monday.com (NASDAQ:MNDY) Cut to Hold at Needham & Company LLC

monday.com (NASDAQ:MNDY) was downgraded by equities research analysts at Needham & Company LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, Briefing.com reports.

Several other research analysts have also weighed in on MNDY. Wells Fargo & Company lowered their target price on shares of monday.com from $130.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Canaccord Genuity Group cut shares of monday.com from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Monday. Capital One Financial downgraded shares of monday.com from an “overweight” rating to an “equal weight” rating and set a $95.00 price target on the stock. in a research note on Monday, August 10th. Cantor Fitzgerald lowered shares of monday.com from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $112.00 to $90.00 in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of monday.com from a “hold” rating to a “buy” rating in a research report on Sunday, November 1st. Ten analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Hold” and a consensus price target of $106.26.

monday.com Stock Performance

Shares of NASDAQ MNDY traded down $8.08 during mid-day trading on Monday, reaching $79.85. 2,527,821 shares of the company’s stock were exchanged, compared to its average volume of 1,756,987. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.98 and a beta of 1.06. monday.com has a 52-week low of $57.50 and a 52-week high of $169.76. The company’s 50-day moving average is $90.72 and its 200-day moving average is $83.05.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, November 9th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.73. The firm had revenue of $377.54 million during the quarter, compared to the consensus estimate of $369.17 million. monday.com had a return on equity of 9.09% and a net margin of 8.87%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same period last year, the company earned $1.16 EPS. As a group, equities analysts predict that monday.com will post 2.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Aviad Eyal sold 2,000 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $100.04, for a total transaction of $200,080.00. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.30% of the company’s stock.

Institutional Trading of monday.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Fulton Bank N.A. lifted its position in shares of monday.com by 5.1% during the second quarter. Fulton Bank N.A. now owns 3,339 shares of the company’s stock worth $242,000 after purchasing an additional 162 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of monday.com by 498.6% in the first quarter. EverSource Wealth Advisors LLC now owns 425 shares of the company’s stock valued at $29,000 after purchasing an additional 354 shares in the last quarter. Signaturefd LLC increased its stake in monday.com by 28.3% during the 3rd quarter. Signaturefd LLC now owns 4,469 shares of the company’s stock worth $351,000 after buying an additional 987 shares during the period. State of Wyoming increased its stake in 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 buying an additional 1,718 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in monday.com by 56.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 4,746 shares of the company’s stock worth $372,000 after buying an additional 1,720 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about monday.com

Here are the key news stories impacting monday.com this week:

• Positive Sentiment: Q3 results topped estimates: earnings were $2.14 per share versus consensus of $1.41, while revenue of $377.54 million exceeded expectations of $369.17 million and grew 19.1% year over year. Monday.com Tops Q3 Earnings and Revenue Estimates
• Negative Sentiment: Q4 revenue guidance of $380 million to $382 million fell short of analysts’ expectations, raising concerns that growth is slowing. The outlook overshadowed the quarterly beat. monday.com Expects Q4 Revenue Range
• Negative Sentiment: Reports say monday.com’s push toward AI is creating near-term headwinds and contributing to slower growth expectations, adding to investor concerns about the outlook. monday.com Warns of Slower Growth as AI Shift Brings Near-Term Headwinds
• Negative Sentiment: Put-option activity was unusually high, with 14,663 puts acquired—about 550% above the average volume. This may indicate increased hedging or bearish positioning, though options activity alone does not establish investor direction.

monday.com Company Profile

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.