monday.com Ltd. $MNDY Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,661 shares of the company's stock after buying an additional 1,500 shares during the quarter. Public Sector Pension Investment Board's holdings in monday.com were worth $4,538,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after buying an additional 851,231 shares during the period. Polen Capital Management LLC lifted its holdings in shares of monday.com by 34.0% in the 1st quarter. Polen Capital Management LLC now owns 71,261 shares of the company's stock valued at $17,328,000 after buying an additional 18,075 shares during the period. Nuveen LLC acquired a new stake in shares of monday.com in the 1st quarter valued at approximately $23,078,000. Citigroup Inc. lifted its holdings in shares of monday.com by 279.2% in the 1st quarter. Citigroup Inc. now owns 163,974 shares of the company's stock valued at $39,872,000 after buying an additional 120,737 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in shares of monday.com by 5.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 17,700 shares of the company's stock valued at $4,304,000 after buying an additional 900 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MNDY. Jefferies Financial Group reduced their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a report on Monday, August 11th. Baird R W upgraded monday.com from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 6th. Bank of America restated a "neutral" rating and issued a $205.00 price target (down previously from $240.00) on shares of monday.com in a research report on Thursday. Cowen reaffirmed a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Finally, DA Davidson lowered their price objective on shares of monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Price Performance

monday.com stock traded up $6.23 during mid-day trading on Friday, hitting $177.69. 439,847 shares of the company were exchanged, compared to its average volume of 911,170. The business's 50 day simple moving average is $266.37 and its two-hundred day simple moving average is $272.33. The company has a market capitalization of $9.02 billion, a P/E ratio of 239.79, a PEG ratio of 5.83 and a beta of 1.27. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64.

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

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.