Strategy Capital LLC Acquires 10,682 Shares of monday.com Ltd. $MNDY

Strategy Capital LLC boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 248,814 shares of the company’s stock after acquiring an additional 10,682 shares during the quarter. monday.com accounts for about 5.3% of Strategy Capital LLC’s investment portfolio, making the stock its 8th largest holding. Strategy Capital LLC’s holdings in monday.com were worth $78,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MNDY. Price T Rowe Associates Inc. MD lifted its position in shares of 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. increased its stake in monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock valued at $576,442,000 after buying an additional 150,987 shares during the period. Rubicon Global Capital Ltd lifted its position in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after buying an additional 877,700 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock worth $224,759,000 after buying an additional 458,794 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of monday.com by 1.3% during the 1st quarter. Alliancebernstein L.P. now owns 580,886 shares of the company’s stock valued at $141,248,000 after buying an additional 7,656 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MNDY. Oppenheimer assumed coverage on shares of monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price target on the stock. UBS Group set a $202.00 target price on monday.com in a research report on Tuesday, November 11th. KeyCorp reissued an “overweight” rating and issued a $330.00 price target on shares of monday.com in a research note on Monday, August 11th. Wells Fargo & Company dropped their price objective on monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Finally, Cantor Fitzgerald reduced their target price on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a research note on Thursday, September 18th. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Trading Up 1.7%

Shares of monday.com stock opened at $147.78 on Wednesday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 120.15, a P/E/G ratio of 5.74 and a beta of 1.24. The firm’s 50-day moving average price is $184.50 and its two-hundred day moving average price is $232.71. monday.com Ltd. has a 1-year low of $141.58 and a 1-year high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. The company had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The business’s revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that monday.com Ltd. will post 0.46 EPS for the current 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.