Diker Management LLC Takes Position 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 bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the company's stock, valued at approximately $973,000. monday.com accounts for 1.2% of Diker Management LLC's holdings, making the stock its 8th largest position.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management LLC lifted its position in 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 during the period. Price T Rowe Associates Inc. MD boosted its position in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after buying an additional 745,686 shares during the last quarter. JPMorgan Chase & Co. boosted its position in monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after buying an additional 851,231 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after buying an additional 458,794 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in monday.com by 1.3% in the first quarter. Alliancebernstein L.P. now owns 580,886 shares of the company's stock valued at $141,248,000 after buying an additional 7,656 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MNDY. Cowen reaffirmed a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. UBS Group cut their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Oppenheimer began coverage on monday.com in a research report on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price target on the stock. DA Davidson cut their price target on monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. Finally, Piper Sandler cut their price target on monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $303.59.

monday.com Price Performance

MNDY stock traded up $0.15 during trading on Friday, hitting $191.95. The stock had a trading volume of 946,465 shares, compared to its average volume of 1,181,745. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The stock has a market capitalization of $9.75 billion, a P/E ratio of 259.40, a PEG ratio of 11.53 and a beta of 1.25. The company's 50-day moving average price is $231.32 and its two-hundred day moving average price is $259.79.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 6.32% and a net margin of 3.63%.The business's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts expect 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.