T. Rowe Price Investment Management Inc. Has $224.76 Million Stake in monday.com Ltd. $MNDY

T. Rowe Price Investment Management Inc. raised its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 98.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 924,325 shares of the company’s stock after acquiring an additional 458,794 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.82% of monday.com worth $224,759,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. First Trust Advisors LP boosted its stake in monday.com by 78.7% during the 4th quarter. First Trust Advisors LP now owns 48,014 shares of the company’s stock valued at $11,304,000 after purchasing an additional 21,139 shares during the period. MetLife Investment Management LLC increased its position in monday.com by 27.8% in the 4th quarter. MetLife Investment Management LLC now owns 4,364 shares of the company’s stock worth $1,027,000 after buying an additional 948 shares during the period. MML Investors Services LLC lifted its holdings in shares of monday.com by 4.0% during the fourth quarter. MML Investors Services LLC now owns 5,627 shares of the company’s stock worth $1,325,000 after buying an additional 218 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of monday.com by 1.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 96,925 shares of the company’s stock valued at $22,820,000 after acquiring an additional 975 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of monday.com in the fourth quarter worth $511,000. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group cut their target price on shares of monday.com from $350.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Bank of America dropped their price objective on shares of monday.com from $340.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Robert W. Baird reduced their target price on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. UBS Group lowered their price target on monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Finally, Loop Capital reduced their price objective on monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $305.18.

monday.com Stock Down 1.5%

Shares of MNDY opened at $173.37 on Thursday. The company has a 50-day moving average price of $268.92 and a two-hundred day moving average price of $272.86. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 234.29, a P/E/G ratio of 5.92 and a beta of 1.27. monday.com Ltd. has a 12 month low of $171.54 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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 company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The company’s revenue was up 26.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities 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.