KLP Kapitalforvaltning AS Grows Position in monday.com Ltd. $MNDY

Key Points

• KLP Kapitalforvaltning AS increased its stake in monday.com Ltd. by 22.0%, acquiring a total of 13,850 shares valued at approximately $4,356,000 as of the most recent quarter.
• Despite recent declines, analysts maintain a generally optimistic outlook with a consensus rating of "Moderate Buy" and an average price target of $290.81.
• monday.com reported a 26.6% increase in year-over-year revenue for the quarter, posting earnings of $1.09 per share, which surpasses the analyst consensus estimate by $0.25.

KLP Kapitalforvaltning AS raised its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 22.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,850 shares of the company's stock after purchasing an additional 2,500 shares during the quarter. KLP Kapitalforvaltning AS's holdings in monday.com were worth $4,356,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MNDY. GAMMA Investing LLC raised its holdings in shares of monday.com by 24,216.7% in the 1st quarter. GAMMA Investing LLC now owns 1,459 shares of the company's stock worth $355,000 after purchasing an additional 1,453 shares during the period. Rhumbline Advisers raised its holdings in shares of monday.com by 6.4% during the 1st quarter. Rhumbline Advisers now owns 11,232 shares of the company's stock valued at $2,731,000 after buying an additional 671 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after buying an additional 52 shares during the period. Yousif Capital Management LLC raised its holdings in shares of monday.com by 4.6% during the 1st quarter. Yousif Capital Management LLC now owns 1,948 shares of the company's stock valued at $474,000 after buying an additional 85 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of monday.com during the 1st quarter valued at about $64,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MNDY shares. DA Davidson dropped their target price on monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Cantor Fitzgerald dropped their target price on monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a report on Thursday, September 18th. The Goldman Sachs Group dropped their target price on monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Cowen reiterated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. Finally, Robert W. Baird dropped their target price on monday.com from $310.00 to $240.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. One equities 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $290.81.

monday.com Trading Down 2.9%

Shares of MNDY opened at $185.03 on Friday. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 250.04, a PEG ratio of 9.01 and a beta of 1.24. The stock has a 50 day moving average of $194.86 and a 200-day moving average of $250.10. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The company had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business's revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

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.

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