monday.com Ltd. $MNDY Shares Sold by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC reduced its stake in monday.com Ltd. by 44.5%, selling 182,789 shares during the first quarter, and now holds 0.45% of the company worth approximately $55.4 million.
• In the same period, several other hedge funds increased their stakes, with JPMorgan Chase boosting its position by 102.5% to own roughly $409 million in shares.
• monday.com reported a significant quarterly earnings performance, beating estimates with $1.09 earnings per share and a revenue of $299 million, marking a 26.6% increase year-over-year.

Driehaus Capital Management LLC lowered its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 44.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 227,906 shares of the company's stock after selling 182,789 shares during the quarter. Driehaus Capital Management LLC owned 0.45% of monday.com worth $55,418,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com during the 1st quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in monday.com during the 1st quarter worth approximately $25,000. Grove Bank & Trust purchased a new stake in monday.com in the first quarter valued at $30,000. First Horizon Advisors Inc. raised its position in monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after purchasing an additional 73 shares during the period. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY traded down $5.66 during trading on Tuesday, hitting $187.34. 1,934,746 shares of the company were exchanged, compared to its average volume of 934,684. The company has a fifty day moving average price of $252.04 and a 200-day moving average price of $266.61. The firm has a market capitalization of $9.51 billion, a PE ratio of 253.17, a P/E/G ratio of 11.60 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 posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 net margin of 3.63% and a return on equity of 6.32%. monday.com's revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on MNDY shares. UBS Group dropped their price target on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. KeyCorp restated an "overweight" rating and issued a $330.00 price target on shares of monday.com in a research note on Monday, August 11th. The Goldman Sachs Group lowered their price target on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research report on Wednesday, August 13th. Citigroup cut their price objective on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $250.00 target price on shares of monday.com in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $303.59.

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.