KCM Investment Advisors LLC Buys 700 Shares of monday.com Ltd. $MNDY

KCM Investment Advisors LLC grew its position in monday.com Ltd. (NASDAQ:MNDY) by 24.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,567 shares of the company’s stock after purchasing an additional 700 shares during the period. KCM Investment Advisors LLC’s holdings in monday.com were worth $1,122,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. ASR Vermogensbeheer N.V. bought a new stake in monday.com during the first quarter worth about $25,000. Summit Securities Group LLC acquired a new position in shares of monday.com in the 1st quarter worth approximately $25,000. NewEdge Advisors LLC boosted its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in monday.com by 60.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after acquiring an additional 60 shares during the last quarter. Finally, CWM LLC increased its holdings in monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock valued at $66,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 4.7%

Shares of NASDAQ:MNDY opened at $189.59 on Friday. monday.com Ltd. has a 1-year low of $166.22 and a 1-year high of $342.64. The stock has a market capitalization of $9.63 billion, a P/E ratio of 256.21, a P/E/G ratio of 8.96 and a beta of 1.24. The business has a 50-day moving average price of $193.08 and a two-hundred day moving average price of $243.05.

monday.com (NASDAQ:MNDY) last issued its 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 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 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 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on MNDY. Bank of America reissued a “neutral” rating and issued a $205.00 price objective (down previously from $240.00) on shares of monday.com in a research note on Thursday, August 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. Baird R W raised shares of monday.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Oppenheimer assumed coverage on shares of monday.com in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Wells Fargo & Company began coverage on shares of monday.com in a research report on Tuesday, September 30th. They set an “overweight” rating and a $260.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.