Thrivent Financial for Lutherans Acquires 135,797 Shares of monday.com Ltd. $MNDY

Thrivent Financial for Lutherans raised its holdings in monday.com Ltd. (NASDAQ:MNDY) by 76.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 313,112 shares of the company’s stock after purchasing an additional 135,797 shares during the quarter. Thrivent Financial for Lutherans owned 0.62% of monday.com worth $60,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in monday.com in the 2nd quarter worth approximately $260,000. Truist Financial Corp increased its holdings in shares of monday.com by 36.8% in the 2nd quarter. Truist Financial Corp now owns 4,759 shares of the company’s stock worth $1,497,000 after buying an additional 1,280 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of monday.com by 74.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 42,849 shares of the company’s stock valued at $13,475,000 after buying an additional 18,323 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. raised its position in shares of monday.com by 297.0% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 401 shares of the company’s stock valued at $126,000 after buying an additional 300 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

monday.com stock opened at $114.75 on Monday. monday.com Ltd. has a fifty-two week low of $113.80 and a fifty-two week high of $342.64. The stock’s 50 day simple moving average is $143.03 and its two-hundred day simple moving average is $180.76. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 93.29, a PEG ratio of 2.59 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The firm had revenue of $316.86 million for the quarter, compared to analysts’ expectations of $312.26 million. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The company’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. On average, analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MNDY shares. Morgan Stanley cut their price objective on monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, January 27th. Piper Sandler dropped their target price on monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. KeyCorp reduced their price target on shares of monday.com from $270.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. UBS Group set a $202.00 price target on shares of monday.com in a research note on Tuesday, November 11th. Finally, Robert W. Baird cut their price objective on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Twenty-one analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $251.04.

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.