Panagora Asset Management Inc. lessened its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,167 shares of the company's stock after selling 2,583 shares during the quarter. Panagora Asset Management Inc.'s holdings in monday.com were worth $1,986,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. WCM Investment Management LLC raised its stake in monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock valued at $1,007,550,000 after purchasing an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock valued at $583,969,000 after purchasing an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. raised its stake in monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after purchasing an additional 851,231 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock valued at $224,759,000 after purchasing an additional 458,794 shares in the last quarter. Finally, Rubicon Global Capital Ltd acquired a new position in monday.com in the first quarter valued at about $137,434,000. Institutional investors and hedge funds own 73.70% of the company's stock.
Analyst Upgrades and Downgrades
MNDY has been the subject of a number of analyst reports. Canaccord Genuity Group dropped their price target on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Citigroup dropped their price target on monday.com from $381.00 to $326.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Baird R W raised monday.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group dropped their price target on monday.com from $350.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded monday.com from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $303.59.
Read Our Latest Research Report on MNDY
monday.com Stock Performance
Shares of NASDAQ:MNDY traded up $2.54 during midday trading on Monday, hitting $188.27. 230,012 shares of the stock were exchanged, compared to its average volume of 933,202. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 253.60, a P/E/G ratio of 11.16 and a beta of 1.25. The business's 50-day moving average price is $242.61 and its 200 day moving average price is $263.00. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.25. The company 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% compared to the same quarter last year. During the same period in the previous year, the business posted $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 EPS for the current year.
monday.com Company Profile
(
Free Report)
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.
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