Circle Wealth Management LLC Buys Shares of 1,942 monday.com Ltd. $MNDY

Key Points

• Circle Wealth Management LLC made a new investment in monday.com Ltd. during the first quarter, purchasing approximately 1,942 shares valued at $472,000.
• Analysts have rated monday.com as a "Moderate Buy" with a consensus target price of $303.59, while the stock has a current price at $171.46.
• monday.com reported quarterly earnings of $1.09 EPS, surpassing expectations, with revenue of $299.01 million marking a 26.6% increase compared to the previous year.

Circle Wealth Management LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,942 shares of the company's stock, valued at approximately $472,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WCM Investment Management LLC boosted its stake in shares of 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 acquiring an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 102.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in monday.com by 98.6% in 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. Finally, Rubicon Global Capital Ltd acquired a new stake in monday.com in the 1st quarter valued at $137,434,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MNDY shares. The Goldman Sachs Group reduced their price target on shares of monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of monday.com in a research report on Monday, August 18th. Jefferies Financial Group decreased their price objective on shares of monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Morgan Stanley raised shares of monday.com from an "equal weight" rating to an "overweight" rating and decreased their target price for the company from $330.00 to $260.00 in a research note on Tuesday, August 12th. Finally, Baird R W raised shares of monday.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Stock Performance

NASDAQ:MNDY traded up $4.66 during trading hours on Wednesday, hitting $180.57. The stock had a trading volume of 589,488 shares, compared to its average volume of 914,876. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 244.08, a P/E/G ratio of 10.54 and a beta of 1.27. The business's 50 day moving average is $259.78 and its 200-day moving average is $270.69.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 during 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 firm'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. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal 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.