monday.com Ltd. $MNDY Stock Sold by TenCore Partners LP

TenCore Partners LP cut its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 31.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,792 shares of the company’s stock after selling 42,200 shares during the period. monday.com makes up about 6.0% of TenCore Partners LP’s investment portfolio, making the stock its 7th largest holding. TenCore Partners LP owned about 0.18% of monday.com worth $7,202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MNDY. SEB Asset Management AB bought a new stake in monday.com during the 1st quarter valued at $1,639,000. Swiss National Bank boosted its position in monday.com by 28.6% during the 1st quarter. Swiss National Bank now owns 159,100 shares of the company’s stock worth $10,995,000 after acquiring an additional 35,400 shares during the period. Public Employees Retirement System of Ohio acquired a new position in monday.com during the 2nd quarter worth $970,000. Empowered Funds LLC grew its stake in shares of monday.com by 4,194.6% in the first quarter. Empowered Funds LLC now owns 14,430 shares of the company’s stock worth $997,000 after purchasing an additional 14,094 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of monday.com in the first quarter worth $1,534,000. 73.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Aviad Eyal sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $100.04, for a total transaction of $200,080.00. Following the completion of the sale, the director directly owned 203,455 shares of the company’s stock, valued at $20,353,638.20. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.30% of the stock is currently owned by corporate insiders.

Key Stories Impacting monday.com

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

• Positive Sentiment: Q3 revenue rose 19% year over year to $377.5 million, ahead of estimates, while EPS of $2.14 also exceeded consensus. Cost reductions helped lift the non-GAAP operating margin to a record 24%. Zacks Q3 earnings article
• Positive Sentiment: AI features generated $36 million in annual recurring revenue, offering a potential growth opportunity as the company shifts toward an AI-first strategy. The Motley Fool article
• Neutral Sentiment: Analysts cut price targets, but views remain mixed: Citigroup kept a Buy rating and Morgan Stanley and Wells Fargo maintained Overweight ratings, while UBS and JPMorgan remained Neutral. Citigroup analyst update
• Negative Sentiment: Q4 revenue guidance of $380 million–$382 million came in below the roughly $385.5 million consensus. The outlook reinforced concerns about slower demand, longer enterprise sales cycles and near-term challenges from the company’s strategic shift. StreetInsider earnings coverage
• Negative Sentiment: Analyst caution added to the pressure: Needham and Canaccord downgraded MNDY to Hold, and several firms lowered targets. Coverage also flagged a decline in retention, raising concern about the durability of growth. TipRanks article on retention and stock reaction

Analyst Ratings Changes

A number of brokerages have recently commented on MNDY. Jefferies Financial Group lowered their price target on monday.com from $95.00 to $90.00 and set a “hold” rating on the stock in a report on Tuesday. Needham & Company LLC downgraded shares of monday.com from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings upgraded shares of monday.com from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, October 15th. Guggenheim reiterated a “buy” rating and issued a $130.00 target price on shares of monday.com in a research report on Tuesday, November 3rd. Finally, TD Cowen lowered their target price on shares of monday.com from $105.00 to $95.00 and set a “hold” rating on the stock in a research note on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $103.09.

monday.com Trading Down 4.4%

Shares of NASDAQ MNDY opened at $76.38 on Wednesday. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $169.76. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.80 and a beta of 1.06. The firm has a 50-day moving average of $89.81 and a two-hundred day moving average of $82.56.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, November 9th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.73. The company had revenue of $377.54 million during the quarter, compared to analyst estimates of $369.17 million. monday.com had a net margin of 10.05% and a return on equity of 15.86%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. As a group, research analysts predict that monday.com Ltd. will post 2.34 earnings per share for the current year.

monday.com 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.