13,400 Shares in monday.com Ltd. $MNDY Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of monday.com Ltd. (NASDAQ:MNDY) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,400 shares of the company’s stock, valued at approximately $970,000.

Several other large investors also recently added to or reduced their stakes in the business. Capital World Investors raised its holdings in shares of monday.com by 91.4% during the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock valued at $484,950,000 after purchasing an additional 1,569,198 shares in the last quarter. Renaissance Technologies LLC raised its holdings in monday.com by 93.3% during the first quarter. Renaissance Technologies LLC now owns 2,181,990 shares of the company’s stock valued at $150,797,000 after buying an additional 1,052,900 shares in the last quarter. Norges Bank bought a new stake in shares of monday.com during the 4th quarter worth about $79,789,000. Marshall Wace LLP increased its holdings in shares of monday.com by 294.0% during the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock valued at $78,637,000 after acquiring an additional 302,961 shares during the last quarter. Finally, Amundi raised its stake in shares of monday.com by 104.2% in the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock valued at $96,499,000 after acquiring an additional 261,000 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MNDY. Weiss Ratings reiterated a “sell (d+)” rating on shares of monday.com in a report on Thursday, June 11th. Canaccord Genuity Group lowered their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Tigress Financial dropped their target price on shares of monday.com to $165.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Wolfe Research lowered shares of monday.com from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, August 11th. Finally, UBS Group upped their price target on shares of monday.com from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $117.91.

monday.com Price Performance

Shares of monday.com stock opened at $83.67 on Wednesday. The firm has a fifty day moving average price of $86.85 and a two-hundred day moving average price of $78.16. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $220.80. The company has a market cap of $4.28 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 10th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.37. monday.com had a net margin of 8.87% and a return on equity of 9.09%. The business had revenue of $364.62 million during the quarter, compared to analyst estimates of $355.55 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts expect that monday.com Ltd. will post 2.25 earnings per share for the current fiscal year.

monday.com 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.