monday.com Ltd. $MNDY Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its holdings in monday.com Ltd. by 16.4%, acquiring an additional 8,353 shares, bringing its total ownership to 59,143 shares valued at approximately $14.38 million.
• Analysts have adjusted their price targets for monday.com, with DA Davidson lowering it from $325 to $275 while maintaining a "buy" rating, reflecting a more cautious outlook on the stock.
• monday.com reported a quarterly earnings per share (EPS) of $1.09, surpassing analysts' expectations of $0.84, with revenue of $299.01 million, a 26.6% increase year-over-year.

Deutsche Bank AG increased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 16.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,143 shares of the company's stock after purchasing an additional 8,353 shares during the quarter. Deutsche Bank AG owned 0.12% of monday.com worth $14,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. WCM Investment Management LLC lifted its holdings in shares of monday.com by 0.4% during the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after purchasing an additional 17,371 shares during the period. Rubicon Global Capital Ltd acquired a new stake in shares of monday.com during the first quarter worth about $137,434,000. T. Rowe Price Investment Management Inc. acquired a new position in monday.com in the fourth quarter valued at approximately $109,605,000. Assenagon Asset Management S.A. lifted its holdings in monday.com by 754.8% in the first quarter. Assenagon Asset Management S.A. now owns 440,622 shares of the company's stock valued at $107,142,000 after acquiring an additional 389,073 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in monday.com by 8.9% in the fourth quarter. Driehaus Capital Management LLC now owns 410,695 shares of the company's stock valued at $96,694,000 after acquiring an additional 33,606 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MNDY shares. Morgan Stanley raised monday.com from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $330.00 to $260.00 in a report on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price target on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. The Goldman Sachs Group decreased their price target on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Bank of America decreased their price target on monday.com from $340.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Robert W. Baird decreased their price target on monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, monday.com presently has an average rating of "Buy" and a consensus target price of $305.18.

monday.com Stock Performance

Shares of MNDY traded down $1.92 during trading hours on Tuesday, hitting $177.09. 393,303 shares of the stock were exchanged, compared to its average volume of 901,088. monday.com Ltd. has a 12-month low of $171.54 and a 12-month high of $342.64. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 239.52, a price-to-earnings-growth ratio of 5.91 and a beta of 1.27. The stock's 50-day moving average price is $274.12 and its two-hundred day moving average price is $274.23.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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 company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.