monday.com Ltd. $MNDY Shares Bought by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 85.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the company’s stock after buying an additional 6,000 shares during the period. monday.com makes up approximately 1.3% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 24th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in monday.com were worth $2,518,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pier 88 Investment Partners LLC raised its stake in shares of monday.com by 11.5% in the third quarter. Pier 88 Investment Partners LLC now owns 4,550 shares of the company’s stock valued at $881,000 after acquiring an additional 470 shares in the last quarter. LBP AM SA increased its holdings in monday.com by 23.0% during the 3rd quarter. LBP AM SA now owns 15,807 shares of the company’s stock worth $3,062,000 after purchasing an additional 2,960 shares during the period. PFG Investments LLC purchased a new position in shares of monday.com in the 3rd quarter valued at about $291,000. Baillie Gifford & Co. boosted its stake in shares of monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares during the period. Finally, Gibbs Wealth Management grew its position in shares of monday.com by 115.6% during the third quarter. Gibbs Wealth Management now owns 2,978 shares of the company’s stock worth $577,000 after buying an additional 1,597 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Canaccord Genuity Group lowered their target price on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, Bank of America cut their price target on monday.com from $205.00 to $195.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Twenty-one investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.61.

monday.com Price Performance

Shares of MNDY opened at $130.06 on Tuesday. monday.com Ltd. has a 1-year low of $123.45 and a 1-year high of $342.64. The stock has a market cap of $6.60 billion, a PE ratio of 105.74, a price-to-earnings-growth ratio of 2.97 and a beta of 1.26. The firm has a fifty day moving average price of $145.27 and a 200 day moving average price of $185.44.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.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 company posted $0.85 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. As a group, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.