McAdam LLC Has $717,000 Holdings in monday.com Ltd. $MNDY

McAdam LLC lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 13.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,281 shares of the company’s stock after selling 342 shares during the period. McAdam LLC’s holdings in monday.com were worth $717,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNDY. ASR Vermogensbeheer N.V. bought a new stake in shares of monday.com in the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in monday.com in the 1st quarter valued at $25,000. NewEdge Advisors LLC lifted its position in shares of monday.com by 2,120.0% during the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after acquiring an additional 106 shares during the period. Grove Bank & Trust acquired a new stake in shares of monday.com during the 1st quarter worth $30,000. Finally, First Horizon Advisors Inc. grew its holdings in shares of monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after purchasing an additional 70 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of analyst reports. Oppenheimer started coverage on monday.com in a research note on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price target for the company. Jefferies Financial Group dropped their target price on shares of monday.com from $360.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Wall Street Zen lowered shares of monday.com from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Wells Fargo & Company set a $365.00 price objective on shares of monday.com and gave the company an “overweight” rating in a research report on Friday, June 13th. Finally, TD Cowen reduced their target price on monday.com from $360.00 to $290.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.86.

monday.com Price Performance

Shares of monday.com stock opened at $207.28 on Friday. The company’s 50 day moving average price is $215.10 and its two-hundred day moving average price is $255.48. The firm has a market capitalization of $10.52 billion, a P/E ratio of 280.11, a P/E/G ratio of 10.04 and a beta of 1.25. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.25. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company 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 business earned $0.94 earnings per share. The company’s revenue for the quarter 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. On average, analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

About monday.com

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.