Viking Fund Management LLC Purchases 2,000 Shares of monday.com Ltd. $MNDY

Key Points

• Viking Fund Management LLC increased its stake in monday.com Ltd. by 40%, acquiring an additional 2,000 shares, bringing its total to 7,000 shares worth approximately $2.2 million.
• Institutional investors now own 73.70% of monday.com, with notable increases in holdings by firms like Cetera Investment Advisers and Quantinno Capital Management.
• Analysts are generally optimistic about monday.com, with a consensus rating of "Moderate Buy" and an average price target of $296.86, despite some recent adjustments to price targets due to market conditions.

Viking Fund Management LLC increased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 40.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the company's stock after purchasing an additional 2,000 shares during the period. Viking Fund Management LLC's holdings in monday.com were worth $2,201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MNDY. ASR Vermogensbeheer N.V. acquired a new stake in monday.com in the 1st quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new stake in shares of monday.com in the first quarter worth approximately $25,000. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company's stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Grove Bank & Trust bought a new position in monday.com during the first quarter valued at about $30,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of 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 buying an additional 70 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on MNDY shares. Baird R W raised monday.com from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. DA Davidson cut their price objective on shares of monday.com from $325.00 to $275.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Cantor Fitzgerald reduced their target price on monday.com from $286.00 to $257.00 and set an "overweight" rating on the stock in a report on Thursday. Wall Street Zen lowered shares of monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Canaccord Genuity Group lowered their target price on monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, monday.com has a consensus rating of "Moderate Buy" and an average price target of $296.86.

monday.com Stock Performance

Shares of monday.com stock traded up $12.97 on Friday, reaching $219.15. 2,336,362 shares of the stock were exchanged, compared to its average volume of 1,246,428. The firm has a market cap of $11.13 billion, a PE ratio of 296.15, a P/E/G ratio of 13.17 and a beta of 1.25. The firm's 50 day moving average is $221.20 and its 200-day moving average is $256.51. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64.

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, 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 during the quarter, compared to the consensus estimate of $293.60 million. During the same period in the previous year, the business earned $0.94 earnings per share. The company's revenue 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. On average, equities research analysts expect that monday.com Ltd. will post 0.46 EPS 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.