monday.com Ltd. $MNDY Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in monday.com Ltd. (NASDAQ:MNDY) by 2,501.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 326,951 shares of the company’s stock after acquiring an additional 314,383 shares during the quarter. Nordea Investment Management AB owned about 0.64% of monday.com worth $62,990,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management increased its stake in monday.com by 7.5% in the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after purchasing an additional 43 shares during the last quarter. CWM LLC boosted its holdings in shares of monday.com by 31.3% in the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after buying an additional 50 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of monday.com by 3.0% in the 2nd quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock valued at $564,000 after buying an additional 52 shares in the last quarter. Chicago Capital LLC grew its position in shares of monday.com by 3.6% in the 2nd quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock valued at $497,000 after buying an additional 55 shares during the last quarter. Finally, RFG Advisory LLC raised its stake in monday.com by 2.9% during the 2nd quarter. RFG Advisory LLC now owns 1,958 shares of the company’s stock worth $616,000 after acquiring an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of several research analyst reports. Canaccord Genuity Group decreased their price objective 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. UBS Group set a $202.00 target price on monday.com in a report on Tuesday, November 11th. Zacks Research upgraded monday.com from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. DA Davidson cut their price target on monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Citigroup decreased their price objective on monday.com from $319.00 to $293.00 and set a “buy” rating for the company in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.39.

monday.com Stock Down 6.4%

MNDY opened at $130.33 on Thursday. monday.com Ltd. has a 52 week low of $129.99 and a 52 week high of $342.64. The business has a 50 day moving average price of $151.38 and a two-hundred day moving average price of $196.15. The company has a market cap of $6.62 billion, a PE ratio of 105.96, a P/E/G ratio of 3.20 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating 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 the consensus estimate of $312.26 million. During the same period last year, the business posted $0.85 EPS. The company’s revenue was up 26.3% on a year-over-year basis. As a group, sell-side 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.