Baird Financial Group Inc. Has $2.84 Million Position in monday.com Ltd. $MNDY

Key Points

• Baird Financial Group Inc. reduced its stake in monday.com Ltd. by 21.2% in Q1, owning 11,695 shares valued at $2,844,000 after selling 3,142 shares.
• Institutional investors have shown increasing interest in monday.com, with JPMorgan Chase & Co. raising its holdings by 102.5% to over $408 million and other firms like Price T Rowe Associates Inc. and T. Rowe Price significantly increasing their stakes.
• monday.com reported earnings of $1.09 per share for the recent quarter, exceeding estimates, while revenue grew by 26.6% year-over-year, leading to a forecast of $0.46 EPS for FY 2025.

Baird Financial Group Inc. trimmed its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 21.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,695 shares of the company's stock after selling 3,142 shares during the quarter. Baird Financial Group Inc.'s holdings in monday.com were worth $2,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vident Advisory LLC lifted its stake in shares of monday.com by 12.2% in the 1st quarter. Vident Advisory LLC now owns 1,663 shares of the company's stock worth $404,000 after acquiring an additional 181 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of monday.com by 192,560.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 19,266 shares of the company's stock worth $4,685,000 after acquiring an additional 19,256 shares during the period. State of Wyoming lifted its stake in shares of monday.com by 20.2% in the 1st quarter. State of Wyoming now owns 1,493 shares of the company's stock worth $363,000 after acquiring an additional 251 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of monday.com by 16.9% in the 1st quarter. BNP Paribas Financial Markets now owns 327,290 shares of the company's stock worth $79,584,000 after acquiring an additional 47,395 shares during the period. Finally, Rafferty Asset Management LLC bought a new stake in shares of monday.com in the 1st quarter worth approximately $451,000. 73.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Baird R W upgraded monday.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Barclays cut their price target on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a report on Tuesday, August 12th. TD Cowen decreased their price objective on shares of monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Cowen reissued a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Finally, Citigroup cut their target price on shares of monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One 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 issued a Sell rating to the company. According to MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Trading Up 1.9%

MNDY stock traded up $3.50 during mid-day trading on Thursday, hitting $190.84. The stock had a trading volume of 444,331 shares, compared to its average volume of 932,329. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The company has a fifty day moving average of $235.68 and a 200 day moving average of $261.25. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 257.35, a PEG ratio of 11.64 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (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 business had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same period last year, the business posted $0.94 EPS. monday.com's revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share 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.