HighTower Advisors LLC cut its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 22.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. WCM Investment Management LLC raised its holdings in monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after purchasing an additional 17,371 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after acquiring an additional 851,231 shares in the last quarter. Rubicon Global Capital Ltd acquired a new position in shares of monday.com during the first quarter valued at about $137,434,000. Assenagon Asset Management S.A. increased its holdings in shares of monday.com by 754.8% during the first quarter. Assenagon Asset Management S.A. now owns 440,622 shares of the company's stock valued at $107,142,000 after acquiring an additional 389,073 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in shares of monday.com by 8.9% during the fourth quarter. Driehaus Capital Management LLC now owns 410,695 shares of the company's stock valued at $96,694,000 after acquiring an additional 33,606 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.
monday.com Price Performance
NASDAQ:MNDY traded up $3.49 during midday trading on Friday, hitting $193.00. The company's stock had a trading volume of 1,624,601 shares, compared to its average volume of 1,993,156. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The firm's 50 day moving average is $253.96 and its 200-day moving average is $267.86. The firm has a market cap of $9.80 billion, a P/E ratio of 260.81, a P/E/G ratio of 11.60 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly 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. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the company earned $0.94 EPS. monday.com's quarterly revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Jefferies Financial Group cut their price objective on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Morgan Stanley upgraded shares of monday.com from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $330.00 to $260.00 in a report on Tuesday, August 12th. Robert W. Baird cut their price objective on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Canaccord Genuity Group cut their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. One 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.
Check Out Our Latest Research Report on monday.com
About monday.com
(
Free Report)
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.
See Also
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
