SWS Partners Acquires Shares of 6,172 monday.com Ltd. $MNDY

SWS Partners acquired a new position in monday.com Ltd. (NASDAQ:MNDY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,172 shares of the company’s stock, valued at approximately $1,195,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MNDY. Voya Investment Management LLC boosted its position in monday.com by 5.1% during the 1st quarter. Voya Investment Management LLC now owns 332,845 shares of the company’s stock valued at $80,935,000 after acquiring an additional 16,201 shares in the last quarter. Coronation Fund Managers Ltd. raised its position in shares of monday.com by 15.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company’s stock worth $24,711,000 after acquiring an additional 10,693 shares in the last quarter. Rubicon Global Capital Ltd lifted its stake in shares of monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after purchasing an additional 877,700 shares during the period. Oberndorf William E boosted its position in shares of monday.com by 27.4% during the second quarter. Oberndorf William E now owns 64,036 shares of the company’s stock valued at $20,138,000 after purchasing an additional 13,754 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of monday.com by 9.8% during the second quarter. Geode Capital Management LLC now owns 381,772 shares of the company’s stock valued at $119,301,000 after purchasing an additional 34,150 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Performance

Shares of MNDY stock opened at $145.78 on Friday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 118.52, a price-to-earnings-growth ratio of 5.77 and a beta of 1.27. monday.com Ltd. has a one year low of $141.20 and a one year high of $342.64. The company’s 50-day moving average is $164.82 and its 200 day moving average is $210.36.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.27. The business had revenue of $316.86 million during the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 earnings per share. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays decreased their price objective on monday.com from $258.00 to $202.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Wells Fargo & Company decreased their price target on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. BTIG Research initiated coverage on shares of monday.com in a research report on Tuesday, December 16th. They set a “buy” rating and a $210.00 price target for the company. Zacks Research upgraded shares of monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Guggenheim assumed coverage on shares of monday.com in a research note on Thursday, December 4th. They set a “buy” rating and a $250.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.48.

monday.com 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.