Oberndorf William E Increases Holdings in monday.com Ltd. $MNDY

Key Points

• Oberndorf William E increased its stake in monday.com Ltd. by 61.3%, owning 50,282 shares after acquiring an additional 19,103 shares during the 1st quarter, making it the firm's 3rd biggest position.
• Several hedge funds have also adjusted their positions in monday.com, with notable increases including First Horizon Advisors boosting their stake by 72.9% in the same timeframe.
• Analysts have mixed views on monday.com, with ratings including "buy," "hold," and a consensus target price of $305.18, reflecting varying expectations for the stock's future performance.

Oberndorf William E boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 61.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,282 shares of the company's stock after purchasing an additional 19,103 shares during the period. monday.com comprises 15.7% of Oberndorf William E's holdings, making the stock its 3rd largest position. Oberndorf William E owned approximately 0.10% of monday.com worth $12,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MNDY. ASR Vermogensbeheer N.V. purchased a new position in monday.com in the first quarter worth $25,000. Summit Securities Group LLC purchased a new position in monday.com in the first quarter worth $25,000. Grove Bank & Trust purchased a new position in monday.com in the first quarter worth $30,000. First Horizon Advisors Inc. boosted its position in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of 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 buying an additional 73 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MNDY shares. Piper Sandler lowered their target price on monday.com from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 12th. Citigroup lowered their target price on monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research note on Tuesday, August 12th. Cowen restated a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Bank of America restated a "neutral" rating and issued a $205.00 target price (down from $240.00) on shares of monday.com in a research note on Thursday. Finally, Oppenheimer restated an "outperform" rating and issued a $300.00 target price on shares of monday.com in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $303.59.

monday.com Stock Up 3.8%

Shares of NASDAQ:MNDY traded up $6.43 during midday trading on Friday, reaching $177.89. 1,056,648 shares of the company traded hands, compared to its average volume of 1,820,004. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 240.40, a price-to-earnings-growth ratio of 5.76 and a beta of 1.27. The firm's fifty day moving average price is $264.33 and its two-hundred day moving average price is $271.80.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the previous year, the company posted $0.94 EPS. The firm's revenue for the quarter 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. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current 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.