MNDY Insiders Sold at $92-$101; Stock Now at $84
monday.com's CRO and a director sold shares in four open-market transactions between August 31 and September 14, with prices ranging from $92.36 to $101.29 — the stock now trades at $83.66, and Wall S
MNDY Insiders Sold at $92-$101; Stock Now at $84
NEW YORK, September 27 —
Four consecutive earnings beats at monday.com Ltd. (MNDY), with the most recent posting a 33.2% positive surprise, have not kept the stock above where insiders exited. The CRO and a director sold in four open-market transactions between August 31 and September 14 at prices from $92.36 to $101.29; shares now sit at $83.66 after Wall Street Zen cut its rating.
- Most recent quarter: EPS $1.48 vs. $1.11 estimate, a 33.2% beat, fourth straight positive surprise and the widest.
- CRO sold at $92.36, $94.64; director sold at $100.25, $101.29; stock now $83.66.
- Short interest 17.1% of float; analyst consensus price target $109.
Execution Has Not Been the Problem
monday.com builds a Work OS, a cloud-based visual platform whose modular building blocks customers assemble into project management, CRM, agile development, and service desk software. Trailing twelve-month revenue of $1.37 billion is growing at 21.9%, with gross margin at 88.7% and free cash flow of $285 million, the profile of a business well into its maturity arc. The EPS beat sequence has been consistent: positive surprises of 32.0%, 13.1%, 23.6%, and 33.2% over four consecutive quarters, each estimate cleared by a wider margin than the last. That pattern ordinarily draws a premium. Here, it has not been enough.
The Selling Pattern
Director Aviad Eyal sold 2,000 shares in two tranches on August 31, collecting approximately $201,325 across both transactions. CRO James Case George sold 657 shares on September 2 and 819 shares on September 14, having exercised options on September 1 and September 12 before each sale. The stock, now at $83.66, sits below all four of those sale prices, the lowest of which was $92.36. A 3.42% single-session drop approximately four days before September 27, a rating cut from Wall Street Zen, and short interest at 17.1% of float add to the bearish signals around the name.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| MNDY | $3.5B | 12.5x | -58.5% |
| GTLB | $7.8B | 45.1x | +3.8% |
| GLBE | $6.7B | 20.1x | +9.5% |
| BILL | $3.8B | 10.2x | -17.5% |
| DUOL | $6.7B | 18.8x | -55.1% |
| ASAN | $2.1B | 19.8x | -32.6% |
What the Next Quarter Must Deliver
The forward P/E of 12.5x is compressed for a software business growing revenue at 21.9%, and the analyst consensus target of $109 sits far above current levels, implying either the market is pricing in a guidance cut or the stock is cheap relative to its execution record. Cash of $1.07 billion against $0.24 billion in debt leaves the balance sheet intact; anyone stress-testing the implied growth rate can use the DCF calculator. The number to watch is EPS guidance: if management guides below consensus, the insider exit prices look prescient; if guidance holds or rises, the compressed multiple may prove cheap. 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.
monday.com's CRO and a director sold shares in four open-market transactions between August 31 and September 14, with prices ranging from $92.36 to $101.29 — the stock now trades at $83.66, and Wall Street Zen cut its rating this week. With earnings approaching, the question is whether those insider exits correctly anticipated a ceiling or the market is underpricing four straight beat quarters.