monday.com Ltd. $MNDY Position Lifted by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has increased its holdings in monday.com by 5.1% during the first quarter, owning 332,845 shares valued at approximately $80.9 million.
• Several institutional investors, including JPMorgan Chase & Co., have significantly boosted their positions in monday.com, reflecting strong institutional interest in the company.
• monday.com's latest earnings report showed a 26.6% year-over-year revenue increase and earnings per share of $1.09, surpassing analyst expectations.

Voya Investment Management LLC increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 332,845 shares of the company's stock after purchasing an additional 16,201 shares during the quarter. Voya Investment Management LLC owned 0.66% of monday.com worth $80,935,000 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 the business. Rhumbline Advisers increased its position in monday.com by 6.4% during the 1st quarter. Rhumbline Advisers now owns 11,232 shares of the company's stock worth $2,731,000 after purchasing an additional 671 shares in the last quarter. Strs Ohio acquired a new stake in monday.com during the 1st quarter worth approximately $7,397,000. Diker Management LLC acquired a new stake in monday.com during the 1st quarter worth approximately $973,000. McAdam LLC increased its position in monday.com by 15.0% during the 1st quarter. McAdam LLC now owns 2,623 shares of the company's stock worth $638,000 after purchasing an additional 342 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in monday.com by 0.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 117,921 shares of the company's stock worth $28,674,000 after purchasing an additional 485 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

Shares of MNDY stock traded up $14.23 during mid-day trading on Thursday, reaching $202.62. 967,814 shares of the company were exchanged, compared to its average volume of 950,554. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The company has a market capitalization of $10.29 billion, a P/E ratio of 273.84, a P/E/G ratio of 11.76 and a beta of 1.25. The business's 50 day simple moving average is $224.41 and its 200 day simple moving average is $257.57.

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. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same period in the prior year, the company posted $0.94 earnings per share. The firm'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. On average, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Zacks Research downgraded shares of monday.com from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Citigroup dropped their target price on shares of monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. UBS Group lowered their price objective on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Needham & Company LLC reaffirmed a "buy" rating and issued a $250.00 price objective on shares of monday.com in a research report on Thursday. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $330.00 price objective on shares of monday.com in a research report on Monday, August 11th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $296.86.

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.