Aware Super Pty Ltd as trustee of Aware Super Takes Position in monday.com Ltd. $MNDY

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in monday.com Ltd. (NASDAQ:MNDY) in the first quarter, Holdings Channel.com reports. The fund purchased 41,374 shares of the company’s stock, valued at approximately $2,859,000.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in monday.com in the first quarter valued at $272,000. Hsbc Holdings PLC increased its stake in shares of monday.com by 85.2% during the 1st quarter. Hsbc Holdings PLC now owns 40,319 shares of the company’s stock valued at $2,810,000 after acquiring an additional 18,545 shares during the last quarter. Taylor Frigon Capital Management LLC increased its stake in shares of monday.com by 101.6% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 29,556 shares of the company’s stock valued at $2,043,000 after acquiring an additional 14,894 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its holdings in shares of monday.com by 2,038.1% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 73,507 shares of the company’s stock worth $5,080,000 after acquiring an additional 70,069 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of monday.com by 71.9% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,121 shares of the company’s stock worth $1,321,000 after acquiring an additional 8,000 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Down 0.4%

Shares of NASDAQ:MNDY opened at $78.69 on Friday. The firm has a fifty day moving average of $78.35 and a two-hundred day moving average of $86.07. monday.com Ltd. has a 12-month low of $57.50 and a 12-month high of $296.93. The firm has a market capitalization of $4.03 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 3.96 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last posted its earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.26 million for the quarter. Equities research analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent analyst reports. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Canaccord Genuity Group decreased their price target on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Piper Sandler boosted their price objective on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. TD Cowen upped their price objective on monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Oppenheimer set a $115.00 price objective on monday.com in a report on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.04.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.