Amundi Sells 8,140 Shares of monday.com Ltd. $MNDY

Key Points

• Amundi has reduced its position in monday.com Ltd. by 3.4% during the first quarter, now owning 232,954 shares valued at approximately $54.4 million.
• Institutional investors currently hold 73.70% of monday.com's stock, with significant increases in holdings by firms such as JPMorgan Chase & Co. and Price T Rowe Associates.
• monday.com reported quarterly earnings of $1.09 per share, exceeding analysts' expectations, and its revenue was up 26.6% from the previous year.

Amundi trimmed its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232,954 shares of the company's stock after selling 8,140 shares during the period. Amundi owned 0.46% of monday.com worth $54,425,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake 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. Public Sector Pension Investment Board increased its stake in monday.com by 8.7% in the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after acquiring an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC increased its stake in monday.com by 34.5% in the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after acquiring an additional 104,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 worth $583,969,000 after acquiring an additional 745,686 shares during the last quarter. Finally, Nuveen LLC bought a new position in monday.com in the 1st quarter worth about $23,078,000. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MNDY shares. Piper Sandler dropped their price objective on shares of monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Zacks Research downgraded shares of monday.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Morgan Stanley raised shares of monday.com from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. Canaccord Genuity Group dropped their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Wall Street Zen downgraded shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, monday.com has an average rating of "Moderate Buy" and an average target price of $303.59.

monday.com Price Performance

monday.com stock traded up $0.15 during mid-day trading on Friday, hitting $191.95. The company's stock had a trading volume of 946,465 shares, compared to its average volume of 1,181,745. The stock has a market cap 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. The business has a 50 day moving average price of $231.32 and a 200-day moving average price of $259.79. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.