Left Brain Wealth Management LLC Purchases 735 Shares of monday.com Ltd. $MNDY

Left Brain Wealth Management LLC lifted its position in monday.com Ltd. (NASDAQ:MNDY) by 64.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,870 shares of the company’s stock after purchasing an additional 735 shares during the quarter. Left Brain Wealth Management LLC’s holdings in monday.com were worth $588,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. ASR Vermogensbeheer N.V. bought a new stake in monday.com in the 1st quarter worth approximately $25,000. Summit Securities Group LLC purchased a new position in shares of monday.com during the first quarter worth approximately $25,000. NewEdge Advisors LLC lifted its holdings in shares of monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its holdings 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 acquiring an additional 60 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of monday.com by 219.6% in the 2nd quarter. Allworth Financial LP now owns 163 shares of the company’s stock valued at $51,000 after purchasing an additional 112 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Up 1.1%

Shares of MNDY stock opened at $146.85 on Friday. monday.com Ltd. has a 12 month low of $141.58 and a 12 month high of $342.64. The stock has a market cap of $7.46 billion, a P/E ratio of 119.39, a P/E/G ratio of 5.80 and a beta of 1.24. The company has a 50 day simple moving average of $186.42 and a two-hundred day simple moving average of $234.88.

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, topping the consensus estimate of $0.89 by $0.27. The business 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 revenue was up 26.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. monday.com has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of analyst reports. Cowen reissued a “buy” rating on shares of monday.com in a research note on Tuesday, August 12th. Zacks Research raised monday.com from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of monday.com in a research report on Wednesday, October 8th. The Goldman Sachs Group reduced their target price on monday.com from $350.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, August 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of monday.com in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.19.

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.