Northern Trust Corp Acquires 15,268 Shares of monday.com Ltd. $MNDY

Key Points

• Northern Trust Corp increased its holdings in monday.com Ltd. by 3.9% in the first quarter, now owning 405,672 shares valued at approximately $98.64 million.
• monday.com reported an EPS of $1.09 for the last quarter, surpassing analysts' expectations of $0.84, with revenues increasing by 26.6% year-over-year.
• Analysts are generally positive on monday.com, with a consensus rating of "Moderate Buy" and an average target price of $303.59.

Northern Trust Corp grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 405,672 shares of the company's stock after acquiring an additional 15,268 shares during the period. Northern Trust Corp owned 0.80% of monday.com worth $98,643,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MNDY shares. Barclays cut their price objective on shares of monday.com from $345.00 to $258.00 and set an "overweight" rating for the company in a research report on Tuesday, August 12th. Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price objective on shares of monday.com in a research report on Monday, August 18th. Cowen reaffirmed a "buy" rating on shares of monday.com in a research report on Tuesday, August 12th. KeyCorp reaffirmed an "overweight" rating and set a $330.00 price objective on shares of monday.com in a research report on Monday, August 11th. Finally, Jefferies Financial Group cut their price objective on shares of monday.com from $360.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $303.59.

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $3.49 during mid-day trading on Friday, hitting $193.00. 1,624,601 shares of the stock were exchanged, compared to its average volume of 1,993,156. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The stock's fifty day simple moving average is $253.96 and its two-hundred day simple moving average is $268.20. The company has a market cap of $9.80 billion, a P/E ratio of 260.81, a PEG ratio of 11.39 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 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 business 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 firm earned $0.94 earnings per share. monday.com'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 predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Profile

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.