Nordea Investment Management AB Boosts Position in monday.com Ltd. $MNDY

Nordea Investment Management AB boosted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 80.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 12,568 shares of the company’s stock after buying an additional 5,622 shares during the period. Nordea Investment Management AB’s holdings in monday.com were worth $3,977,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. WCM Investment Management LLC raised its holdings in monday.com by 0.4% in the first quarter. WCM Investment Management LLC now owns 4,078,985 shares of the company’s stock valued at $1,007,550,000 after buying an additional 17,371 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after buying an additional 745,686 shares during the period. JPMorgan Chase & Co. raised its holdings in monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after buying an additional 851,231 shares during the period. Rubicon Global Capital Ltd raised its holdings in monday.com by 155.3% in the second 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. Finally, T. Rowe Price Investment Management Inc. raised its holdings in monday.com by 98.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock valued at $224,759,000 after buying an additional 458,794 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ MNDY opened at $192.28 on Wednesday. monday.com Ltd. has a 12 month low of $166.22 and a 12 month high of $342.64. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 259.84, a price-to-earnings-growth ratio of 8.79 and a beta of 1.24. The company’s fifty day moving average price is $188.68 and its two-hundred day moving average price is $246.97.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of monday.com from $350.00 to $255.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Wells Fargo & Company assumed coverage on shares of monday.com in a research note on Tuesday, September 30th. They set an “overweight” rating and a $260.00 price objective on the stock. Jefferies Financial Group dropped their price objective on shares of monday.com from $360.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. KeyCorp reiterated an “overweight” rating and set a $330.00 price objective on shares of monday.com in a research note on Monday, August 11th. Finally, Baird R W upgraded shares of monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. One research 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 given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $290.81.

monday.com 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.