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

Stephens Investment Management Group LLC decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,960 shares of the company’s stock after selling 5,779 shares during the quarter. Stephens Investment Management Group LLC’s holdings in monday.com were worth $24,397,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several research firms have recently issued reports on MNDY. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. Piper Sandler cut their price target on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. BTIG Research restated a “buy” rating and set a $210.00 price objective on shares of monday.com in a report on Thursday. DA Davidson lowered their target price on shares of monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.39.

monday.com Trading Down 4.6%

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

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The company had revenue of $316.86 million during 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 for the quarter was up 26.3% compared to the same quarter last year. On average, analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

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.