monday.com Ltd. $MNDY Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in monday.com Ltd. by 80.9% during the second quarter, bringing its total holdings to 12,568 shares valued at approximately $3.98 million.
• monday.com reported earnings per share (EPS) of $1.09 for the last quarter, exceeding analyst estimates by $0.25, along with a 26.6% year-over-year revenue growth to $299.01 million.
• Wall Street analysts remain positive on monday.com, with a consensus rating of "Moderate Buy" and an average price target around $290.81, despite some price target adjustments.

Nordea Investment Management AB boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 80.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,568 shares of the company's stock after acquiring an additional 5,622 shares during the period. Nordea Investment Management AB's holdings in monday.com were worth $3,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. acquired a new stake in monday.com in the 1st quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in monday.com in the 1st quarter valued at about $25,000. NewEdge Advisors LLC grew its stake in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock valued at $50,000 after acquiring an additional 60 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY opened at $192.28 on Wednesday. The company's 50 day simple moving average is $188.68 and its 200 day simple moving average is $246.97. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64. The stock has a market capitalization of $9.76 billion, a PE ratio of 259.84, a P/E/G ratio of 8.79 and a beta of 1.24.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results 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. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same period last year, the company earned $0.94 earnings per share. The company'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. As a group, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MNDY shares. TD Cowen lowered 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. Morgan Stanley raised shares of monday.com from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $330.00 to $260.00 in a research note on Tuesday, August 12th. Oppenheimer initiated coverage on shares of monday.com in a research note on Wednesday, August 27th. They set an "outperform" rating and a $300.00 price target on the stock. DA Davidson decreased their price target 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price target on shares of monday.com in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $290.81.

About monday.com

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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