Coronation Fund Managers Ltd. Has $20.38 Million Stock Holdings in monday.com Ltd. $MNDY

Key Points

• Coronation Fund Managers boosted its monday.com stake by 43.5% to 138,085 shares worth about $20.38 million, representing roughly 0.27% of monday.com and about 0.9% of Coronation’s portfolio (its 25th largest holding).
• Other institutions also increased positions (e.g., Migdal +75.9%), and institutional investors now own about 73.7% of monday.com’s stock.
• Despite recent analyst price-target cuts, the consensus rating is a Moderate Buy with an average target of $151.83, while the stock trades near $67.79 — well below its 52-week high of $316.98.

Coronation Fund Managers Ltd. increased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 43.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,085 shares of the company's stock after buying an additional 41,871 shares during the period. monday.com accounts for approximately 0.9% of Coronation Fund Managers Ltd.'s investment portfolio, making the stock its 25th biggest holding. Coronation Fund Managers Ltd. owned about 0.27% of monday.com worth $20,376,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of monday.com by 75.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 139,009 shares of the company's stock valued at $20,512,000 after buying an additional 60,000 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of monday.com in the 4th quarter valued at about $300,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of monday.com by 53.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,805 shares of the company's stock valued at $4,250,000 after buying an additional 10,020 shares during the period. Pekao Towarzystwo Funduszy Inwestycyjnych S.A. acquired a new stake in shares of monday.com in the 4th quarter valued at about $1,599,000. Finally, Chicago Capital LLC grew its stake in shares of monday.com by 61.6% in the 4th quarter. Chicago Capital LLC now owns 3,886 shares of the company's stock valued at $573,000 after buying an additional 1,481 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several research reports. BTIG Research reduced their target price on monday.com from $210.00 to $135.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Needham & Company LLC reduced their target price on monday.com from $250.00 to $125.00 and set a "buy" rating for the company in a research note on Monday, February 9th. Citigroup cut their price target on monday.com from $230.00 to $176.00 and set a "buy" rating for the company in a research note on Tuesday, February 10th. Robert W. Baird reiterated a "neutral" rating and set a $90.00 price target (down from $175.00) on shares of monday.com in a research note on Tuesday, February 10th. Finally, Guggenheim set a $130.00 price target on monday.com and gave the company a "buy" rating in a research note on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, monday.com has an average rating of "Moderate Buy" and a consensus price target of $151.83.

monday.com Stock Performance

MNDY stock opened at $67.79 on Friday. The company has a market capitalization of $3.47 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $316.98. The business has a 50-day simple moving average of $71.06 and a two-hundred day simple moving average of $123.04.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $0.13. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The business had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. During the same quarter in the previous year, the business earned $1.08 EPS. The company's quarterly revenue was up 24.6% on a year-over-year basis. As a group, sell-side analysts forecast that monday.com Ltd. will post 1.83 earnings per share for the current fiscal year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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