Alyeska Investment Group L.P. Purchases Shares of 3,653 monday.com Ltd. $MNDY

Key Points

• Alyeska Investment Group L.P. acquired 3,653 shares of monday.com Ltd. stock, valued at approximately $888,000, during the first quarter.
• monday.com reported a net margin of 3.63% and quarterly revenue of $299.01 million, which exceeded analysts' expectations.
• Various analysts have lowered their price targets for monday.com, with the average price target now at $303.59 and a general rating of "Moderate Buy."

Alyeska Investment Group L.P. bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,653 shares of the company's stock, valued at approximately $888,000.

Several other large investors have also recently made changes to their positions in MNDY. JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 851,231 shares during the last quarter. Price T Rowe Associates Inc. MD raised 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 valued at $583,969,000 after acquiring an additional 745,686 shares during the period. Rubicon Global Capital Ltd bought a new stake in monday.com in the 1st quarter valued at about $137,434,000. 1832 Asset Management L.P. bought a new stake in monday.com in the 1st quarter valued at about $115,744,000. Finally, T. Rowe Price Investment Management Inc. raised 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 valued at $224,759,000 after acquiring an additional 458,794 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Up 0.1%

Shares of MNDY stock traded up $0.15 during trading on Friday, hitting $191.95. The company had a trading volume of 946,465 shares, compared to its average volume of 1,181,745. The stock's 50-day moving average is $231.32 and its two-hundred day moving average is $259.79. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 259.40, a price-to-earnings-growth ratio of 11.53 and a beta of 1.25. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64.

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

Analyst Ratings Changes

MNDY has been the topic of a number of research reports. Jefferies Financial Group lowered their price objective on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price objective on shares of monday.com in a research note on Monday, August 18th. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Zacks Research cut monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Finally, TD Cowen lowered their price objective on monday.com from $360.00 to $290.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One research 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $303.59.

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.