Benchstone Capital Management LP raised its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 148.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,638 shares of the company's stock after purchasing an additional 92,431 shares during the quarter. monday.com accounts for about 4.0% of Benchstone Capital Management LP's holdings, 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 filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Spire Wealth Management raised its stake in monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares during the period. Farther Finance Advisors LLC increased its stake in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after buying an additional 52 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after acquiring an additional 55 shares during the period. First Horizon Advisors Inc. grew its position in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock worth $53,000 after purchasing an additional 73 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of monday.com from $360.00 to $290.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. 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. Loop Capital cut their price target on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Oppenheimer started coverage on shares of monday.com in a research note on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price objective for the company. Finally, KeyCorp reiterated an "overweight" rating and set a $330.00 target price on shares of monday.com in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.
Check Out Our Latest Research Report on MNDY
monday.com Price Performance
Shares of monday.com stock traded up $2.20 during midday trading on Friday, hitting $184.62. 479,342 shares of the company were exchanged, compared to its average volume of 934,648. The firm has a 50 day simple moving average of $245.06 and a 200-day simple moving average of $264.57. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The firm has a market cap of $9.37 billion, a P/E ratio of 249.55, a PEG ratio of 11.13 and a beta of 1.25.
monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The firm'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. Equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
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.
Further Reading
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 list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
