12 West Capital Management LP Invests $8.27 Million in monday.com Ltd. $MNDY

Key Points

• 12 West Capital Management LP acquired a new stake in monday.com Ltd. by purchasing 34,000 shares valued at approximately $8.27 million, making it the firm's 15th largest holding.
• monday.com reported an earnings per share (EPS) of $1.09 for the latest quarter, exceeding analyst estimates of $0.84, with quarterly revenue increasing by 26.6% compared to the previous year.
• Analysts have varied opinions on monday.com stock, with Zacks Research downgrading it to a "strong sell," while Goldman Sachs set a target price of $270.00, indicating ongoing interest and fluctuations in ratings.

12 West Capital Management LP acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,000 shares of the company's stock, valued at approximately $8,267,000. monday.com accounts for 1.2% of 12 West Capital Management LP's investment portfolio, making the stock its 15th biggest holding. 12 West Capital Management LP owned about 0.07% of monday.com as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the 1st quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in monday.com during the 1st quarter worth approximately $25,000. Grove Bank & Trust acquired a new position in monday.com during the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. raised its stake in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after buying an additional 70 shares during the period. Finally, Signaturefd LLC raised its stake in monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after buying an additional 73 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

NASDAQ MNDY traded up $3.31 on Friday, hitting $185.73. 956,115 shares of the stock traded hands, compared to its average volume of 2,021,460. The business's fifty day moving average is $242.61 and its two-hundred day moving average is $263.63. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 250.99, a PEG ratio of 10.96 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating 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 business had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. During the same period in the prior year, the company earned $0.94 earnings per share. monday.com's 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. Analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MNDY shares. Morgan Stanley raised monday.com from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. Bank of America reaffirmed a "neutral" rating and issued a $205.00 target price (down from $240.00) on shares of monday.com in a report on Thursday, August 21st. Baird R W raised monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Barclays reduced their target price on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Finally, DA Davidson reduced their target price on monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, monday.com has an average rating of "Moderate Buy" and an average target price of $303.59.

monday.com Company Profile

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.