Westfield Capital Management Co. LP Reduces Stock Position in monday.com Ltd. $MNDY

Westfield Capital Management Co. LP decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 646,320 shares of the company’s stock after selling 18,844 shares during the quarter. monday.com comprises about 0.9% of Westfield Capital Management Co. LP’s holdings, making the stock its 24th largest position. Westfield Capital Management Co. LP owned 1.27% of monday.com worth $203,255,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Spire Wealth Management raised its position in shares of monday.com by 7.5% in the second quarter. Spire Wealth Management now owns 615 shares of the company’s stock valued at $193,000 after buying an additional 43 shares during the last quarter. CWM LLC lifted its stake in shares of monday.com by 31.3% during the 2nd quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after purchasing an additional 50 shares during the period. Dakota Wealth Management boosted its holdings in shares of monday.com by 3.0% during the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock worth $564,000 after purchasing an additional 52 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its stake in monday.com by 6.1% in the first quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company’s stock valued at $231,000 after purchasing an additional 55 shares during the last quarter. Finally, Chicago Capital LLC increased its stake in monday.com by 3.6% in the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock valued at $497,000 after purchasing an additional 55 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Baird R W raised monday.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 6th. Canaccord Genuity Group decreased their target price 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. Oppenheimer initiated coverage on shares of monday.com in a report on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 target price for the company. Zacks Research raised shares of monday.com from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price target on shares of monday.com in a report on Thursday, September 18th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.19.

monday.com Trading Down 2.8%

NASDAQ:MNDY opened at $148.92 on Thursday. The firm’s fifty day simple moving average is $188.26 and its 200 day simple moving average is $236.68. monday.com Ltd. has a twelve month low of $147.14 and a twelve month high of $342.64. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 121.07, a PEG ratio of 6.05 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, analysts predict that monday.com Ltd. will post 0.46 earnings per share 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.