S&CO Inc. Takes $234,000 Position in monday.com Ltd. $MNDY

S&CO Inc. purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 745 shares of the company’s stock, valued at approximately $234,000.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management raised its stake in monday.com by 7.5% during the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $193,000 after acquiring an additional 43 shares in the last quarter. CWM LLC grew its stake in shares of monday.com by 31.3% in the second quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after purchasing an additional 50 shares during the last quarter. Dakota Wealth Management increased its stake in shares of monday.com by 3.0% in the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after buying an additional 52 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in monday.com by 3.6% during the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after buying an additional 55 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MNDY. Cowen reiterated a “buy” rating on shares of monday.com in a research report on Tuesday, August 12th. Piper Sandler cut their target price on monday.com from $300.00 to $275.00 and set an “overweight” rating on the stock in a research report on Thursday, September 18th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price objective on shares of monday.com in a research report on Monday, August 11th. Cantor Fitzgerald reduced their price objective on monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a research note on Thursday, September 18th. Finally, Bank of America restated a “neutral” rating and set a $205.00 price target (down previously from $240.00) on shares of monday.com in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $290.81.

monday.com Stock Performance

MNDY stock opened at $189.59 on Monday. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64. The firm’s fifty day moving average is $193.08 and its 200 day moving average is $243.02. The firm has a market cap of $9.63 billion, a P/E ratio of 256.21, a P/E/G ratio of 8.96 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.64). monday.com had a net margin of 3.63% and a return on equity of 6.32%. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Company 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.