monday.com Ltd. $MNDY Holdings Raised by TenCore Partners LP

TenCore Partners LP boosted its position in monday.com Ltd. (NASDAQ:MNDY) by 42.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,390 shares of the company’s stock after purchasing an additional 41,935 shares during the period. monday.com comprises 12.1% of TenCore Partners LP’s investment portfolio, making the stock its 3rd biggest position. TenCore Partners LP’s holdings in monday.com were worth $27,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its position in 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 in the last quarter. Promus Capital LLC purchased a new position in shares of monday.com in the second quarter valued at $45,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying an additional 65 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of monday.com by 60.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after buying an additional 60 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of monday.com by 219.6% in the 2nd quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $51,000 after buying an additional 112 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of MNDY opened at $98.00 on Friday. monday.com Ltd. has a 1 year low of $92.73 and a 1 year high of $342.64. The company’s 50 day simple moving average is $138.72 and its 200 day simple moving average is $175.79. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 79.67, a PEG ratio of 2.14 and a beta of 1.25.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating 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 the consensus estimate of $312.26 million. During the same period in the previous year, the firm posted $0.85 EPS. monday.com’s revenue was up 26.3% on a year-over-year basis. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Citigroup lowered their price target on shares of monday.com from $293.00 to $230.00 and set a “buy” rating on the stock in a research report on Monday, February 2nd. Morgan Stanley dropped their price objective on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating for the company in a research note on Tuesday, January 27th. BTIG Research reaffirmed a “buy” rating and issued a $210.00 target price on shares of monday.com in a research note on Thursday, January 15th. Finally, Barclays lowered their target price on monday.com from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $229.87.

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.