monday.com Ltd. $MNDY Shares Bought by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its stake in monday.com Ltd. by 16.9%, owning approximately 327,290 shares worth $79.58 million as of the latest SEC filing.
• Equities analysts have shown positive sentiment towards monday.com, with one firm upgrading the stock to a "strong-buy" rating and several others issuing revised target prices.
• monday.com reported a quarterly earnings of $1.09 per share, exceeding analysts' expectations and reflecting a year-over-year revenue growth of 26.6%.

BNP Paribas Financial Markets raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 16.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 327,290 shares of the company's stock after acquiring an additional 47,395 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.64% of monday.com worth $79,584,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in monday.com in the first quarter worth approximately $25,000. Grove Bank & Trust purchased a new position in monday.com in the first quarter worth approximately $30,000. First Horizon Advisors Inc. lifted its stake in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Down 1.5%

Shares of monday.com stock traded down $2.75 during trading on Thursday, reaching $182.42. The company's stock had a trading volume of 1,073,664 shares, compared to its average volume of 2,026,085. The company has a 50-day moving average price of $245.06 and a two-hundred day moving average price of $264.57. The firm has a market cap of $9.26 billion, a PE ratio of 246.52, a P/E/G ratio of 11.13 and a beta of 1.25. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The business 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 posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNDY. Bank of America reissued a "neutral" rating and set a $205.00 price objective (down previously from $240.00) on shares of monday.com in a report on Thursday, August 21st. Jefferies Financial Group cut their price objective on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Canaccord Genuity Group cut their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Oppenheimer began coverage on shares of monday.com in a report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price objective on the stock. Finally, Piper Sandler cut their price objective on shares of monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock 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 issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $303.59.

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.