# monday.com Ltd. (MNDY)

> Source: Nexqual · https://nexqual.com/MNDY · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, monday.com Ltd. (MNDY), nexqual.com/MNDY" · informational, not investment advice.

**Price:** USD 106.86 (+6.70% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 100.15 · day 100.03–110.53 · 52w 57.5–210.49 · market cap $4.52B · NMS

## Key facts
- 1 of 80 tracked superinvestors hold MNDY (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market sales, last ~7 months: 6 Form 4 filings, $766K; 4 not under a Rule 10b5-1 plan ($365K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.35 on a 1–5 scale) (26 analysts), mean target USD 108.56 (range 87–165).
- Total return with dividends: 1Y -45.5% vs S&P 500 +14.9%; 5Y -71.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 1.37, revenue estimate $369M.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold MNDY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Greg Alexander | Conifer Management | 4.77% | $29.0M | Unchanged |

## Insider sales (SEC Form 4, open-market, last ~7 months)
2 of 6 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-20 | Eyal Aviad | Director | 2,000 | $200K | 1% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-09-14 | George James Case | CRO | 819 | $76K | 10.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-02 | George James Case | CRO | 657 | $62K | 9.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-31 | Eyal Aviad | Director | 2,000 | $201K | 1% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-06-15 | George James Case | CRO | 838 | $66K | 45.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-02 | George James Case | CRO | 1,773 | $161K | 30.1% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.35 on a 1–5 scale), 26 analysts; mean target USD 108.56 (low 87, high 165).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Barclays | Downgrade | Overweight → Equal-Weight | $100 |
| 2026-09-29 | JP Morgan | Downgrade | Overweight → Neutral | $90 → $87 |
| 2026-08-11 | UBS | Target raised | Neutral | $85 → $95 |
| 2026-08-11 | Citigroup | Target lowered | Buy | $154 → $132 |
| 2026-08-11 | Wolfe Research | Downgrade | Outperform → Peer Perform |  |
| 2026-08-11 | TD Cowen | Reiterated | Buy | $110 |
| 2026-08-11 | Wells Fargo | Target lowered | Overweight | $130 → $120 |
| 2026-08-11 | BTIG | Reiterated | Buy | $105 |
| 2026-08-11 | Cantor Fitzgerald | Downgrade | Overweight → Neutral | $112 → $90 |
| 2026-08-10 | Piper Sandler | Maintained | Neutral | $90 |
| 2026-08-10 | BTIG | Reiterated | Buy | $105 |
| 2026-07-14 | BTIG | Target lowered | Buy | $115 → $105 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -45.5% | -71.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -45.7% | -22.3% |
| Volatility (annualized) | 67.1% | 67.7% |
| Max drawdown | -71.3% (Oct 2025→Apr 2026) | -84.5% (Oct 2021→Apr 2026) |

## Peers (Software - Application)
APPF (AppFolio, Inc.) USD 217.33 +0.06% · DSGX (The Descartes Systems Group Inc) USD 94 +1.74% · TTAN (ServiceTitan, Inc.) USD 85.2 +3.50% · IDCC (InterDigital, Inc.) USD 332.06 -0.78% · YMM (Full Truck Alliance Co. Ltd.) USD 8.35 -1.76% · PCTY (Paylocity Holding Corporation) USD 177.67 +4.93%

## More
Full page: https://nexqual.com/MNDY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in MNDY's own 20-F filed 2026-03-13 (https://www.sec.gov/Archives/edgar/data/1845338/000117891326000870/zk2634436.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Alphabet (Google) (GOOGL) | "To accomplish this, we utilize multiple data centers across multiple geographical regions of Amazon Web Services ("AWS") and Google Cloud Platform." |
| Supplier | Amazon (AMZN) | "To accomplish this, we utilize multiple data centers across multiple geographical regions of Amazon Web Services ("AWS") and Google Cloud Platform." |
| Customer | Meta Platforms (META) | "Our success depends, in part, on our ability to attract customers through paid and unpaid internet search results on web search engines, such as Google, and advertisements on social networking sites, such as Facebook." |
| Competitor | Microsoft (MSFT) | "For example, we currently directly compete with several large technology companies whose applications interface with our products, including Google and Microsoft." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $1.37 | $1.13 | +21.6% | $369.2M | 24 |
| Next quarter (ends 2026-12-31) | $1.53 | $1.18 | +29.2% | $385.6M | 24 |
| Current fiscal year (ends 2026-12-31) | $5.50 | $4.58 | +20.1% | $1.47B | 25 |
| Next fiscal year (ends 2027-12-31) | $6.70 | $5.56 | +20.6% | $1.69B | 25 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-09): ±21.0%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 92.8% | ±21.0% |
| 2026-12-18 | 56 | 81.3% | ±25.7% |
| 2027-01-15 | 84 | 69.5% | ±26.9% |
| 2027-02-19 | 119 | 76.7% | ±35.2% |
| 2027-03-19 | 147 | 75.0% | ±38.0% |
| 2027-05-21 | 210 | 74.5% | ±44.9% |