Inflection Point Investments LLP Takes Position in monday.com Ltd. $MNDY

Key Points

• Inflection Point Investments LLP has acquired a new stake in monday.com Ltd., purchasing 10,100 shares valued at approximately $3.18 million, which now represents 6.0% of their holdings.
• Several institutional investors, including JPMorgan Chase & Co. and Price T Rowe Associates Inc., have significantly increased their stakes in monday.com during the first quarter of the year, highlighting strong investor interest.
• Wall Street analysts have mixed ratings on monday.com, with a consensus of "Moderate Buy" and an average price target of $290.81, indicating potential for growth despite recent fluctuations.

Inflection Point Investments LLP acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,100 shares of the company's stock, valued at approximately $3,176,000. monday.com accounts for approximately 6.0% of Inflection Point Investments LLP's holdings, making the stock its 10th biggest holding.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after buying an additional 851,231 shares during the period. Public Sector Pension Investment Board increased its stake in shares of monday.com by 8.7% during the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after acquiring an additional 1,500 shares during the period. Neuberger Berman Group LLC increased its stake in shares of monday.com by 34.5% during the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after acquiring an additional 104,968 shares during the period. Price T Rowe Associates Inc. MD increased its position in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after purchasing an additional 745,686 shares during the period. Finally, Nuveen LLC acquired a new position in monday.com during the 1st quarter worth approximately $23,078,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Cowen reiterated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Wells Fargo & Company assumed coverage on monday.com in a report on Tuesday, September 30th. They set an "overweight" rating and a $260.00 price objective on the stock. Bank of America reaffirmed a "neutral" rating and set a $205.00 price target (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. Robert W. Baird lowered their price target on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Baird R W upgraded shares of monday.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $290.81.

monday.com Trading Up 0.3%

Shares of NASDAQ MNDY opened at $185.65 on Tuesday. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 250.88, a PEG ratio of 8.74 and a beta of 1.24. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The company's 50-day moving average price is $193.58 and its 200 day moving average price is $249.53.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.25. The firm had revenue of $299.01 million for the quarter, compared to analysts' expectations 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 period in the prior year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.