Metavasi Capital LP Has $3.52 Million Holdings in monday.com Ltd. $MNDY

Key Points

• Metavasi Capital LP has reduced its stake in monday.com Ltd. by 66.4%, selling 28,600 shares and retaining 14,475 shares, which are valued at approximately $3.52 million.
• Institutional ownership in monday.com is significant, with over 73.7% of the company's stock held by institutional investors, including notable increases from JPMorgan Chase & Co. and Price T Rowe Associates.
• monday.com recently reported quarterly earnings of $1.09 per share, exceeding expectations and indicating a 26.6% increase in revenue year-over-year.

Metavasi Capital LP lessened its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,475 shares of the company's stock after selling 28,600 shares during the quarter. monday.com makes up about 2.2% of Metavasi Capital LP's holdings, making the stock its 18th biggest holding. Metavasi Capital LP's holdings in monday.com were worth $3,520,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares in the last quarter. Neuberger Berman Group LLC lifted its position in monday.com by 34.5% in the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock worth $99,443,000 after buying an additional 104,968 shares in the last quarter. Public Sector Pension Investment Board lifted its position in monday.com by 8.7% in the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock worth $4,538,000 after buying an additional 1,500 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in monday.com by 45.0% in 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 buying an additional 745,686 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in monday.com in the 1st quarter worth approximately $23,078,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Stock Up 1.8%

Shares of MNDY traded up $3.31 during mid-day trading on Friday, hitting $185.73. 956,065 shares of the company's stock were exchanged, compared to its average volume of 937,546. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The firm has a fifty day moving average of $245.06 and a two-hundred day moving average of $264.57. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 250.99, a P/E/G ratio of 11.13 and a beta of 1.25.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Cowen reiterated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Zacks Research downgraded shares of monday.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Jefferies Financial Group cut their target price on shares of monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Loop Capital dropped their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group dropped their price target on shares of monday.com from $350.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $303.59.

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.