Equitable Trust Co. Reduces Position in monday.com Ltd. $MNDY

Equitable Trust Co. trimmed its stake in monday.com Ltd. (NASDAQ:MNDY) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,800 shares of the company’s stock after selling 627 shares during the period. Equitable Trust Co.’s holdings in monday.com were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. ASR Vermogensbeheer N.V. acquired a new position in monday.com during the 1st quarter valued at approximately $25,000. Summit Securities Group LLC purchased a new position in monday.com during the first quarter valued at $25,000. NewEdge Advisors LLC raised its position in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of monday.com in the first quarter valued at about $30,000. Finally, First Horizon Advisors Inc. increased its position in monday.com by 72.9% during the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company’s stock worth $40,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MNDY shares. DA Davidson lowered their price objective on shares of monday.com from $325.00 to $275.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. TD Cowen reduced their price objective on shares of monday.com from $360.00 to $290.00 and set a “buy” rating for the company in a research report on Tuesday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 target price on shares of monday.com in a report on Thursday, September 18th. UBS Group cut their target price on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Finally, Cantor Fitzgerald dropped their price objective on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.81.

monday.com Stock Up 0.3%

MNDY stock opened at $185.65 on Tuesday. monday.com Ltd. has a fifty-two week low of $166.22 and a fifty-two week high of $342.64. The company has a market capitalization of $9.43 billion, a P/E ratio of 250.88, a PEG ratio of 8.74 and a beta of 1.24. The company has a 50-day simple moving average of $193.58 and a 200 day simple moving average of $249.53.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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. The firm had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Company Profile

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.