Aragon Global Management LP Decreases Holdings in monday.com Ltd. $MNDY

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 reduced its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 50.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,104 shares of the company's stock after selling 44,105 shares during the quarter. monday.com makes up approximately 4.1% of Aragon Global Management LP's investment portfolio, making the stock its 10th biggest position. Aragon Global Management LP owned approximately 0.09% of monday.com worth $10,724,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the first quarter valued at about $25,000. Summit Securities Group LLC bought a new stake in monday.com during the first quarter valued at about $25,000. Grove Bank & Trust bought a new stake in monday.com during the first quarter valued at about $30,000. First Horizon Advisors Inc. raised its holdings in monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after acquiring an additional 52 shares during the period. 73.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. UBS Group decreased their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a report 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 report on Tuesday, August 12th. Needham & Company LLC reissued a "buy" rating and set a $250.00 price target on shares of monday.com in a report on Monday, August 18th. Finally, Oppenheimer initiated coverage on monday.com in a research report on Wednesday. They set an "outperform" rating and a $300.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Stock Up 4.2%

Shares of monday.com stock opened at $189.51 on Friday. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of 256.10, a PEG ratio of 10.93 and a beta of 1.27. The business has a 50-day moving average price of $255.71 and a 200-day moving average price of $269.13. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64.

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. The company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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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