Nuveen LLC acquired a new stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 94,907 shares of the company's stock, valued at approximately $23,078,000. Nuveen LLC owned approximately 0.19% of monday.com as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in MNDY. Cerity Partners LLC lifted its holdings in monday.com by 43.4% during the 4th quarter. Cerity Partners LLC now owns 1,798 shares of the company's stock valued at $466,000 after purchasing an additional 544 shares during the last quarter. Townsquare Capital LLC acquired a new stake in monday.com in the 4th quarter valued at about $478,000. First Trust Advisors LP increased its position in monday.com by 78.7% in the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company's stock valued at $11,304,000 after acquiring an additional 21,139 shares in the last quarter. MetLife Investment Management LLC increased its position in monday.com by 27.8% in the 4th quarter. MetLife Investment Management LLC now owns 4,364 shares of the company's stock valued at $1,027,000 after acquiring an additional 948 shares in the last quarter. Finally, MML Investors Services LLC increased its position in monday.com by 4.0% in the 4th quarter. MML Investors Services LLC now owns 5,627 shares of the company's stock valued at $1,325,000 after acquiring an additional 218 shares in the last quarter. 73.70% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price target on shares of monday.com and gave the stock an "overweight" rating in a research report on Friday, June 13th. KeyCorp reiterated an "overweight" rating and set a $330.00 price target on shares of monday.com in a research report on Monday, August 11th. JPMorgan Chase & Co. reduced their price objective on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, Scotiabank lifted their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.59.
Get Our Latest Stock Report on monday.com
monday.com Price Performance
MNDY traded up $6.5460 during trading on Friday, reaching $178.0060. The company had a trading volume of 720,607 shares, compared to its average volume of 913,154. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The business's fifty day moving average price is $266.37 and its 200 day moving average price is $272.33. The company has a market cap of $9.04 billion, a P/E ratio of 240.48, a PEG ratio of 5.83 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data 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 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 analyst estimates of $293.60 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The firm's revenue for the quarter was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
About monday.com
(
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.
Read More
Before you consider monday.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and monday.com wasn't on the list.
While monday.com currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access