monday.com Ltd. $MNDY Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has significantly reduced its stake in monday.com Ltd. by 78.8%, selling 121,108 shares and retaining only about 0.06% of the company, worth approximately $7.9 million.
• Multiple institutional investors have adjusted their positions, with JPMorgan Chase & Co. increasing its stake by 102.5% to own 1,682,013 shares valued at roughly $409 million after acquiring 851,231 shares in Q1.
• Despite the recent downgrade by Wall Street Zen from "buy" to "hold," the consensus target price for monday.com shares remains positive at $303.59, with an average rating of "Moderate Buy" among analysts.

Invesco Ltd. decreased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 78.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,518 shares of the company's stock after selling 121,108 shares during the period. Invesco Ltd. owned approximately 0.06% of monday.com worth $7,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNDY. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter valued at about $25,000. Grove Bank & Trust purchased a new position in monday.com in the first quarter valued at about $30,000. First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares during the last quarter. Signaturefd LLC boosted its holdings 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 purchasing an additional 73 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in monday.com by 32.7% in 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 last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Up 1.8%

NASDAQ MNDY traded up $3.49 on Friday, hitting $193.00. 1,624,601 shares of the stock traded hands, compared to its average volume of 2,014,878. The stock has a 50-day moving average of $253.96 and a 200 day moving average of $267.49. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The company has a market capitalization of $9.80 billion, a P/E ratio of 260.81, a price-to-earnings-growth ratio of 11.60 and a beta of 1.25.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. The business 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 business's quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

MNDY has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price target on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Canaccord Genuity Group reduced their price target on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Needham & Company LLC reissued a "buy" rating and issued a $250.00 price target on shares of monday.com in a report on Monday, August 18th. JPMorgan Chase & Co. cut their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Cowen restated a "buy" rating on shares of monday.com in a research note 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com 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.