Assenagon Asset Management S.A. trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 55.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 197,714 shares of the company's stock after selling 242,908 shares during the quarter. Assenagon Asset Management S.A. owned 0.39% of monday.com worth $62,177,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fulton Bank N.A. increased its position in shares of monday.com by 7.2% in the second quarter. Fulton Bank N.A. now owns 3,397 shares of the company's stock worth $1,068,000 after purchasing an additional 229 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in monday.com by 14.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,300 shares of the company's stock worth $1,352,000 after acquiring an additional 541 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of monday.com in the second quarter worth about $243,000. Parallel Advisors LLC grew its position in shares of monday.com by 130.9% in the 2nd quarter. Parallel Advisors LLC now owns 598 shares of the company's stock worth $188,000 after buying an additional 339 shares during the last quarter. Finally, Park National Corp OH bought a new stake in shares of monday.com during the 2nd quarter valued at about $241,000. 73.70% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MNDY. Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Robert W. Baird decreased their price objective on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley upgraded shares of monday.com from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $330.00 to $260.00 in a research report on Tuesday, August 12th. Zacks Research downgraded monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Finally, Wells Fargo & Company set a $365.00 price objective on monday.com and gave the stock an "overweight" rating in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $296.86.
Check Out Our Latest Analysis on monday.com
monday.com Price Performance
NASDAQ MNDY traded up $3.62 during trading hours on Tuesday, reaching $215.61. The company's stock had a trading volume of 398,673 shares, compared to its average volume of 962,106. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The company's 50-day moving average is $219.62 and its two-hundred day moving average is $256.24. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 291.31, a P/E/G ratio of 10.36 and a beta of 1.25.
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, 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 company had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the firm earned $0.94 EPS. monday.com's quarterly revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
About monday.com
(
Free Report)
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.
See Also
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
