2,443 Shares in monday.com Ltd. $MNDY Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired 2,443 shares of monday.com Ltd. for approximately $768,000, marking a new position in the company during the second quarter.
• Several institutional investors, including WCM Investment Management and JPMorgan Chase & Co., have significantly increased their stakes in monday.com recently, showing strong interest in the stock.
• Analysts have reduced their price targets for monday.com, with Goldman Sachs lowering theirs from $350.00 to $270.00, while the consensus rating remains a "Moderate Buy" with an average target price of $296.86.

Counterpoint Mutual Funds LLC acquired a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,443 shares of the company's stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC increased its position in monday.com by 0.4% during the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after purchasing an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in monday.com by 45.0% in 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 buying an additional 745,686 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after buying an additional 458,794 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in monday.com by 1.3% in the 1st quarter. Alliancebernstein L.P. now owns 580,886 shares of the company's stock worth $141,248,000 after buying an additional 7,656 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MNDY shares. The Goldman Sachs Group decreased their price target on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. Barclays decreased their price target on monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Citigroup decreased their price target on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Finally, Bank of America reissued a "neutral" rating and issued a $205.00 price target (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $296.86.

monday.com Price Performance

NASDAQ:MNDY opened at $211.99 on Tuesday. 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 $10.76 billion, a P/E ratio of 286.48, a P/E/G ratio of 10.36 and a beta of 1.25. The business has a 50 day simple moving average of $219.62 and a 200 day simple moving average of $256.24.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.94 EPS. The business's revenue for the quarter 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. Research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com 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.

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