Counterpoint Mutual Funds LLC Makes New Investment in monday.com Ltd. $MNDY

Counterpoint Mutual Funds LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) in the second quarter, Holdings Channel reports. The fund purchased 2,443 shares of the company’s stock, valued at approximately $768,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. WCM Investment Management LLC boosted its position in monday.com by 0.4% during the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock worth $1,007,550,000 after acquiring an additional 17,371 shares during the period. Price T Rowe Associates Inc. MD boosted its position in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after acquiring an additional 745,686 shares during the period. JPMorgan Chase & Co. boosted its position in monday.com by 102.5% during the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after acquiring an additional 851,231 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in monday.com by 98.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock worth $224,759,000 after acquiring an additional 458,794 shares during the period. Finally, Alliancebernstein L.P. boosted its position in monday.com by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 580,886 shares of the company’s stock worth $141,248,000 after acquiring an additional 7,656 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of MNDY stock opened at $211.99 on Tuesday. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The stock’s 50-day moving average is $219.62 and its two-hundred day moving average is $256.24. The firm has a market cap of $10.76 billion, a P/E ratio of 286.48, a PEG ratio of 10.36 and a beta of 1.25.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MNDY shares. Bank of America restated a “neutral” rating and issued a $205.00 price objective (down previously from $240.00) on shares of monday.com in a report on Thursday, August 21st. Citigroup cut their price objective on monday.com from $381.00 to $326.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. Zacks Research lowered monday.com from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Morgan Stanley upgraded monday.com from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $330.00 to $260.00 in a report on Tuesday, August 12th. Finally, Baird R W upgraded monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $296.86.

monday.com 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.