monday.com Ltd. $MNDY Shares Sold by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 16.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,009 shares of the company’s stock after selling 13,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.13% of monday.com worth $21,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Spire Wealth Management grew its position in monday.com by 7.9% during the first quarter. Spire Wealth Management now owns 572 shares of the company’s stock worth $139,000 after buying an additional 42 shares during the period. CWM LLC lifted its holdings in shares of monday.com by 31.3% in the second quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares in the last quarter. Dakota Wealth Management lifted its holdings in shares of monday.com by 3.0% in the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after purchasing an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares in the last quarter. Finally, Chicago Capital LLC lifted its holdings in shares of monday.com by 3.6% in the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock valued at $497,000 after purchasing an additional 55 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNDY. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. Zacks Research raised shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price target on shares of monday.com in a report on Monday, August 11th. Morgan Stanley raised shares of monday.com from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $330.00 to $260.00 in a report on Tuesday, August 12th. Finally, Cowen reaffirmed a “buy” rating on shares of monday.com in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average target price of $290.81.

monday.com Stock Performance

Shares of MNDY opened at $200.52 on Wednesday. The company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 270.98, a PEG ratio of 9.39 and a beta of 1.24. The company’s 50 day simple moving average is $190.63 and its 200 day simple moving average is $245.75. monday.com Ltd. has a 1 year low of $166.22 and a 1 year high of $342.64.

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

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.