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

Posted by Brian Himes on Jul 11th, 2026

monday.com Ltd. (NASDAQ:MNDY – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $81.02, but opened at $77.69. monday.com shares last traded at $80.5810, with a volume of 90,012 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MNDY shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a report on Tuesday, May 12th. BTIG Research cut their price objective on monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Citigroup dropped their target price on shares of monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Oppenheimer set a $115.00 price target on shares of monday.com in a report on Monday, May 11th. Finally, TD Cowen upped their price target on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Seventeen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $126.48.

Check Out Our Latest Report on monday.com

monday.com Stock Performance

The company has a 50 day simple moving average of $77.49 and a two-hundred day simple moving average of $88.34. The company has a market cap of $4.22 billion, a PE ratio of 35.86, a PEG ratio of 4.19 and a beta of 1.26.

monday.com (NASDAQ:MNDY – Get Free Report) last issued its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The company had revenue of $351.26 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. As a group, analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On monday.com

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Advisory Services Network LLC acquired a new stake in monday.com during the third quarter valued at $28,000. EverSource Wealth Advisors LLC grew its stake in monday.com by 498.6% in the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares in the last quarter. Quarry LP acquired a new position in monday.com in the 4th quarter worth about $29,000. Finally, Abound Wealth Management acquired a new position in monday.com in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Company Profile

(Get Free Report)

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.