NZS Capital LLC Has $12.61 Million Holdings in monday.com Ltd. $MNDY

NZS Capital LLC lifted its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 415.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,087 shares of the company’s stock after acquiring an additional 52,459 shares during the quarter. NZS Capital LLC owned approximately 0.13% of monday.com worth $12,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares during the last quarter. Promus Capital LLC acquired a new stake in monday.com during the 2nd quarter worth approximately $45,000. Smartleaf Asset Management LLC grew its holdings in monday.com by 575.8% during the 3rd quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock worth $45,000 after acquiring an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after acquiring an additional 65 shares during the last quarter. Finally, Allworth Financial LP increased its position in monday.com by 219.6% in the 2nd quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 3.6%

Shares of NASDAQ MNDY opened at $73.56 on Wednesday. The firm has a market cap of $3.73 billion, a PE ratio of 32.69, a P/E/G ratio of 1.31 and a beta of 1.31. The company’s fifty day simple moving average is $111.95 and its 200 day simple moving average is $154.41. monday.com Ltd. has a 12-month low of $68.68 and a 12-month high of $316.98.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.13. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm had revenue of $333.88 million during the quarter, compared to the consensus estimate of $329.71 million. During the same period in the previous year, the firm posted $1.08 earnings per share. The business’s revenue was up 24.6% compared to the same quarter last year. On average, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNDY. Piper Sandler decreased their price objective on monday.com from $170.00 to $100.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Bank of America decreased their price target on monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a research note on Tuesday, February 10th. Morgan Stanley lowered their price objective on monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a research report on Tuesday, January 27th. BTIG Research reduced their target price on monday.com from $210.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Finally, DA Davidson set a $100.00 price target on shares of monday.com in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $155.38.

monday.com Company Profile

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.