Sumitomo Mitsui DS Asset Management Company Ltd Raises Position in monday.com Ltd. $MNDY

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 14.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,300 shares of the company’s stock after acquiring an additional 541 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in monday.com were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Spire Wealth Management lifted its stake in monday.com by 7.9% in the 1st quarter. Spire Wealth Management now owns 572 shares of the company’s stock valued at $139,000 after buying an additional 42 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of monday.com by 6.1% during the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock worth $231,000 after purchasing an additional 55 shares in the last quarter. First Horizon Advisors Inc. lifted its position in monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock valued at $40,000 after acquiring an additional 70 shares during the last quarter. Finally, Signaturefd LLC lifted its position in monday.com by 50.7% in the first quarter. Signaturefd LLC now owns 217 shares of the company’s stock valued at $53,000 after acquiring an additional 73 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of monday.com from $381.00 to $326.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 target price on shares of monday.com in a research note on Monday, August 11th. Wall Street Zen lowered shares of monday.com from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. UBS Group reduced their target price on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Finally, Cantor Fitzgerald cut their price objective on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.86.

monday.com Stock Up 6.3%

Shares of MNDY opened at $219.15 on Monday. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The company’s fifty day moving average is $221.20 and its 200-day moving average is $256.53. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 296.15, a price-to-earnings-growth ratio of 10.36 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 26.6% on a year-over-year basis. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.