monday.com(US:MNDY) Globenewswire·2026-03-25 18:26Core Viewpoint - A securities fraud class action has been filed against monday.com Ltd. for allegedly making materially false statements and failing to disclose adverse facts during the class period from September 17, 2025, to February 6, 2026 [2][6]. Group 1: Lawsuit Details - The lawsuit claims that during the class period, monday.com made misleading statements regarding its financial performance and growth expectations [6]. - On November 10, 2025, monday.com reported third quarter 2025 revenue of $316.9 million but indicated only a modest revenue increase for the fourth quarter, leading to a stock price drop of $23.38, or 12.3%, to close at $166.21 [6][7]. - On February 9, 2026, the company rescinded its $1.8 billion revenue target for 2027 and projected a significant deceleration in growth for 2026, causing the stock price to fall by $20.37, or 20.8%, to close at $77.63 [7]. Group 2: Legal Representation - Glancy Prongay Wolke & Rotter LLP is a law firm specializing in securities litigation, encouraging affected investors to contact them for potential claims [3][8]. - The firm has a strong track record in representing investors and has been recognized for its successes in securities class action cases [8].