monday.com Ltd. $MNDY Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 56.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 256,449 shares of the company’s stock after purchasing an additional 92,475 shares during the period. Citigroup Inc.’s holdings in monday.com were worth $80,648,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MNDY. Integrated Quantitative Investments LLC bought a new position in shares of monday.com during the second quarter valued at approximately $889,000. Alberta Investment Management Corp acquired a new position in monday.com during the 2nd quarter valued at approximately $1,226,000. Cetera Investment Advisers grew its stake in monday.com by 192.2% during the 2nd quarter. Cetera Investment Advisers now owns 12,654 shares of the company’s stock worth $3,979,000 after buying an additional 8,324 shares during the last quarter. Creative Planning increased its position in monday.com by 16.8% in the second quarter. Creative Planning now owns 4,674 shares of the company’s stock worth $1,470,000 after buying an additional 672 shares during the period. Finally, Capco Asset Management LLC bought a new stake in monday.com in the second quarter valued at $83,000. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Canaccord Genuity Group decreased their target price on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. TD Cowen cut their price target on monday.com from $360.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Bank of America decreased their price objective on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Baird R W upgraded monday.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 6th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.19.

monday.com Price Performance

monday.com stock opened at $153.18 on Wednesday. monday.com Ltd. has a 12-month low of $147.17 and a 12-month high of $342.64. The stock has a market capitalization of $7.78 billion, a PE ratio of 124.54, a price-to-earnings-growth ratio of 5.94 and a beta of 1.24. The firm has a 50 day simple moving average of $189.02 and a 200-day simple moving average of $237.29.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts forecast 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.