476,000 Shares in monday.com Ltd. $MNDY Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. bought a new position in monday.com Ltd. (NASDAQ:MNDY) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 476,000 shares of the company’s stock, valued at approximately $115,744,000. 1832 Asset Management L.P. owned approximately 0.94% of monday.com at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MNDY. ASR Vermogensbeheer N.V. acquired a new stake in shares of monday.com during the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new stake in shares of monday.com during the first quarter valued at approximately $25,000. Grove Bank & Trust acquired a new stake in shares of monday.com during the first quarter valued at approximately $30,000. First Horizon Advisors Inc. raised its holdings in shares of monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after acquiring an additional 70 shares during the period. Finally, Signaturefd LLC raised its holdings in shares of monday.com by 50.7% during the first quarter. Signaturefd LLC now owns 217 shares of the company’s stock valued at $53,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird cut their price target on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Morgan Stanley raised shares of monday.com from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $330.00 to $260.00 in a research report on Tuesday, August 12th. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the company an “overweight” rating in a research report on Friday, June 13th. Piper Sandler lowered their price objective on shares of monday.com from $325.00 to $300.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 12th. Finally, Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $303.59.

monday.com Stock Down 1.1%

MNDY stock opened at $171.46 on Friday. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 231.71, a P/E/G ratio of 5.83 and a beta of 1.27. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The firm has a 50 day moving average of $266.37 and a two-hundred day moving average of $272.33.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. monday.com’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, research analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

monday.com Company 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.