monday.com Ltd. $MNDY is Rubicon Global Capital Ltd's Largest Position

Key Points

• Rubicon Global Capital Ltd significantly increased its stake in monday.com Ltd. by 155.3%, making it the largest holding in its portfolio at 71.8% of total assets.
• monday.com reported a net revenue growth of 26.6% year-over-year, with earnings per share of $1.09 for the last quarter, surpassing expectations.
• Analysts have mixed views on the stock, with a consensus rating of "Moderate Buy" and a target price of $296.86, showing room for potential growth despite recent price adjustments from various financial firms.

Rubicon Global Capital Ltd boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 155.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,442,900 shares of the company's stock after acquiring an additional 877,700 shares during the period. monday.com accounts for 71.8% of Rubicon Global Capital Ltd's portfolio, making the stock its largest holding. Rubicon Global Capital Ltd owned approximately 2.84% of monday.com worth $453,763,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the business. Signaturefd LLC lifted its position in monday.com by 97.2% during the second quarter. Signaturefd LLC now owns 428 shares of the company's stock valued at $135,000 after purchasing an additional 211 shares during the last quarter. Eagle Global Advisors LLC lifted its holdings in monday.com by 18.8% during the 2nd quarter. Eagle Global Advisors LLC now owns 9,500 shares of the company's stock valued at $2,988,000 after buying an additional 1,500 shares in the last quarter. Dakota Wealth Management lifted its holdings in monday.com by 3.0% during the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company's stock valued at $564,000 after buying an additional 52 shares in the last quarter. Cigna Investments Inc. New bought a new stake in monday.com during the 2nd quarter valued at about $239,000. Finally, Yarbrough Capital LLC lifted its holdings in monday.com by 38.4% during the 2nd quarter. Yarbrough Capital LLC now owns 4,381 shares of the company's stock valued at $1,378,000 after buying an additional 1,215 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Down 0.3%

Shares of monday.com stock opened at $206.59 on Monday. The firm's 50 day moving average price is $213.40 and its 200-day moving average price is $255.36. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64. The company has a market cap of $10.49 billion, a P/E ratio of 279.18, a PEG ratio of 9.76 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 (EPS) for the quarter, topping 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 firm had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the previous year, the firm earned $0.94 EPS. The company's quarterly 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. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MNDY shares. Zacks Research lowered shares of monday.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. Barclays reduced their price target on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Robert W. Baird reduced their price target on shares of monday.com from $310.00 to $240.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, Cowen restated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, monday.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.86.

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.

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