monday.com Ltd. $MNDY Shares Bought by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has increased its holdings in monday.com Ltd. by 113.7%, owning approximately 0.56% of the company, which is valued at $69.28 million.
• Equities analysts have mixed views on monday.com's stock; while some maintain a buy rating, others have lowered their price targets significantly, with a consensus price target of $303.59.
• monday.com reported strong earnings in its last quarter, with a revenue increase of 26.6% year-over-year and earnings per share of $1.09, exceeding analyst expectations.

Ameriprise Financial Inc. grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 113.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 284,889 shares of the company's stock after purchasing an additional 151,600 shares during the period. Ameriprise Financial Inc. owned approximately 0.56% of monday.com worth $69,282,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased 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 valued at $408,999,000 after purchasing an additional 851,231 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of monday.com by 8.7% in the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock valued at $4,538,000 after purchasing an additional 1,500 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of monday.com by 34.5% in the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock valued at $99,443,000 after purchasing an additional 104,968 shares during the period. Price T Rowe Associates Inc. MD increased 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 valued at $583,969,000 after purchasing an additional 745,686 shares during the period. Finally, Nuveen LLC acquired a new position in shares of monday.com in the first quarter valued at approximately $23,078,000. Institutional investors and hedge funds own 73.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in 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. Oppenheimer started coverage on monday.com in a research note on Wednesday. They issued an "outperform" rating and a $300.00 price target on the stock. 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. 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. Finally, TD Cowen decreased their price target 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 issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com Price Performance

MNDY traded up $3.49 during trading on Friday, reaching $193.00. 1,624,601 shares of the stock were exchanged, compared to its average volume of 1,993,156. The business's 50 day moving average price is $253.96 and its two-hundred day moving average price is $267.86. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 260.81, a P/E/G ratio of 11.60 and a beta of 1.27. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.monday.com's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the previous 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, analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

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.