monday.com Ltd. (NASDAQ:MNDY – Get Free Report) Director Aviad Eyal sold 2,000 shares of monday.com stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total value of $200,080.00. Following the transaction, the director owned 203,455 shares of the company’s stock, valued at $20,353,638.20. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
monday.com Trading Down 0.3%
MNDY stock opened at $106.53 on Friday. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $210.49. The business’s 50 day simple moving average is $89.84 and its 200 day simple moving average is $81.56. The firm has a market capitalization of $5.45 billion, a PE ratio of 45.33, a PEG ratio of 2.41 and a beta of 1.14.
monday.com (NASDAQ:MNDY – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.37. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The business had revenue of $364.62 million during the quarter, compared to the consensus estimate of $355.55 million. During the same quarter last year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 21.9% on a year-over-year basis. As a group, sell-side analysts predict that monday.com Ltd. will post 2.34 EPS for the current fiscal year.
Institutional Investors Weigh In On monday.com
A number of hedge funds and other institutional investors have recently modified their holdings of MNDY. EverSource Wealth Advisors LLC boosted its holdings in monday.com by 498.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of monday.com during the 3rd quarter worth approximately $235,000. Evanson Financial LLC bought a new position in shares of monday.com during the second quarter worth approximately $219,000. Fulton Bank N.A. increased its holdings in shares of monday.com by 5.1% during the second quarter. Fulton Bank N.A. now owns 3,339 shares of the company’s stock worth $242,000 after purchasing an additional 162 shares during the period. Finally, State of Wyoming increased its holdings in shares of monday.com by 96.6% during the first quarter. State of Wyoming now owns 3,497 shares of the company’s stock worth $242,000 after purchasing an additional 1,718 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on MNDY shares. JPMorgan Chase & Co. downgraded shares of monday.com from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $87.00 in a report on Tuesday, September 29th. Weiss Ratings raised shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 15th. Cantor Fitzgerald cut shares of monday.com from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $112.00 to $90.00 in a report on Monday, August 10th. Piper Sandler restated a “neutral” rating and set a $90.00 price objective on shares of monday.com in a research report on Monday, August 10th. Finally, Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. Twelve research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.70.
Get Our Latest Analysis on monday.com
Key Headlines Impacting monday.com
Here are the key news stories impacting monday.com this week:
- Positive Sentiment: A Seeking Alpha analysis rated monday.com a Buy and estimated intrinsic value at $113.50, citing potential margin expansion as operating expenses decline relative to revenue. The article said AI credits could increase revenue per customer, although execution remains important. monday.com: Operating Leverage Creates Upside, But AI Margins Remain The Key Risk
- Positive Sentiment: Other recent commentary described MNDY as potentially undervalued based on discounted future cash flow and estimated the shares could be modestly undervalued following the Harmony launch. The company’s latest reported quarter also showed revenue growth of 21.9% year over year and earnings well above consensus estimates. monday.com Stock Looks Cheap Based On Future Cash Flow monday.com Could Be 2% Undervalued After Harmony Launch
- Neutral Sentiment: monday.com was featured in Zacks’ growth-stock coverage and became one of the most heavily searched stocks on Zacks.com. The visibility may support trading interest, but search activity alone does not change the company’s fundamentals or valuation. Investors Heavily Search monday.com
- Negative Sentiment: Director Eyal Aviad sold 2,000 shares for approximately $200,080. The transaction represented less than 1% of his holdings and was executed under a pre-arranged Rule 10b5-1 plan, reducing its significance but still creating a modest insider-selling signal. In addition, Barclays and Zacks Research recently lowered their ratings, while the broader analyst consensus remains Hold with a $111.70 target. monday.com Director Sells 2,000 Shares
About monday.com
monday.com Ltd. is a software company that provides a cloud-based Work Operating System (Work OS) designed to help organizations manage projects, workflows and business operations. Its platform uses configurable boards, dashboards, automations, integrations and collaboration tools, enabling teams to organize work and build workflows without extensive software development.
The company offers products tailored to several business functions, including monday work management for project and task coordination, monday CRM for sales and customer relationship processes, monday dev for software development teams, and monday service for managing customer support and service operations.
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