Law Offices of Howard G. Smith Encourages monday.com Ltd.

Core Viewpoint - A class action lawsuit has been filed against monday.com Ltd. for securities fraud, alleging that the company made materially false statements and failed to disclose adverse facts about its business and growth prospects during the class period from September 17, 2025, to February 6, 2026 [1] Financial Performance - On November 10, 2025, monday.com reported third-quarter revenue of $316.9 million but projected only modest revenue growth for the fourth quarter, leading to a stock price drop of $23.38, or 12.3%, closing at $166.21 per share [1] - On February 9, 2026, the company rescinded its revenue target of $1.8 billion for fiscal year 2027, guiding for a significant deceleration in top-line growth for 2026, resulting in a further stock price decline of $20.37, or 20.8%, closing at $77.63 per share [1] Allegations in the Lawsuit - The lawsuit claims that the defendants failed to disclose that new customer growth was decelerating, existing account expansion was weaker, and enterprise sales cycles were longer, making the $1.8 billion revenue target increasingly unlikely to be met [1] - It is alleged that the defendants provided materially flawed statements of confidence and growth projections that did not account for these adverse factors [1] - The positive statements made by the defendants regarding the company's business and prospects were claimed to be materially misleading and lacked a reasonable basis [1]