monday.com Ltd. $MNDY Shares Sold by Aragon Global Management LP

Key Points

• Aragon Global Management LP reduced its stake in monday.com Ltd. by 50%, now holding 44,104 shares, which represents about 4.1% of its investment portfolio.
• monday.com reported earnings of $1.09 per share, exceeding estimates, with a revenue increase of 26.6% year-over-year to $299.01 million for the latest quarter.
• A consensus rating of "Moderate Buy" has been assigned to monday.com, with a target price estimate of $303.59 from analysts.

Aragon Global Management LP decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,104 shares of the company's stock after selling 44,105 shares during the quarter. monday.com accounts for about 4.1% of Aragon Global Management LP's holdings, making the stock its 10th biggest position. Aragon Global Management LP owned about 0.09% of monday.com worth $10,724,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com during the first quarter worth $25,000. Summit Securities Group LLC purchased a new position in monday.com during the first quarter worth $25,000. Grove Bank & Trust purchased a new position in monday.com during the first quarter worth $30,000. First Horizon Advisors Inc. increased its position in 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 buying an additional 70 shares in the last quarter. Finally, Signaturefd LLC increased its position in monday.com by 50.7% during the first quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MNDY. Barclays dropped their price target on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Citigroup dropped their price target on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group dropped their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price target on shares of monday.com in a report on Monday, August 18th. Finally, TD Cowen cut their price target on monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $303.59.

monday.com Stock Down 1.4%

Shares of MNDY stock traded down $2.71 on Wednesday, reaching $184.63. 480,870 shares of the stock were exchanged, compared to its average volume of 933,441. The stock has a market cap of $9.37 billion, a P/E ratio of 249.85, a price-to-earnings-growth ratio of 11.60 and a beta of 1.25. The firm has a 50 day moving average of $249.78 and a two-hundred day moving average of $266.06. 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 released its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 6.32% and a net margin of 3.63%.The business's revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal 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.