Wincap Financial LLC Decreases Stock Holdings in monday.com Ltd. $MNDY

Wincap Financial LLC reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,181 shares of the company’s stock after selling 181 shares during the period. Wincap Financial LLC’s holdings in monday.com were worth $686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. ASR Vermogensbeheer N.V. purchased a new stake in monday.com in the 1st quarter valued at $25,000. Summit Securities Group LLC acquired a new stake in monday.com during the first quarter worth about $25,000. NewEdge Advisors LLC raised its stake in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after purchasing an additional 60 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $198.78 on Tuesday. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 268.63, a price-to-earnings-growth ratio of 9.93 and a beta of 1.24. The business has a 50-day moving average of $190.14 and a 200 day moving average of $246.05. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $293.60 million. During the same quarter in the prior year, the company earned $0.94 earnings per share. The business’s quarterly revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. UBS Group reduced their price target on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. The Goldman Sachs Group cut their target price on monday.com from $350.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, August 13th. Robert W. Baird decreased their price target on monday.com from $310.00 to $240.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. Finally, Jefferies Financial Group reduced their price objective on shares of monday.com from $360.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.81.

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.