monday.com (NASDAQ:MNDY) Stock Gets Price Target Trim from BTIG Research

monday.com (NASDAQ:MNDY) had its target price cut by BTIG Research from $105.00 to $100.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

MNDY has been the subject of several other research reports. Morgan Stanley set a $105.00 target price on shares of monday.com in a report on Tuesday, November 3rd. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st. Weiss Ratings raised shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 15th. Bank of America reissued a “neutral” rating on shares of monday.com in a research report on Tuesday. Finally, Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 15th. Nine research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $103.09.

monday.com Stock Down 0.8%

NASDAQ:MNDY opened at $77.04 on Tuesday. The company has a market cap of $3.94 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.40 and a beta of 1.06. monday.com has a twelve month low of $57.50 and a twelve month high of $164.49. The business has a 50 day moving average price of $89.08 and a two-hundred day moving average price of $82.03.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 9th. The company reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.73. monday.com had a net margin of 10.05% and a return on equity of 16.75%. The company had revenue of $377.54 million for the quarter, compared to the consensus estimate of $369.17 million. During the same period last year, the company earned $1.16 earnings per share. The firm’s revenue was up 19.1% compared to the same quarter last year. As a group, analysts anticipate that monday.com will post 2.34 earnings per share for the current fiscal year.

Insider Activity at monday.com

In other news, Director Aviad Eyal sold 2,000 shares of the 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 completion of the sale, the director owned 203,455 shares of the company’s stock, valued at approximately $20,353,638.20. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 22.30% of the company’s stock.

Hedge Funds Weigh In On monday.com

Institutional investors have recently added to or reduced their stakes in the company. Fulton Bank N.A. lifted its stake in monday.com by 5.1% in the second quarter. Fulton Bank N.A. now owns 3,339 shares of the company’s stock valued at $242,000 after acquiring an additional 162 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 354 shares during the period. Global Retirement Partners LLC grew its position in shares of monday.com by 600.0% in the 3rd quarter. Global Retirement Partners LLC now owns 896 shares of the company’s stock valued at $70,000 after acquiring an additional 768 shares during the period. Signaturefd LLC grew its position in shares of monday.com by 28.3% in the 3rd quarter. Signaturefd LLC now owns 4,469 shares of the company’s stock valued at $351,000 after acquiring an additional 987 shares during the period. Finally, State of Wyoming increased its stake in shares of monday.com by 96.6% during the 1st 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 last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about monday.com

Here are a few of the latest headlines about MNDY:

• Positive Sentiment: Morgan Stanley maintained a Buy rating, providing a counterpoint to the broader wave of cautious analyst actions. Morgan Stanley Remains a Buy on Monday.com
• Negative Sentiment: Multiple firms cut price targets, including Wells Fargo, BTIG, Barclays, JPMorgan, Citi and UBS. Canaccord downgraded the stock, while Needham also lowered its rating to Hold, citing disappointing Q3 results. The breadth of these moves signals more cautious expectations for MNDY. Wells Fargo forecast Analyst insights
• Negative Sentiment: Management’s discussion pointed to slowing revenue growth, longer sales cycles and weakness among small businesses, tempering optimism about AI monetization and enterprise expansion. Reports of heavy put-option buying also reflect bearish positioning, though options activity alone does not establish the market’s direction. Q3 Earnings Call Highlights Put options activity

About monday.com

monday.com Ltd. is a software company that provides a cloud-based platform for organizations to plan, manage and track work. Founded in 2012 as dapulse, the company adopted the monday.com name in 2017. Its products include monday work management, monday CRM, monday dev and monday service. The platform offers tools for project and workflow management, customer relationship management, software development and service operations, with features for collaboration, automation and reporting. Headquartered in Tel Aviv, Israel, monday.com serves customers across a range of industries and geographies.