Park Avenue Securities LLC Has $657,000 Stake in monday.com Ltd. $MNDY

Park Avenue Securities LLC grew its position in monday.com Ltd. (NASDAQ:MNDY) by 114.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,090 shares of the company’s stock after purchasing an additional 1,117 shares during the quarter. Park Avenue Securities LLC’s holdings in monday.com were worth $657,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com in the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com in the first quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the period. Grove Bank & Trust bought a new stake in shares of monday.com in the first quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of 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 buying an additional 70 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

MNDY has been the subject of several recent research reports. Canaccord Genuity Group cut their price target on monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. UBS Group cut their target price on monday.com from $310.00 to $215.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Cowen restated a “buy” rating on shares of monday.com in a research note on Tuesday, August 12th. Wall Street Zen cut monday.com from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Cantor Fitzgerald cut their target price 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. 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 company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $296.86.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $206.59 on Monday. The company has a fifty day moving average of $213.40 and a 200-day moving average of $255.36. The company has a market capitalization of $10.49 billion, a PE ratio of 279.18, a price-to-earnings-growth ratio of 9.76 and a beta of 1.25. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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. The business had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.monday.com’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts forecast that monday.com Ltd. will post 0.46 EPS 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.