1832 Asset Management L.P. acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 476,000 shares of the company's stock, valued at approximately $115,744,000. 1832 Asset Management L.P. owned about 0.94% of monday.com at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. ASR Vermogensbeheer N.V. purchased a new stake in monday.com in the 1st quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com during the 1st quarter valued at $25,000. Grove Bank & Trust bought a new position in shares of monday.com during the 1st quarter worth about $30,000. First Horizon Advisors Inc. lifted its position in shares of monday.com by 72.9% during the first 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, Farther Finance Advisors LLC boosted its holdings in shares of monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after buying an additional 52 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
monday.com Stock Up 2.7%
Shares of NASDAQ:MNDY traded up $4.71 during midday trading on Wednesday, reaching $180.62. 589,488 shares of the company were exchanged, compared to its average volume of 914,876. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The stock has a fifty day simple moving average of $259.78 and a two-hundred day simple moving average of $270.69. The firm has a market cap of $9.17 billion, a PE ratio of 244.08, a P/E/G ratio of 10.54 and a beta of 1.27.
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 (EPS) for the quarter, beating 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 firm 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 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. As a group, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on MNDY. Cowen reiterated a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Jefferies Financial Group cut their target price on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Citigroup cut their price objective on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Barclays cut their target price on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research note on Tuesday, August 12th. Finally, KeyCorp reaffirmed an "overweight" rating and set a $330.00 price objective on shares of monday.com in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given 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 an average price target of $303.59.
View Our Latest Research Report on MNDY
About monday.com
(
Free Report)
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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