Sands Capital Ventures LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 49,908 shares of the company's stock after acquiring an additional 1,630 shares during the quarter. monday.com comprises about 3.0% of Sands Capital Ventures LLC's portfolio, making the stock its 7th biggest holding. Sands Capital Ventures LLC owned approximately 0.10% of monday.com worth $12,136,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of monday.com by 102.5% during 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 during the last quarter. Rubicon Global Capital Ltd acquired a new stake in monday.com during the first quarter worth approximately $137,434,000. T. Rowe Price Investment Management Inc. acquired a new stake in monday.com during the fourth quarter worth approximately $109,605,000. Assenagon Asset Management S.A. grew its stake in monday.com by 754.8% during the first quarter. Assenagon Asset Management S.A. now owns 440,622 shares of the company's stock worth $107,142,000 after purchasing an additional 389,073 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in monday.com in the fourth quarter worth approximately $65,898,000. 73.70% of the stock is currently owned by institutional investors.
monday.com Stock Performance
Shares of NASDAQ MNDY traded up $6.43 during midday trading on Friday, hitting $177.89. 1,056,648 shares of the stock traded hands, compared to its average volume of 1,820,004. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64. The firm has a 50-day moving average of $264.33 and a two-hundred day moving average of $271.89. The firm has a market capitalization of $9.03 billion, a P/E ratio of 240.40, a PEG ratio of 5.98 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $1.09 EPS 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 for the quarter, compared to analysts' expectations of $293.60 million. During the same period last year, the firm earned $0.94 EPS. monday.com's revenue for the quarter 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. Equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Cowen restated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. KeyCorp restated an "overweight" rating and set a $330.00 target price on shares of monday.com in a research report on Monday, August 11th. UBS Group dropped their price target on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Jefferies Financial Group dropped their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Finally, Bank of America reissued a "neutral" rating and issued a $205.00 target price (down previously from $240.00) on shares of monday.com in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $303.59.
Check Out Our Latest Research Report on MNDY
monday.com Company Profile
(
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.
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