monday.com Ltd. $MNDY Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in monday.com Ltd. by 26.0%, owning 12,878 shares valued at $3,131,000 after selling 4,527 shares in Q1.
• Institutional investors now hold 73.70% of monday.com stock, with notable increases in stakes from firms like China Universal Asset Management, ARK Investment Management, and Asset Management One.
• monday.com reported a Q1 earnings of $1.09 EPS, exceeding estimates, with revenue growth of 26.6% year-over-year, contributing to a market cap of approximately $8.92 billion.

LPL Financial LLC reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,878 shares of the company's stock after selling 4,527 shares during the period. LPL Financial LLC's holdings in monday.com were worth $3,131,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust purchased a new position in shares of monday.com during the first quarter worth $30,000. First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares during the period. Signaturefd LLC boosted its holdings in monday.com by 50.7% in the first quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after purchasing an additional 73 shares during the period. Farther Finance Advisors LLC boosted its holdings in monday.com by 32.7% in the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new position in monday.com in the first quarter valued at $64,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MNDY. Jefferies Financial Group decreased their target price on monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a report on Monday, August 11th. DA Davidson decreased their target price on monday.com from $325.00 to $275.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Piper Sandler decreased their target price on monday.com from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Tuesday, August 12th. Bank of America decreased their target price on monday.com from $340.00 to $240.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Finally, Wall Street Zen lowered monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $305.18.

monday.com Price Performance

Shares of MNDY traded down $2.7390 during midday trading on Wednesday, reaching $173.3510. 595,204 shares of the stock were exchanged, compared to its average volume of 908,069. The business's 50-day moving average price is $271.48 and its 200 day moving average price is $273.55. monday.com Ltd. has a twelve month low of $171.54 and a twelve month high of $342.64. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 234.24, a PEG ratio of 6.02 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.25. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business's revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research 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.