Tectonic Advisors LLC Buys New Stake in monday.com Ltd. $MNDY

Tectonic Advisors LLC acquired a new position in monday.com Ltd. (NASDAQ:MNDY) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 684 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in monday.com by 7.9% in the 1st quarter. Spire Wealth Management now owns 572 shares of the company’s stock worth $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. Dakota Wealth Management lifted its holdings in monday.com by 3.0% in the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock worth $564,000 after buying an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in monday.com by 6.1% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after buying an additional 55 shares in the last quarter. Finally, Chicago Capital LLC lifted its holdings in monday.com by 3.6% in the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Down 2.9%

Shares of NASDAQ:MNDY opened at $185.03 on Friday. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The firm has a 50-day simple moving average of $194.86 and a 200 day simple moving average of $250.10. The company has a market cap of $9.39 billion, a PE ratio of 250.04, a P/E/G ratio of 9.01 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue for the quarter 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 forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MNDY. Morgan Stanley upgraded shares of monday.com from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $330.00 to $260.00 in a report on Tuesday, August 12th. UBS Group dropped their target price on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Citigroup boosted their target price on shares of monday.com from $326.00 to $332.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. Canaccord Genuity Group dropped their target price on shares of monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Finally, Barclays dropped their target price on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.