Gotham Asset Management LLC Boosts Stake in monday.com Ltd. $MNDY

Gotham Asset Management LLC lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 0.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,141 shares of the company’s stock after purchasing an additional 221 shares during the period. Gotham Asset Management LLC owned 0.18% of monday.com worth $22,648,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MNDY. JPMorgan Chase & Co. boosted its holdings in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock worth $408,999,000 after buying an additional 851,231 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in monday.com by 45.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock worth $583,969,000 after buying an additional 745,686 shares during the period. Rubicon Global Capital Ltd bought a new position in monday.com in the 1st quarter worth $137,434,000. 1832 Asset Management L.P. bought a new position in monday.com in the 1st quarter worth $115,744,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in monday.com by 98.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock worth $224,759,000 after buying an additional 458,794 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Price Performance

monday.com stock opened at $182.42 on Friday. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The firm has a market capitalization of $9.26 billion, a P/E ratio of 246.52, a price-to-earnings-growth ratio of 11.13 and a beta of 1.25. The company’s 50-day moving average is $245.06 and its 200 day moving average is $264.57.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 11th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.25. The company had revenue of $299.01 million for the quarter, compared to analyst estimates of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Research analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MNDY shares. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Barclays dropped their price objective on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating for the company in a report on Tuesday, August 12th. Zacks Research downgraded shares of monday.com from a “hold” rating to a “strong sell” rating in a report on Friday, August 22nd. Jefferies Financial Group dropped their price objective on shares of monday.com from $360.00 to $330.00 and set a “buy” rating for the company in a report on Monday, August 11th. Finally, TD Cowen dropped their price objective on shares of monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $303.59.

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.