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Viking Fund Management LLC Has $2.20 Million Stake in monday.com Ltd. $MNDY

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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.
  • Five stocks we like better than monday.com.

Viking Fund Management LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 40.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,000 shares of the company's stock after buying 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.

Several other institutional investors and hedge funds also recently made changes to their positions in MNDY. WCM Investment Management LLC boosted its stake in monday.com by 0.4% during the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company's stock worth $1,007,550,000 after acquiring an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of monday.com by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company's stock worth $583,969,000 after buying an additional 745,686 shares during the last quarter. JPMorgan Chase & Co. increased its position in monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company's stock valued at $408,999,000 after acquiring an additional 851,231 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company's stock worth $224,759,000 after acquiring an additional 458,794 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in monday.com by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 580,886 shares of the company's stock worth $141,248,000 after acquiring an additional 7,656 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

MNDY has been the subject of several research analyst reports. TD Cowen reduced their price objective on monday.com from $360.00 to $290.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. UBS Group lowered their target price on monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. KeyCorp reissued an "overweight" rating and set a $330.00 price target on shares of monday.com in a report on Monday, August 11th. Wall Street Zen cut monday.com from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Jefferies Financial Group reduced their target price on shares of monday.com from $360.00 to $330.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and a consensus price target of $296.86.

View Our Latest Report on monday.com

monday.com Stock Up 2.3%

MNDY traded up $4.85 on Tuesday, reaching $216.84. 259,446 shares of the company traded hands, compared to its average volume of 961,421. The company has a market cap of $11.01 billion, a P/E ratio of 293.09, a price-to-earnings-growth ratio of 10.36 and a beta of 1.25. The firm has a fifty day simple moving average of $219.62 and a two-hundred day simple moving average of $256.24. 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 released its quarterly earnings results 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 net margin of 3.63% and a return on equity of 6.32%. The firm had revenue of $299.01 million for the quarter, compared to analysts' expectations of $293.60 million. During the same quarter last year, the company earned $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. On average, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current 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.

Further Reading

Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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