Mediolanum International Funds Ltd Cuts Stake in monday.com Ltd. $MNDY

Mediolanum International Funds Ltd lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 35.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,017 shares of the company’s stock after selling 9,211 shares during the period. Mediolanum International Funds Ltd’s holdings in monday.com were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Aurora Investment Counsel acquired a new stake in monday.com in the 1st quarter worth about $1,213,000. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in monday.com during the 1st quarter worth approximately $2,859,000. Sequoia Financial Advisors LLC acquired a new position in shares of monday.com during the first quarter valued at approximately $272,000. Hsbc Holdings PLC raised its holdings in shares of monday.com by 85.2% during the first 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. Finally, Taylor Frigon Capital Management LLC lifted its position in shares of monday.com by 101.6% in the first 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 in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

MNDY stock opened at $72.84 on Wednesday. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $296.93. The firm has a market capitalization of $3.73 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.84 and a beta of 1.26. The business has a 50 day simple moving average of $78.36 and a 200-day simple moving average of $84.65.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.26 million for the quarter. On average, equities research analysts expect that monday.com Ltd. will post 1.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MNDY. Wall Street Zen raised monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. TD Cowen increased their price objective on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. UBS Group decreased their price objective on monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. BTIG Research dropped their target price on shares of monday.com from $115.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, July 14th. Finally, Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.