Diker Management LLC Makes New Investment in monday.com Ltd. $MNDY

Key Points

• Diker Management LLC has acquired a new stake in monday.com Ltd. by purchasing 4,000 shares valued at approximately $973,000, making it the company's 8th largest position in their portfolio.
• monday.com recently reported a strong quarterly performance with an EPS of $1.09, surpassing estimates and marking a 26.6% increase in revenue year-over-year.
• Several analysts have revised their price targets for monday.com, with the consensus rating currently at "Moderate Buy" and an average target price of $303.59.

Diker Management LLC purchased a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,000 shares of the company's stock, valued at approximately $973,000. monday.com comprises 1.2% of Diker Management LLC's investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new stake in monday.com during the 1st quarter worth $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com in the 1st quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after buying an additional 106 shares during the period. Grove Bank & Trust acquired a new position in shares of monday.com in the 1st quarter valued at $30,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MNDY shares. Cowen reissued a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. Morgan Stanley raised shares of 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. Barclays decreased their price target on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price target on shares of monday.com in a report on Monday, August 18th. Finally, Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and an average price target of $303.59.

monday.com Price Performance

NASDAQ:MNDY traded up $3.45 during mid-day trading on Monday, reaching $195.40. The stock had a trading volume of 548,868 shares, compared to its average volume of 932,655. The stock has a 50-day simple moving average of $231.32 and a two-hundred day simple moving average of $259.20. The stock has a market capitalization of $9.92 billion, a PE ratio of 263.90, a P/E/G ratio of 11.54 and a beta of 1.25. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (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 firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

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.