monday.com Ltd. $MNDY Holdings Raised 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 grew its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,845 shares of the company's stock after acquiring an additional 16,201 shares during the quarter. Voya Investment Management LLC owned approximately 0.66% of monday.com worth $80,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after acquiring an additional 851,231 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of monday.com by 8.7% in the 1st quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company's stock valued at $4,538,000 after acquiring an additional 1,500 shares during the last quarter. Neuberger Berman Group LLC increased its holdings in shares of monday.com by 34.5% in the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company's stock valued at $99,443,000 after acquiring an additional 104,968 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of monday.com by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after acquiring an additional 745,686 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of monday.com in the 1st quarter valued at approximately $23,078,000. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MNDY shares. 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. Barclays reduced their price objective on monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Cowen restated a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. Citigroup reduced their price objective 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. Finally, Needham & Company LLC restated a "buy" rating and set a $250.00 price objective on shares of monday.com in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com Stock Up 0.8%

MNDY stock traded up $1.54 during trading on Monday, reaching $193.49. 1,929,586 shares of the company's stock were exchanged, compared to its average volume of 1,145,858. The firm has a market cap of $9.82 billion, a PE ratio of 261.48, a P/E/G ratio of 11.54 and a beta of 1.25. The company's fifty day moving average price is $229.04 and its 200-day moving average price is $258.48. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64.

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 analysts' consensus estimates of $0.84 by $0.25. The firm 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%.monday.com's revenue was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. 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.

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.