WCM Investment Management LLC Has $1.25 Billion Stock Holdings in monday.com Ltd. $MNDY

WCM Investment Management LLC decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,069,392 shares of the company’s stock after selling 9,593 shares during the period. monday.com comprises 2.9% of WCM Investment Management LLC’s holdings, making the stock its 12th largest holding. WCM Investment Management LLC owned approximately 8.02% of monday.com worth $1,253,210,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MNDY. Rubicon Global Capital Ltd boosted its position in shares of monday.com by 155.3% during the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock worth $453,763,000 after acquiring an additional 877,700 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in monday.com by 102.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after purchasing an additional 851,231 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $583,969,000 after purchasing an additional 745,686 shares during the last quarter. 1832 Asset Management L.P. bought a new position in monday.com in the 1st quarter valued at approximately $115,744,000. Finally, T. Rowe Price Investment Management Inc. lifted its stake 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 valued at $224,759,000 after purchasing an additional 458,794 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MNDY shares. Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of monday.com from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Canaccord Genuity Group dropped their price objective on shares of monday.com from $350.00 to $255.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird dropped their price objective on shares of monday.com from $310.00 to $240.00 and set an “outperform” rating for the company in a research note 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 for the company in a research note on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $290.81.

monday.com Stock Performance

MNDY stock opened at $180.91 on Thursday. The company has a fifty day moving average price of $190.78 and a 200-day moving average price of $248.63. The company has a market capitalization of $9.18 billion, a P/E ratio of 244.48, a PEG ratio of 8.87 and a beta of 1.24. monday.com Ltd. has a 52-week low of $166.22 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.25. The firm had revenue of $299.01 million during the quarter, compared to the consensus estimate of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.