3G Capital Partners LP Invests $3.65 Million 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 bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 15,000 shares of the company's stock, valued at approximately $3,647,000. monday.com accounts for 1.0% of 3G Capital Partners LP's investment portfolio, making the stock its 13th largest position.

A number of other institutional investors also recently modified their holdings of MNDY. The Manufacturers Life Insurance Company boosted its holdings in shares of monday.com by 2.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,623 shares of the company's stock worth $3,207,000 after purchasing an additional 274 shares during the period. Northern Trust Corp lifted its holdings in monday.com by 15.6% in the fourth quarter. Northern Trust Corp now owns 390,404 shares of the company's stock worth $91,917,000 after buying an additional 52,804 shares during the period. BNP Paribas Financial Markets purchased a new stake in monday.com in the fourth quarter worth about $65,898,000. Bank of America Corp DE lifted its holdings in monday.com by 21.5% in the fourth quarter. Bank of America Corp DE now owns 115,512 shares of the company's stock worth $27,196,000 after buying an additional 20,438 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in monday.com by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 7,041 shares of the company's stock worth $1,658,000 after buying an additional 85 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird lowered their price objective on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. TD Cowen lowered their price objective on shares of monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. UBS Group lowered their price objective on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. KeyCorp restated an "overweight" rating and issued a $330.00 price objective on shares of monday.com in a report on Monday, August 11th. Finally, Oppenheimer assumed coverage on shares of monday.com in a research note on Wednesday, August 27th. They set an "outperform" rating and a $300.00 target price for the company. One equities research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.59.

monday.com Trading Up 1.8%

NASDAQ:MNDY traded up $3.31 during trading hours on Friday, reaching $185.73. The company had a trading volume of 956,115 shares, compared to its average volume of 2,021,460. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 141.41, a PEG ratio of 10.96 and a beta of 1.25. The firm's 50 day moving average price is $245.06 and its 200-day moving average price is $264.57.

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

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.