monday.com Ltd. $MNDY Position Lowered by Octahedron Capital Management L.P.

Octahedron Capital Management L.P. decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 31.0% in the 2nd quarter, Holdings Channel reports. The firm owned 12,000 shares of the company’s stock after selling 5,400 shares during the quarter. monday.com comprises about 2.8% of Octahedron Capital Management L.P.’s investment portfolio, making the stock its 12th biggest holding. Octahedron Capital Management L.P.’s holdings in monday.com were worth $3,774,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MNDY. Rubicon Global Capital Ltd boosted its position 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 worth $453,763,000 after buying an additional 877,700 shares during the period. JPMorgan Chase & Co. lifted its stake in 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 purchasing an additional 851,231 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after acquiring an additional 745,686 shares during the last quarter. 1832 Asset Management L.P. bought a new stake in shares of monday.com during the 1st quarter worth $115,744,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of monday.com by 98.6% in the first 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 during the period. 73.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on MNDY shares. Zacks Research upgraded shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. KeyCorp reissued an “overweight” rating and issued a $330.00 target price on shares of monday.com in a research note on Monday, August 11th. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. DA Davidson lowered their price objective on shares of monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Finally, UBS Group set a $202.00 price target on monday.com in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $270.19.

monday.com Trading Up 1.9%

NASDAQ:MNDY opened at $153.18 on Wednesday. monday.com Ltd. has a 1-year low of $147.17 and a 1-year high of $342.64. The firm has a fifty day simple moving average of $189.02 and a 200 day simple moving average of $237.29. The stock has a market capitalization of $7.78 billion, a PE ratio of 124.54, a P/E/G ratio of 5.94 and a beta of 1.24.

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