Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 9,500 Shares of monday.com Ltd. $MNDY

Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in monday.com Ltd. (NASDAQ:MNDY) by 51.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,000 shares of the company’s stock after acquiring an additional 9,500 shares during the period. monday.com accounts for about 1.0% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 28th biggest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in monday.com were worth $1,935,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Capital World Investors boosted its stake in monday.com by 91.4% in the 4th quarter. Capital World Investors now owns 3,286,461 shares of the company’s stock worth $484,950,000 after purchasing an additional 1,569,198 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of monday.com by 15.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock worth $188,126,000 after acquiring an additional 165,996 shares during the last quarter. Renaissance Technologies LLC grew its stake in monday.com by 7.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,129,090 shares of the company’s stock valued at $166,609,000 after acquiring an additional 74,800 shares in the last quarter. SG Americas Securities LLC increased its holdings in monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after acquiring an additional 490,491 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in monday.com by 2.2% in the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after purchasing an additional 15,377 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Oppenheimer set a $115.00 target price on monday.com in a research report on Monday, May 11th. Citigroup lowered their target price on monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Piper Sandler upped their price target on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Barclays increased their price target on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.48.

monday.com Price Performance

monday.com stock opened at $67.09 on Friday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $316.98. The company’s 50-day moving average is $74.86 and its 200 day moving average is $93.70.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The firm had revenue of $351.26 million for the quarter. Research analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

About monday.com

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.