Alliancebernstein L.P. Purchases 7,656 Shares of monday.com Ltd. $MNDY

Key Points

• Alliancebernstein L.P. increased its stake in monday.com by 1.3% during the first quarter, owning 580,886 shares valued at approximately $141.25 million.
• Several hedge funds, including Price T Rowe Associates and JPMorgan Chase & Co., have significantly raised their positions in monday.com, reflecting growing institutional interest.
• Analysts have set a consensus price target of $303.59 for monday.com, with varying ratings from "Strong Buy" to "Sell" among research firms.

Alliancebernstein L.P. grew its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 580,886 shares of the company's stock after purchasing an additional 7,656 shares during the period. Alliancebernstein L.P. owned about 1.14% of monday.com worth $141,248,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNDY. WCM Investment Management LLC raised its stake 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 valued at $1,007,550,000 after buying an additional 17,371 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of monday.com by 45.0% in the first 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 holdings in shares of monday.com by 102.5% in the first 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. grew its position in monday.com by 98.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after buying an additional 458,794 shares during the period. Finally, Rubicon Global Capital Ltd bought a new position in monday.com in the first quarter worth approximately $137,434,000. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded down $6.20 on Wednesday, reaching $187.44. The company's stock had a trading volume of 265,148 shares, compared to its average volume of 932,186. The company has a 50-day simple moving average of $237.94 and a 200 day simple moving average of $261.76. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64. The company has a market cap of $9.52 billion, a P/E ratio of 252.43, a PEG ratio of 11.46 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 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 last year, the firm earned $0.94 EPS. The firm'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. On average, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut their price objective on shares of monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Robert W. Baird cut their price target on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. KeyCorp reaffirmed an "overweight" rating and issued a $330.00 price objective on shares of monday.com in a research note on Monday, August 11th. Citigroup cut their price objective on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, Barclays decreased their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" 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 issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $303.59.

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.