Benchstone Capital Management LP Has $37.60 Million Stock Position in monday.com Ltd. $MNDY

Key Points

• Benchstone Capital Management LP has increased its stake in monday.com Ltd. by 148.6% during Q1, making it the firm's 9th largest holding.
• monday.com reported $1.09 earnings per share (EPS) for the latest quarter, exceeding analysts' expectations of $0.84.
• Current institutional ownership of monday.com stands at 73.70%, indicating strong interest from hedge funds and institutional investors.

Benchstone Capital Management LP boosted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 148.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,638 shares of the company's stock after purchasing an additional 92,431 shares during the quarter. monday.com comprises approximately 4.0% of Benchstone Capital Management LP's portfolio, making the stock its 9th biggest holding. Benchstone Capital Management LP owned approximately 0.30% of monday.com worth $37,602,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WCM Investment Management LLC boosted its stake 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 buying an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of monday.com by 45.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after purchasing an additional 745,686 shares during the period. JPMorgan Chase & Co. increased its position in shares of monday.com by 102.5% in 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 during the period. T. Rowe Price Investment Management Inc. raised its position in monday.com by 98.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after purchasing an additional 458,794 shares during the last quarter. Finally, Rubicon Global Capital Ltd bought a new stake in monday.com in the first quarter valued at $137,434,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Down 1.5%

Shares of MNDY stock traded down $2.75 on Thursday, reaching $182.42. The company's stock had a trading volume of 1,071,069 shares, compared to its average volume of 936,148. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64. The stock's fifty day simple moving average is $247.52 and its 200-day simple moving average is $265.50. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 246.52, a price-to-earnings-growth ratio of 11.60 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm's revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley raised 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 report on Tuesday, August 12th. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Piper Sandler decreased their target price on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Cowen restated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Finally, Bank of America reiterated a "neutral" rating and issued a $205.00 price target (down from $240.00) on shares of monday.com in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company 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.