monday.com Ltd. $MNDY Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 68.5% in the 3rd quarter, Holdings Channel reports. The fund owned 72,205 shares of the company’s stock after purchasing an additional 29,356 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in monday.com were worth $13,985,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 150,987 shares during the period. Rubicon Global Capital Ltd grew its position in monday.com by 155.3% during the second 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 in the last quarter. State Street Corp increased its stake in monday.com by 5.4% in the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after buying an additional 33,963 shares during the period. Alliancebernstein L.P. lifted its position in monday.com by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 605,510 shares of the company’s stock worth $190,421,000 after buying an additional 24,624 shares in the last quarter. Finally, Norges Bank purchased a new stake in monday.com in the 2nd quarter worth approximately $161,114,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MNDY. Piper Sandler lowered their price target on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. BTIG Research started coverage on monday.com in a research report on Tuesday, December 16th. They issued a “buy” rating and a $210.00 target price on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a report on Wednesday, October 8th. Finally, Citigroup lowered their price target on monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $257.74.

monday.com Stock Down 1.5%

Shares of monday.com stock opened at $147.67 on Friday. monday.com Ltd. has a 12-month low of $141.20 and a 12-month high of $342.64. The stock has a 50 day moving average price of $156.01 and a two-hundred day moving average price of $201.29. The stock has a market capitalization of $7.50 billion, a P/E ratio of 120.06, a PEG ratio of 3.45 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company had revenue of $316.86 million for the quarter, compared to analyst estimates of $312.26 million. During the same quarter last year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 26.3% compared to the same quarter last year. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.