monday.com Ltd. $MNDY Shares Acquired by Canada Pension Plan Investment Board

Key Points

• Canada Pension Plan Investment Board increased its stake in monday.com Ltd. by purchasing an additional 19,256 shares, bringing its total holdings to 19,266 shares worth approximately $4.68 million.
• Several research firms have downgraded their price targets for monday.com recently, with Barclays lowering its target to $258.00 and Robert W. Baird reducing theirs to $240.00.
• monday.com reported a 26.6% year-over-year revenue increase for the last quarter, with earnings per share of $1.09, exceeding analysts' expectations.

Canada Pension Plan Investment Board increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 192,560.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,266 shares of the company's stock after acquiring an additional 19,256 shares during the quarter. Canada Pension Plan Investment Board's holdings in monday.com were worth $4,685,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in shares of monday.com by 2.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 13,623 shares of the company's stock worth $3,207,000 after buying an additional 274 shares during the period. BNP Paribas Financial Markets purchased a new stake in monday.com during the 4th quarter valued at about $65,898,000. Bank of America Corp DE raised its stake in monday.com by 21.5% during the 4th quarter. Bank of America Corp DE now owns 115,512 shares of the company's stock worth $27,196,000 after acquiring an additional 20,438 shares during the period. Captrust Financial Advisors grew its holdings in shares of monday.com by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 7,041 shares of the company's stock valued at $1,658,000 after purchasing an additional 85 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of monday.com by 39.6% in the fourth quarter. Cetera Investment Advisers now owns 4,148 shares of the company's stock valued at $977,000 after acquiring an additional 1,177 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Up 2.7%

Shares of MNDY stock traded up $5.08 during trading hours on Monday, hitting $190.81. 511,174 shares of the company were exchanged, compared to its average volume of 934,814. The firm has a market cap of $9.69 billion, a PE ratio of 257.67, a PEG ratio of 11.16 and a beta of 1.25. The firm has a fifty day moving average of $242.61 and a 200 day moving average of $263.00. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64.

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, topping analysts' consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business's revenue was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MNDY shares. Wells Fargo & Company set a $365.00 price target on monday.com and gave the stock an "overweight" rating in a report on Friday, June 13th. Jefferies Financial Group lowered their target price on monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. UBS Group reduced their price objective on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Canaccord Genuity Group cut their price target on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, Morgan Stanley raised shares of monday.com from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $330.00 to $260.00 in a research report on Tuesday, August 12th. One investment 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 given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.