Durable Capital Partners LP Has $45.30 Million Stake in monday.com Ltd. $MNDY

Key Points

• Durable Capital Partners LP reduced its stake in monday.com Ltd. by 60.2%, now holding 186,312 shares worth approximately $45.30 million as of its latest SEC filing.
• JPMorgan Chase & Co. significantly increased its holdings in monday.com by 102.5%, acquiring an additional 851,231 shares during the same period.
• monday.com reported a 26.6% year-over-year increase in revenue, reaching $299.01 million for the quarter, with an earnings per share (EPS) of $1.09, surpassing analysts' expectations.

Durable Capital Partners LP reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 60.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,312 shares of the company's stock after selling 281,290 shares during the period. Durable Capital Partners LP owned about 0.37% of monday.com worth $45,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the last quarter. Neuberger Berman Group LLC increased its stake in shares of monday.com by 34.5% in the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after buying an additional 104,968 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of monday.com by 8.7% in the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after buying an additional 1,500 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 worth $583,969,000 after buying an additional 745,686 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of monday.com in the first quarter worth $23,078,000. Institutional investors own 73.70% of the company's stock.

monday.com Stock Performance

Shares of monday.com stock traded up $3.31 during trading on Friday, hitting $185.73. 956,065 shares of the stock were exchanged, compared to its average volume of 937,546. The stock has a market cap of $9.43 billion, a PE ratio of 250.99, a P/E/G ratio of 11.13 and a beta of 1.25. The stock's fifty day moving average is $245.06 and its 200 day moving average is $264.57. 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 quarterly earnings data 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. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company's quarterly revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of several recent research reports. Bank of America reiterated a "neutral" rating and set a $205.00 target price (down previously from $240.00) on shares of monday.com in a research note on Thursday, August 21st. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a research note on Friday, August 22nd. Robert W. Baird lowered their target price on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Canaccord Genuity Group lowered their target price on shares of monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Finally, The Goldman Sachs Group lowered their target price on shares of monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.