105,000 Shares in monday.com Ltd. $MNDY Purchased by Rheos Capital Works Inc.

Key Points

• Rheos Capital Works Inc. acquired 105,000 shares of monday.com Ltd. valued at approximately $33 million, representing 1.9% of their total holdings.
• Other significant investors like JPMorgan Chase & Co. and Public Sector Pension Investment Board have also increased their stakes in monday.com during the first quarter of 2023.
• monday.com reported a Q2 earnings per share (EPS) of $1.09, exceeding analysts' expectations, and reported a 26.6% increase in revenue compared to the same quarter the previous year.

Rheos Capital Works Inc. acquired a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 105,000 shares of the company's stock, valued at approximately $33,020,000. monday.com comprises about 1.9% of Rheos Capital Works Inc.'s holdings, making the stock its 16th largest holding. Rheos Capital Works Inc. owned about 0.21% of monday.com at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after acquiring an additional 851,231 shares during the last quarter. Public Sector Pension Investment Board raised its stake in monday.com by 8.7% in the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock valued at $4,538,000 after purchasing an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in monday.com by 34.5% in the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock valued at $99,443,000 after purchasing an additional 104,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of monday.com during the first quarter worth $23,078,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Performance

MNDY stock opened at $187.66 on Wednesday. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The firm has a market cap of $9.53 billion, a PE ratio of 253.60, a PEG ratio of 8.77 and a beta of 1.24. The firm's 50 day moving average price is $192.34 and its 200-day moving average price is $249.10.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company had revenue of $299.01 million during the quarter, compared to analysts' expectations of $293.60 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm's quarterly revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of several research reports. Cantor Fitzgerald decreased their price target on shares of monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a research note on Thursday, September 18th. Wells Fargo & Company started coverage on shares of monday.com in a report on Tuesday, September 30th. They issued an "overweight" rating and a $260.00 price objective for the company. DA Davidson decreased their target price on shares of monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. The Goldman Sachs Group lowered their target price on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Finally, Baird R W raised monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $290.81.

About monday.com

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.

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