monday.com Ltd. $MNDY Shares Sold by Panagora Asset Management Inc.

Key Points

• Panagora Asset Management Inc. reduced its stake in monday.com Ltd. by 24.0%, now holding 8,167 shares valued at approximately $1.99 million.
• Several hedge funds increased their positions in monday.com, with JPMorgan Chase & Co. boosting its holdings by 102.5%, owning over 1.68 million shares valued at nearly $409 million.
• Analysts show mixed ratings for monday.com, with one "Strong Buy", 22 "Buy", two "Hold", and one "Sell", and an average price target of $303.59.

Panagora Asset Management Inc. trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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.

Several other large investors have also made changes to their positions in the business. ASR Vermogensbeheer N.V. acquired a new position in monday.com in the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new position in monday.com in the 1st quarter valued at $25,000. Grove Bank & Trust acquired a new position in monday.com in the 1st quarter valued at $30,000. First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in monday.com by 50.7% in the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after buying an additional 73 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MNDY. TD Cowen dropped their target price on monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Jefferies Financial Group lowered their price target on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a report on Monday, August 11th. Zacks Research cut monday.com from a "hold" rating to a "strong sell" rating in a report on Friday, August 22nd. Baird R W upgraded monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Finally, Cowen reiterated a "buy" rating on shares of monday.com in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned 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.com, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $303.59.

monday.com Trading Up 1.8%

monday.com stock traded up $3.31 during midday trading on Friday, reaching $185.73. 956,115 shares of the stock traded hands, compared to its average volume of 2,021,460. The company has a 50-day simple moving average of $242.61 and a two-hundred day simple moving average of $263.63. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The firm has a market cap of $9.43 billion, a PE ratio of 250.99, a price-to-earnings-growth ratio of 10.96 and a beta of 1.25.

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 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%.monday.com's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. 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.