MNDY Insiders Sell at $100 as Analysts Eye $109 Target
Director Aviad Eyal and Chief Revenue Officer James Case George sold a combined $263,000 in monday.com shares at $94 to $101 between August 31 and September 2, 2026 — just as the stock crossed its 200
MNDY Insiders Sell at $100 as Analysts Eye $109 Target
NEW YORK, September 12 —
monday.com Ltd. (MNDY) posted its fourth consecutive earnings beat last quarter, a 33% upside surprise, while its own director and chief revenue officer quietly sold $263,000 worth of stock at prices the market has not since reclaimed. The stock now trades at $86.84, below every insider sale in the cluster.
- Four consecutive EPS beats averaging 25%-plus; most recent: $1.48 vs. $1.11 consensus, a 33.2% surprise.
- Trailing free cash flow of $285 million; gross margin 88.7%; $1.07 billion cash vs. $240 million debt.
- Zero insider purchases in 90 days against approximately $330,000 in open-market sales; all exit prices above $86.84.
Selling Into the Upgrade Cycle
Director Aviad Eyal sold 2,000 shares across two transactions on August 31 at prices between $100.25 and $101.29. CRO James Case George exercised options for 1,474 shares on September 1 and sold 657 at $94.64 the following day. Both rounds of selling came as financial sites were reporting fresh upward analyst earnings revisions for monday.com—a window when insiders typically hold. Zero insider purchases occurred in the 90-day window. Shares then fell 8% in a single session, per Quiver Quantitative, and have not reclaimed any insider exit price.
An Earnings Machine at the Wrong Multiple
monday.com sells workflow software under brands including monday work management, monday CRM, and monday dev—covering project management, sales pipelines, and agile development. The company has beaten quarterly EPS estimates four consecutive quarters, most recently delivering $1.48 against a $1.11 consensus. Trailing free cash flow is $285 million on $1.37 billion in revenue growing 21.9%, with an 88.7% gross margin; the DCF calculator can stress-test whether those cash flows support the $109 analyst target. The stock trades at 13.0x forward earnings against $86.84.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| MNDY | $3.7B | 13.0x | -55.1% |
| GTLB | $7.8B | 45.3x | -6.2% |
| GLBE | $6.2B | 18.6x | +4.0% |
| BILL | $4.0B | 10.9x | -8.4% |
| DUOL | $6.7B | 18.8x | -49.6% |
| ASAN | $2.0B | 19.3x | -34.6% |
The Number That Breaks the Tie
The 52% trailing 12-month price decline leaves 16.3% of the float short, meaning a re-rating requires convincing the crowded skeptic trade, not just retaining institutional holders at 78.4%. The next quarterly EPS print is the cleaner test: a fifth consecutive beat validates the analyst case and frames the August-September selling as insiders cashing out near a local high. Beats that narrow toward zero or a revenue growth deceleration hand bears the confirmation they want. Run the free monday.com Ltd. deep-dive →
Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.
Director Aviad Eyal and Chief Revenue Officer James Case George sold a combined $263,000 in monday.com shares at $94 to $101 between August 31 and September 2, 2026 — just as the stock crossed its 200-day moving average and financial commentary sites reported fresh analyst earnings-estimate upgrades. The shares have since retreated to $86.84, below every insider exit price in the cluster.