Empowered Funds LLC Has $997,000 Position in monday.com Ltd. $MNDY

Key Points

• Empowered Funds LLC increased its monday.com stake by 4,194.6% in the first quarter, ending with 14,430 shares valued at approximately $997,000.
• Institutional investors and hedge funds own 73.7% of MNDY, with several firms also increasing their positions during recent quarters.
• monday.com reported quarterly earnings of $1.48 per share, beating estimates of $1.11, while revenue rose 21.9% year over year to $364.62 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $117.91, despite some recent downgrades.

Empowered Funds LLC increased its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4,194.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,430 shares of the company's stock after acquiring an additional 14,094 shares during the quarter. Empowered Funds LLC's holdings in monday.com were worth $997,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its stake in monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after buying an additional 106 shares during the period. American Century Companies Inc. grew its stake in monday.com by 75.3% in the second quarter. American Century Companies Inc. now owns 4,192 shares of the company's stock valued at $1,318,000 after acquiring an additional 1,801 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company's stock valued at $47,000 after acquiring an additional 65 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of monday.com by 28.8% during the second quarter. Cerity Partners LLC now owns 2,596 shares of the company's stock valued at $816,000 after acquiring an additional 580 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of monday.com during the second quarter worth approximately $398,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Zacks upgraded monday.com to “Strong Buy.” The upgrade reflects improving earnings expectations and could attract additional investor interest. Zacks.com
• Positive Sentiment: Rising earnings estimates are providing a near-term catalyst. Zacks said upward revisions to forecasts indicate that MNDY’s shares may continue moving higher. Rising Earnings Estimates
• Positive Sentiment: Zacks cited growing earnings optimism in assigning MNDY its highest rank. The upgrade to Zacks Rank #1, or “Strong Buy,” reinforces the improving fundamental outlook. Zacks Strong Buy Upgrade
• Positive Sentiment: Analysts’ average price target implies approximately 26.2% potential upside. The estimate is a positive sentiment indicator, although price targets are not guaranteed and can change. Analyst Price Target
• Positive Sentiment: BTIG and TD Cowen reiterated “Buy” ratings, maintaining institutional support for monday.com. BTIG Buy Rating TD Cowen Buy Rating
• Negative Sentiment: Wells Fargo lowered its expectations for MNDY’s stock price, while Citigroup issued a pessimistic forecast. These actions may weigh on sentiment and offset some of the recent bullish analyst commentary. Wells Fargo Forecast Citigroup Forecast

Analysts Set New Price Targets

MNDY has been the topic of a number of recent research reports. Zacks Research upgraded monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. Piper Sandler restated a "neutral" rating and set a $90.00 price objective on shares of monday.com in a report on Monday, August 10th. Wolfe Research lowered shares of monday.com from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, August 11th. BTIG Research reiterated a "buy" rating and set a $105.00 price objective on shares of monday.com in a report on Monday, August 10th. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.91.

monday.com Price Performance

Shares of MNDY stock opened at $87.52 on Monday. The firm has a 50-day moving average of $80.70 and a 200-day moving average of $78.22. monday.com Ltd. has a one year low of $57.50 and a one year high of $220.80. The company has a market cap of $4.48 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.21 and a beta of 1.24.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.37. The business had revenue of $364.62 million for the quarter, compared to analysts' expectations of $355.55 million. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The firm's revenue for the quarter was up 21.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. As a group, research analysts expect that monday.com Ltd. will post 2.09 earnings per share for the current fiscal year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com's visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company's product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.

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