Thrivent Financial for Lutherans Has $55.78 Million Position in monday.com Ltd. $MNDY

Thrivent Financial for Lutherans boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,078 shares of the company’s stock after buying an additional 64,966 shares during the period. Thrivent Financial for Lutherans’ holdings in monday.com were worth $55,780,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MNDY. NewEdge Advisors LLC boosted 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 purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of monday.com in the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares in the last quarter. Abound Wealth Management acquired a new stake in shares of monday.com in the 4th quarter valued at $30,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of monday.com by 575.8% in the 3rd quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 27th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. KeyCorp reduced their target price on shares of monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Piper Sandler boosted their target price on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Barclays boosted their target price on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average target price of $132.78.

monday.com Stock Up 3.2%

Shares of NASDAQ MNDY opened at $71.97 on Friday. The firm’s 50-day simple moving average is $70.27 and its 200 day simple moving average is $112.08. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.12 and a beta of 1.17. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $316.98.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. On average, equities analysts expect that monday.com Ltd. will post 1.83 earnings per share for the current year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.