42,200 monday.com Ltd. $MNDY Shares Sold by TenCore Partners LP

TenCore Partners LP trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 31.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,792 shares of the company’s stock after selling 42,200 shares during the period. monday.com comprises about 6.0% of TenCore Partners LP’s holdings, making the stock its 7th biggest holding. TenCore Partners LP’s holdings in monday.com were worth $7,202,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MNDY. SEB Asset Management AB purchased a new position in monday.com in the 1st quarter worth about $1,639,000. Swiss National Bank raised its holdings in monday.com by 28.6% during the 1st quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after buying an additional 35,400 shares during the period. Empowered Funds LLC lifted its stake in monday.com by 4,194.6% during the first quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock valued at $997,000 after buying an additional 14,094 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in monday.com during the second quarter valued at about $970,000. Finally, Arkadios Wealth Advisors purchased a new stake in monday.com during the first quarter valued at about $1,534,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ MNDY opened at $76.38 on Wednesday. The company has a 50 day simple moving average of $89.81 and a 200-day simple moving average of $82.56. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 26.34, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06. monday.com Ltd. has a 52-week low of $57.50 and a 52-week high of $169.76.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 9th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.41 by $0.73. monday.com had a net margin of 10.05% and a return on equity of 15.86%. The business had revenue of $377.54 million during the quarter, compared to analysts’ expectations of $369.17 million. During the same period last year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. On average, analysts predict that monday.com Ltd. will post 2.34 EPS for the current year.

Insider Transactions at monday.com

In other monday.com news, Director Aviad Eyal sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total value of $200,080.00. Following the completion of the sale, the director owned 203,455 shares in the company, valued at $20,353,638.20. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is currently owned by insiders.

Trending Headlines about monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Q3 revenue rose 19% year over year to $377.5 million, ahead of estimates, while EPS of $2.14 also exceeded consensus. Cost reductions helped lift the non-GAAP operating margin to a record 24%. Zacks Q3 earnings article
• Positive Sentiment: AI features generated $36 million in annual recurring revenue, offering a potential growth opportunity as the company shifts toward an AI-first strategy. The Motley Fool article
• Neutral Sentiment: Analysts cut price targets, but views remain mixed: Citigroup kept a Buy rating and Morgan Stanley and Wells Fargo maintained Overweight ratings, while UBS and JPMorgan remained Neutral. Citigroup analyst update
• Negative Sentiment: Q4 revenue guidance of $380 million–$382 million came in below the roughly $385.5 million consensus. The outlook reinforced concerns about slower demand, longer enterprise sales cycles and near-term challenges from the company’s strategic shift. StreetInsider earnings coverage
• Negative Sentiment: Analyst caution added to the pressure: Needham and Canaccord downgraded MNDY to Hold, and several firms lowered targets. Coverage also flagged a decline in retention, raising concern about the durability of growth. TipRanks article on retention and stock reaction

Analyst Upgrades and Downgrades

MNDY has been the subject of several recent analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $90.00 target price on shares of monday.com in a report on Thursday, October 29th. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. UBS Group reduced their price target on shares of monday.com from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday. Oppenheimer set a $90.00 price objective on shares of monday.com in a research note on Monday. Finally, Jefferies Financial Group lowered their price objective on shares of monday.com from $95.00 to $90.00 and set a “hold” rating on the stock in a research report on Tuesday. Nine analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.09.

monday.com Company Profile

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017. Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting. Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.