Case Summary
monday.com
NASDAQ : MNDY
Case Details
- Potter v. monday.com Ltd. et al.
- Class Period:September 17, 2025 - February 6, 2026
- Date Filed:March 10, 2026
- Jurisdiction:U.S. District Court, Southern District of New York
- Docket Number: 1:26-cv-01956
- Lead Plaintiff Deadline: May 11, 2026
Seek Plaintiff 46
Overview
A class action lawsuit has been filed against monday.com Ltd. (“monday” or the “Company”) (NASDAQ : MNDY) and certain of the Company’s senior executive officers alleging violations of the federal securities laws. The monday lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired monday securities between September 17, 2025, and February 6, 2025, inclusive (the “Class Period”). Investors have until May 11, 2026, to seek appointment as lead plaintiff of the monday class action lawsuit.
Monday is an international company that develops software applications in the United States, Europe, the Middle East, Africa, and the United Kingdom. The Company offers a cloud-based Work Operating System (“Work OS”), a modular platform that enables users to build customized workflow and work management applications.
The complaint alleges that, throughout the Class Period Defendants made materially false and misleading statements regarding the Company’s growth prospects and long-term revenue targets. In particular, Defendants touted a $1.8 billion revenue target for 2027, emphasizing strong momentum driven by artificial intelligence (“AI”) innovation, enterprise expansion, and multi-product adoption, while failing to disclose adverse trends affecting the business. In truth, monday was experiencing decelerating customer growth, weaker expansion within existing accounts, and lengthening enterprise sales cycles. These headwinds undermined the Company’s ability to achieve its long-term projections.
The truth started to be revealed on November 10, 2025, when monday issued softer-than-expected guidance for the fourth quarter 2025 due to a shift in its performance marketing strategy. On this news, monday’s stock price fell $23.38 per share, or 12.3%, falling from $189.59 per share to $166.21 per share.
Then on February 9, 2026, Defendants announced a weaker outlook for the Company’s 2026 guidance and a strategic shift away from its long term 2027 revenue target of $1.8 billion. On this news, the price of monday’s common stock declined $20.37 per share, or nearly 21%, from a closing market price of $98.00 per share on February 6, 2026, to close at $77.63 per share on February 9, 2026.
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If you purchased or otherwise acquired monday securities between September 17, 2025, and February 6, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page.
You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com.
The deadline to apply to the Court to serve as a lead plaintiff in the monday class action lawsuit is May 11, 2026.