BloombergSen Inc. Buys 1,630 Shares of monday.com Ltd. $MNDY

Key Points

• BloombergSen Inc. increased its stake in monday.com Ltd. by 38.4%, purchasing an additional 1,630 shares, bringing its total holdings to 5,879 shares valued at approximately $1.85 million.
• Other notable investors, including JPMorgan Chase & Co. and Price T Rowe Associates Inc. MD, significantly increased their positions in monday.com during the first quarter, contributing to institutional investors owning 73.70% of the stock.
• Despite strong earnings, monday.com shares recently dropped 4.8%, with analysts adjusting their price targets downward, resulting in an average rating of "Moderate Buy" with a target price of $292.36.

BloombergSen Inc. lifted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 38.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,879 shares of the company's stock after purchasing an additional 1,630 shares during the quarter. monday.com comprises 0.1% of BloombergSen Inc.'s investment portfolio, making the stock its 25th biggest holding. BloombergSen Inc.'s holdings in monday.com were worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. WCM Investment Management LLC raised its stake in monday.com by 0.4% during the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after buying an additional 17,371 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after acquiring an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after purchasing an additional 851,231 shares during the period. Rubicon Global Capital Ltd grew its position in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company's stock valued at $453,763,000 after purchasing an additional 877,700 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake in monday.com by 98.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after purchasing an additional 458,794 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Cantor Fitzgerald dropped their price objective on shares of monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a research note on Thursday, September 18th. Bank of America reiterated a "neutral" rating and set a $205.00 price objective (down from $240.00) on shares of monday.com in a report on Thursday, August 21st. TD Cowen reduced their price objective on shares of monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. UBS Group reduced their price objective on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Finally, Barclays reduced their price objective on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, monday.com has an average rating of "Moderate Buy" and an average target price of $292.36.

monday.com Stock Down 4.8%

MNDY opened at $184.32 on Thursday. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 249.08, a PEG ratio of 9.15 and a beta of 1.24. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The company's 50-day moving average price is $207.73 and its two-hundred day moving average price is $254.07.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate 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.

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