Wellington Management Group LLP Sells 11,932 Shares of monday.com Ltd. $MNDY

Key Points

• Wellington Management Group LLP reduced its stake in monday.com by 28.4%, now owning 30,027 shares valued at approximately $7.3 million.
• Several institutional investors, including JPMorgan Chase & Co., increased their positions in the company, with JPMorgan boosting their stake by 102.5%.
• Analysts have mixed ratings on monday.com, with Morgan Stanley and JPMorgan issuing "overweight" ratings but lowering their price targets significantly, indicating some caution in their outlook.

Wellington Management Group LLP reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 28.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,027 shares of the company's stock after selling 11,932 shares during the period. Wellington Management Group LLP owned about 0.06% of monday.com worth $7,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock worth $408,999,000 after buying an additional 851,231 shares during the period. Public Sector Pension Investment Board boosted its position in monday.com by 8.7% during the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock valued at $4,538,000 after purchasing an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC boosted its position in monday.com by 34.5% during the first quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock valued at $99,443,000 after purchasing an additional 104,968 shares during the last quarter. Nuveen LLC acquired a new position in monday.com during the first quarter valued at approximately $23,078,000. Finally, Polen Capital Management LLC boosted its position in monday.com by 34.0% during the first quarter. Polen Capital Management LLC now owns 71,261 shares of the company's stock valued at $17,328,000 after purchasing an additional 18,075 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $3.49 during trading hours on Monday, reaching $193.00. 1,624,601 shares of the stock were exchanged, compared to its average volume of 2,014,878. The firm has a market capitalization of $9.80 billion, a price-to-earnings ratio of 260.81, a P/E/G ratio of 11.60 and a beta of 1.25. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The stock's fifty day simple moving average is $253.96 and its 200 day simple moving average is $267.49.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its 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 company 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 firm's quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. 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 research report on Tuesday, August 12th. 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 research report on Wednesday, August 13th. Citigroup reduced their price target on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Loop Capital reduced their price target on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Finally, TD Cowen dropped their price objective on 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 analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average 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.