monday.com Ltd. $MNDY Shares Sold by Baird Financial Group Inc.

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. reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 21.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in monday.com during the 1st quarter worth about $25,000. Grove Bank & Trust purchased a new position in shares of monday.com during the 1st quarter valued at about $30,000. First Horizon Advisors Inc. raised its stake in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after buying an additional 73 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Bank of America restated a "neutral" rating and issued a $205.00 price target (down previously from $240.00) on shares of monday.com in a research note on Thursday, August 21st. Citigroup lowered their target price on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price objective on monday.com and gave the company an "overweight" rating in a report on Friday, June 13th. 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 research note on Tuesday, August 12th. Finally, Morgan Stanley upgraded monday.com from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $330.00 to $260.00 in a research note on Tuesday, August 12th. One equities research 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com Stock Performance

MNDY traded up $0.15 during trading on Friday, reaching $191.95. The company's stock had a trading volume of 946,465 shares, compared to its average volume of 1,181,745. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64. The company's fifty day moving average price is $231.32 and its 200-day moving average price is $259.79. The company has a market capitalization 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.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The company's revenue for the quarter 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. Equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current 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.