monday.com Ltd. $MNDY Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 68.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,205 shares of the company’s stock after purchasing an additional 29,356 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of monday.com worth $13,985,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Promus Capital LLC bought a new stake in shares of monday.com during the 2nd quarter worth about $45,000. EverSource Wealth Advisors LLC lifted its stake in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after acquiring an additional 65 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $50,000 after acquiring an additional 60 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of monday.com by 219.6% during the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after acquiring an additional 112 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research analyst reports. Guggenheim assumed coverage on monday.com in a research report on Thursday, December 4th. They issued a “buy” rating and a $250.00 target price for the company. Bank of America dropped their price objective 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. Citigroup decreased their target price on monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a research note on Tuesday, December 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of monday.com in a research report on Thursday, September 18th. Finally, Robert W. Baird cut their price target on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $257.74.

monday.com Stock Down 1.5%

NASDAQ:MNDY opened at $147.67 on Friday. monday.com Ltd. has a 1-year low of $141.20 and a 1-year high of $342.64. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 120.06, a price-to-earnings-growth ratio of 3.45 and a beta of 1.26. The stock has a fifty day simple moving average of $156.01 and a 200 day simple moving average of $201.29.

monday.com (NASDAQ:MNDY) last posted 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 firm had revenue of $316.86 million for the quarter, compared to the consensus estimate of $312.26 million. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 26.3% compared to the same quarter last year. Equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Profile

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.