J. Safra Sarasin Holding AG Sells 369 Shares of monday.com Ltd. $MNDY

J. Safra Sarasin Holding AG lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,034 shares of the company’s stock after selling 369 shares during the period. J. Safra Sarasin Holding AG’s holdings in monday.com were worth $8,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of monday.com by 102.5% in the first quarter. JPMorgan Chase & Co. now owns 1,682,013 shares of the company’s stock valued at $408,999,000 after acquiring an additional 851,231 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of monday.com by 8.7% in the first quarter. Public Sector Pension Investment Board now owns 18,661 shares of the company’s stock worth $4,538,000 after buying an additional 1,500 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of monday.com by 34.5% during the 1st quarter. Neuberger Berman Group LLC now owns 408,960 shares of the company’s stock worth $99,443,000 after acquiring an additional 104,968 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in monday.com by 45.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after acquiring an additional 745,686 shares during the period. Finally, Nuveen LLC bought a new position in monday.com in the 1st quarter valued at $23,078,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MNDY has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $250.00 target price on shares of monday.com in a research note on Thursday, September 18th. UBS Group lowered their price objective on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Canaccord Genuity Group reduced their target price on shares of monday.com from $350.00 to $255.00 and set a “buy” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company started coverage on shares of monday.com in a research note on Tuesday. They set an “overweight” rating and a $260.00 price target for the company. Finally, Morgan Stanley upgraded monday.com from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $330.00 to $260.00 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus price target of $292.36.

monday.com Stock Down 1.1%

Shares of NASDAQ:MNDY opened at $182.26 on Friday. The firm has a 50 day moving average of $205.59 and a 200 day moving average of $253.49. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 246.30, a price-to-earnings-growth ratio of 8.71 and a beta of 1.24. monday.com Ltd. has a 52 week low of $166.22 and a 52 week high of $342.64.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 11th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.25. The business had revenue of $299.01 million for the quarter, compared to the consensus estimate of $293.60 million. monday.com had a return on equity of 6.32% and a net margin of 3.63%.The business’s revenue was up 26.6% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Profile

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, the United Kingdom, and internationally. The company provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools.