monday.com Ltd. $MNDY Stock Holdings Lowered by Ion Asset Management Ltd.

Key Points

• Ion Asset Management Ltd. has reduced its stake in monday.com Ltd. by 18.8%, now holding around 39,780 shares, which accounts for 0.6% of its holdings.
• Several institutional investors have increased their stakes in monday.com, with Price T. Rowe Associates raising its position by 45% and JPMorgan Chase & Co. increasing its stake by over 102% in the first quarter.
• monday.com recently reported earnings of $1.09 per share, surpassing the consensus estimate by $0.25, with revenue growth of 26.6% year-over-year.

Ion Asset Management Ltd. lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,780 shares of the company's stock after selling 9,220 shares during the period. monday.com makes up approximately 0.6% of Ion Asset Management Ltd.'s portfolio, making the stock its 18th biggest holding. Ion Asset Management Ltd. owned approximately 0.08% of monday.com worth $9,673,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ASR Vermogensbeheer N.V. purchased a new position in monday.com during the first quarter worth approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com in the first quarter worth $25,000. Grove Bank & Trust acquired a new stake in shares of monday.com in the first quarter worth $30,000. First Horizon Advisors Inc. increased its position in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Morgan Stanley raised monday.com from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $330.00 to $260.00 in a research report on Tuesday, August 12th. Citigroup reduced their price target on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research report on Tuesday, August 12th. The Goldman Sachs Group lowered their price target on shares of monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Finally, Jefferies Financial Group lowered their price target on shares of monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com Trading Down 2.9%

NASDAQ MNDY traded down $5.55 during trading hours on Wednesday, reaching $188.08. 330,867 shares of the company traded hands, compared to its average volume of 932,568. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The stock has a market capitalization of $9.55 billion, a PE ratio of 254.47, a PEG ratio of 11.46 and a beta of 1.25. The company has a 50 day moving average of $237.94 and a two-hundred day moving average of $261.76.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million for the quarter, compared to analyst estimates 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 was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.