monday.com Ltd. $MNDY is Sands Capital Alternatives LLC’s 7th Largest Position

Sands Capital Alternatives LLC lifted its stake in monday.com Ltd. (NASDAQ:MNDY) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,336 shares of the company’s stock after purchasing an additional 8,428 shares during the period. monday.com makes up 3.6% of Sands Capital Alternatives LLC’s investment portfolio, making the stock its 7th largest holding. Sands Capital Alternatives LLC owned 0.11% of monday.com worth $18,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its holdings in monday.com by 45.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,401,580 shares of the company’s stock valued at $583,969,000 after buying an additional 745,686 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of monday.com by 9.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock worth $576,442,000 after acquiring an additional 150,987 shares during the period. Rubicon Global Capital Ltd increased its stake in monday.com by 155.3% in the 2nd quarter. Rubicon Global Capital Ltd now owns 1,442,900 shares of the company’s stock valued at $453,763,000 after purchasing an additional 877,700 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in monday.com by 98.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 924,325 shares of the company’s stock worth $224,759,000 after purchasing an additional 458,794 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in monday.com by 1.3% during the first quarter. Alliancebernstein L.P. now owns 580,886 shares of the company’s stock worth $141,248,000 after purchasing an additional 7,656 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

MNDY has been the subject of several research reports. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price target on shares of monday.com in a research note on Monday, August 11th. Cantor Fitzgerald dropped their target price on shares of monday.com from $286.00 to $257.00 and set an “overweight” rating for the company in a report on Thursday, September 18th. Piper Sandler cut their target price on shares of monday.com from $275.00 to $250.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. DA Davidson lowered their price target on shares of monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, Barclays dropped their price objective on shares of monday.com from $258.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $270.19.

monday.com Price Performance

monday.com stock opened at $148.60 on Wednesday. The stock has a market capitalization of $7.54 billion, a P/E ratio of 120.81, a P/E/G ratio of 5.92 and a beta of 1.27. monday.com Ltd. has a 12-month low of $141.20 and a 12-month high of $342.64. The firm’s 50-day moving average is $178.33 and its two-hundred day moving average is $227.66.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. monday.com had a net margin of 5.58% and a return on equity of 5.99%. The business had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s revenue was up 26.3% on a year-over-year basis. As a group, analysts forecast 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.