com during the fourth quarter valued at approximately $29,000. Abound Wealth Management purchased a new position in monday.com during the fourth quarter valued at approximately $30,000. Finally, Promus Capital LLC purchased a new position in monday.com during the second quarter valued at approximately $45,000. Institutional investors own 73.70% of the company’s stock.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.