7,000 Shares in monday.com Ltd. $MNDY Purchased by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Key Points

• Generali Investments purchased 7,000 shares of monday.com Ltd. for approximately $2.2 million, making it the company's 24th largest holding.
• monday.com reported a 26.6% increase in revenue year-over-year for the last quarter, with earnings per share (EPS) of $1.09 surpassing the consensus estimate.
• Multiple analysts have adjusted their price targets for monday.com, with a consensus average target price of $290.81 and an overall moderate buy rating from research analysts.

Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 7,000 shares of the company's stock, valued at approximately $2,201,000. monday.com makes up approximately 1.1% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 24th biggest holding.

Several other hedge funds have also made changes to their positions in the business. Catalyst Capital Advisors LLC grew its holdings in shares of monday.com by 32.0% in the second quarter. Catalyst Capital Advisors LLC now owns 660 shares of the company's stock valued at $208,000 after purchasing an additional 160 shares in the last quarter. Ethic Inc. grew its stake in shares of monday.com by 11.4% in the second quarter. Ethic Inc. now owns 2,518 shares of the company's stock worth $775,000 after acquiring an additional 257 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of monday.com during the second quarter worth $218,000. Coronation Fund Managers Ltd. increased its position in shares of monday.com by 15.8% during the second quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company's stock worth $24,711,000 after acquiring an additional 10,693 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its stake in shares of monday.com by 5.8% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,518 shares of the company's stock valued at $792,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

MNDY opened at $196.23 on Friday. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The stock has a market capitalization of $9.96 billion, a P/E ratio of 265.18, a price-to-earnings-growth ratio of 9.01 and a beta of 1.24. The business's 50-day simple moving average is $189.31 and its 200-day simple moving average is $246.42.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Jefferies Financial Group cut their price target on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 11th. TD Cowen cut their target price on shares of monday.com from $360.00 to $290.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Robert W. Baird reduced their target price on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. UBS Group dropped their price objective on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen cut shares of monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and a consensus target price of $290.81.

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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