HighTower Advisors LLC Trims Stock Position in monday.com Ltd. $MNDY

Key Points

• HighTower Advisors LLC reduced its stake in monday.com Ltd. by 22.9%, holding 6,192 shares worth approximately $1.5 million after selling 1,836 shares in the first quarter.
• Research analysts have lowered their price targets for monday.com, with JPMorgan and Jefferies setting new targets of $350.00 and $330.00 respectively, while maintaining "overweight" and "buy" ratings.
• monday.com reported quarterly earnings of $1.09 per share, exceeding estimates and indicating a 26.6% year-over-year revenue growth to $299.01 million.

HighTower Advisors LLC lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 22.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,192 shares of the company's stock after selling 1,836 shares during the quarter. HighTower Advisors LLC's holdings in monday.com were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MNDY. First Trust Advisors LP increased its holdings in shares of monday.com by 78.7% in the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company's stock worth $11,304,000 after buying an additional 21,139 shares during the last quarter. MetLife Investment Management LLC grew its holdings in monday.com by 27.8% during the 4th quarter. MetLife Investment Management LLC now owns 4,364 shares of the company's stock valued at $1,027,000 after purchasing an additional 948 shares during the last quarter. MML Investors Services LLC grew its holdings in monday.com by 4.0% during the 4th quarter. MML Investors Services LLC now owns 5,627 shares of the company's stock valued at $1,325,000 after purchasing an additional 218 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in monday.com during the 4th quarter valued at about $511,000. Finally, Stifel Financial Corp grew its holdings in monday.com by 4.6% during the 4th quarter. Stifel Financial Corp now owns 27,105 shares of the company's stock valued at $6,382,000 after purchasing an additional 1,199 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of monday.com stock traded up $1.47 during trading on Friday, hitting $190.98. 1,069,350 shares of the company's stock were exchanged, compared to its average volume of 926,000. The business has a 50-day simple moving average of $255.71 and a 200-day simple moving average of $269.13. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 258.09, a PEG ratio of 10.93 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS 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%. The firm's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Morgan Stanley upgraded shares of monday.com from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $330.00 to $260.00 in a research note on Tuesday, August 12th. DA Davidson dropped their target price on shares of monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Barclays dropped their target price on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Finally, Piper Sandler dropped their target price on shares of monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $303.59.

monday.com Company 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.