3G Capital Partners LP Makes New Investment in monday.com Ltd. $MNDY

Key Points

• 3G Capital Partners LP has acquired 15,000 shares of monday.com Ltd. ($MNDY), valued at approximately $3.6 million, making it 1.0% of their total holdings.
• Institutional investments in monday.com have been increasing, with firms like JPMorgan Chase and Price T Rowe Associates significantly growing their stakes in the last quarter.
• monday.com recently reported earnings of $1.09 per share for the last quarter, exceeding estimates, with a revenue increase of 26.6% year-over-year.

3G Capital Partners LP acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the company's stock, valued at approximately $3,647,000. monday.com accounts for approximately 1.0% of 3G Capital Partners LP's holdings, making the stock its 13th largest holding.

A number of other hedge funds also recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. purchased a new position in shares of monday.com in the first quarter worth approximately $25,000. Summit Securities Group LLC acquired a new position in monday.com in the 1st quarter worth approximately $25,000. Grove Bank & Trust acquired a new position in monday.com in the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. grew its position 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 purchasing an additional 70 shares in the last quarter. 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 valued at $53,000 after purchasing an additional 73 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Cowen restated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. Oppenheimer started coverage on monday.com in a research report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price target on the stock. Piper Sandler decreased their price objective on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Citigroup dropped their target price on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $303.59.

monday.com Stock Up 1.8%

Shares of MNDY traded up $3.31 during midday trading on Friday, reaching $185.73. 956,115 shares of the stock were exchanged, compared to its average volume of 2,021,460. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 250.99, a P/E/G ratio of 11.16 and a beta of 1.25. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The firm has a 50 day simple moving average of $242.61 and a 200-day simple moving average of $263.32.

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

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.