Geode Capital Management LLC Has $64.30 Million Holdings in monday.com Ltd. $MNDY

Geode Capital Management LLC boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 10.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,076 shares of the company’s stock after buying an additional 42,655 shares during the quarter. Geode Capital Management LLC owned approximately 0.86% of monday.com worth $64,295,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares in the last quarter. CoreCap Advisors LLC boosted its stake in shares of monday.com by 29.8% during the fourth quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after purchasing an additional 89 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of monday.com by 5.3% during the third quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after purchasing an additional 91 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Finally, Swiss Life Asset Management Ltd boosted its stake in shares of monday.com by 4.1% during the third quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock valued at $682,000 after purchasing an additional 138 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen lifted their price target on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Wall Street Zen lowered monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Loop Capital set a $80.00 price target on monday.com in a research note on Tuesday, February 10th. Jefferies Financial Group reissued a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company cut their price target on monday.com from $200.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Seventeen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.48.

monday.com Price Performance

Shares of MNDY opened at $83.76 on Tuesday. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 4.29 and a beta of 1.24. The business has a 50-day moving average of $72.56 and a 200-day moving average of $100.47.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The business had revenue of $351.27 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. As a group, sell-side analysts anticipate that monday.com Ltd. will post 1.59 EPS for the current 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.