Stephens Investment Management Group LLC Has $24.40 Million Stock Position in monday.com Ltd. $MNDY

Stephens Investment Management Group LLC lessened its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 125,960 shares of the company’s stock after selling 5,779 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.25% of monday.com worth $24,397,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rubicon Global Capital Ltd increased its holdings in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after buying an additional 877,700 shares during the period. Norges Bank acquired a new stake in shares of monday.com during the 2nd quarter valued at about $161,114,000. Nordea Investment Management AB raised its position in monday.com by 2,501.5% in the third quarter. Nordea Investment Management AB now owns 326,951 shares of the company’s stock worth $62,990,000 after purchasing an additional 314,383 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in monday.com by 148.1% during the third quarter. Assenagon Asset Management S.A. now owns 490,527 shares of the company’s stock worth $95,010,000 after purchasing an additional 292,813 shares during the period. Finally, Thrivent Financial for Lutherans lifted its stake in monday.com by 9,247.1% during the second quarter. Thrivent Financial for Lutherans now owns 177,315 shares of the company’s stock worth $55,748,000 after purchasing an additional 175,418 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 4.6%

MNDY opened at $126.70 on Friday. monday.com Ltd. has a 1-year low of $126.41 and a 1-year high of $342.64. The stock has a market capitalization of $6.43 billion, a PE ratio of 103.01, a PEG ratio of 2.91 and a beta of 1.26. The firm has a 50-day moving average price of $149.16 and a two-hundred day moving average price of $193.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. During the same period in the prior year, the firm earned $0.85 earnings per share. monday.com’s revenue was up 26.3% compared to the same quarter last year. On average, research analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MNDY. BTIG Research restated a “buy” rating and set a $210.00 target price on shares of monday.com in a research report on Thursday. Tigress Financial lifted their price objective on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Wells Fargo & Company lowered their target price on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Robert W. Baird dropped their target price on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group reduced their price target on shares of monday.com from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $257.39.

monday.com Profile

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.