Public Sector Pension Investment Board increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,661 shares of the company's stock after purchasing an additional 1,500 shares during the quarter. Public Sector Pension Investment Board's holdings in monday.com were worth $4,538,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. acquired a new stake in monday.com during the 1st quarter worth approximately $25,000. Grove Bank & Trust acquired a new stake in monday.com during the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares during the period. Signaturefd LLC grew its position in monday.com by 50.7% in the first quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after acquiring an additional 73 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
Analyst Ratings Changes
A number of research firms have recently issued reports on MNDY. Morgan Stanley upgraded shares of monday.com from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $330.00 to $260.00 in a research note on Tuesday, August 12th. Needham & Company LLC reiterated a "buy" rating and set a $250.00 price objective on shares of monday.com in a research note on Monday. Barclays dropped their price objective on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group dropped their price objective on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Finally, TD Cowen dropped their price objective 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. 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 company. According to MarketBeat, monday.com currently has a consensus rating of "Moderate Buy" and an average target price of $303.59.
Check Out Our Latest Report on MNDY
monday.com Stock Down 1.4%
Shares of monday.com stock traded down $2.40 on Thursday, hitting $170.97. 975,964 shares of the company's stock traded hands, compared to its average volume of 912,006. The stock has a market cap of $8.68 billion, a P/E ratio of 231.43, a PEG ratio of 5.92 and a beta of 1.27. The firm's 50-day moving average is $268.92 and its 200 day moving average is $272.86. monday.com Ltd. has a 52-week low of $166.22 and a 52-week 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm 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 last year, the business 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 EPS for the current year.
monday.com 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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