Bessemer Group Inc. Has $2.38 Million Position in monday.com Ltd. $MNDY

Bessemer Group Inc. grew its holdings in monday.com Ltd. (NASDAQ:MNDY) by 2.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,579 shares of the company’s stock after purchasing an additional 190 shares during the quarter. Bessemer Group Inc.’s holdings in monday.com were worth $2,383,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. WCM Investment Management LLC boosted its stake in monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock worth $1,007,550,000 after purchasing an additional 17,371 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after purchasing an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of monday.com by 102.5% during the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after acquiring an additional 851,231 shares during the period. Rubicon Global Capital Ltd lifted its stake in shares of monday.com by 155.3% during the second quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after acquiring an additional 877,700 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of monday.com by 98.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after acquiring an additional 458,794 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MNDY. DA Davidson cut their price target on monday.com from $325.00 to $275.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Oppenheimer began coverage on monday.com in a research note on Wednesday, August 27th. They set an “outperform” rating and a $300.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price target on shares of monday.com in a research note on Monday, August 11th. Canaccord Genuity Group cut their price target on monday.com from $350.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Finally, Robert W. Baird cut 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.81.

monday.com Trading Down 2.3%

NASDAQ MNDY opened at $195.94 on Thursday. The stock has a 50-day simple moving average of $191.08 and a 200 day simple moving average of $245.44. The company has a market capitalization of $9.95 billion, a PE ratio of 264.79, a P/E/G ratio of 9.48 and a beta of 1.24. monday.com Ltd. has a 12 month low of $166.22 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 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The firm’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.