Summit Creek Advisors LLC Makes New $281,000 Investment in monday.com Ltd. $MNDY

Summit Creek Advisors LLC bought a new stake in monday.com Ltd. (NASDAQ:MNDY) during the second quarter, Holdings Channel.com reports. The firm bought 895 shares of the company’s stock, valued at approximately $281,000.

A number of other hedge funds have also modified their holdings of MNDY. ASR Vermogensbeheer N.V. purchased a new stake in monday.com in the 1st quarter valued at about $25,000. Summit Securities Group LLC purchased a new stake in shares of monday.com in the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC raised its stake in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after acquiring an additional 60 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company’s stock worth $53,000 after purchasing an additional 73 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Trading Down 0.2%

Shares of monday.com stock opened at $192.23 on Thursday. The company has a fifty day simple moving average of $193.32 and a 200-day simple moving average of $243.72. monday.com Ltd. has a 12-month low of $166.22 and a 12-month high of $342.64. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 259.77, a PEG ratio of 9.11 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating 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 return on equity of 6.32% and a net margin of 3.63%.The business’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 target price on shares of monday.com in a report on Monday, August 11th. Canaccord Genuity Group decreased their price target on shares of monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird dropped their price objective on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Finally, The Goldman Sachs Group reduced their price objective on shares of monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $290.81.

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.