monday.com Ltd. $MNDY Position Boosted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 13.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,880 shares of the company’s stock after buying an additional 6,727 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of monday.com worth $17,888,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MNDY. Vontobel Holding Ltd. bought a new position in monday.com in the 1st quarter worth approximately $221,000. WCM Investment Management LLC grew its holdings in monday.com by 0.4% in the 1st quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock worth $1,007,550,000 after buying an additional 17,371 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after buying an additional 70 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in monday.com by 920.2% in the 1st quarter. Teacher Retirement System of Texas now owns 101,942 shares of the company’s stock worth $24,788,000 after buying an additional 91,950 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in monday.com by 3.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,245 shares of the company’s stock worth $546,000 after buying an additional 76 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MNDY. Citigroup increased their price objective on monday.com from $326.00 to $332.00 and gave the stock a “buy” rating in a report on Tuesday, September 30th. Cantor Fitzgerald cut their target price on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research report on Thursday, September 18th. KeyCorp reaffirmed an “overweight” rating and set a $330.00 target price on shares of monday.com in a research report on Monday, August 11th. UBS Group cut their price objective on monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Finally, Zacks Research upgraded monday.com from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $290.81.

monday.com Stock Down 2.3%

Shares of NASDAQ MNDY opened at $195.94 on Thursday. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The company has a market cap of $9.95 billion, a P/E ratio of 264.79, a P/E/G ratio of 9.48 and a beta of 1.24. The business’s 50 day moving average is $191.08 and its two-hundred day moving average is $245.44.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. monday.com’s revenue was up 26.6% compared to the same quarter last year. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com 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.