Thrivent Financial for Lutherans Acquires 64,966 Shares of monday.com Ltd. $MNDY

Thrivent Financial for Lutherans boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 378,078 shares of the company’s stock after acquiring an additional 64,966 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.74% of monday.com worth $55,780,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC raised its position in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after acquiring an additional 115,353 shares in the last quarter. Ibex Investors LLC bought a new position in monday.com during the third quarter valued at approximately $34,864,000. Baillie Gifford & Co. raised its position in shares of monday.com by 136.5% in the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after purchasing an additional 408,848 shares during the period. TenCore Partners LP raised its position in shares of monday.com by 42.2% in the third quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock valued at $27,386,000 after purchasing an additional 41,935 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of monday.com by 17.9% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock valued at $15,303,000 after purchasing an additional 12,000 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 3.2%

Shares of monday.com stock opened at $71.97 on Friday. The company’s fifty day simple moving average is $70.27 and its 200-day simple moving average is $112.08. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.12 and a beta of 1.17. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The firm had revenue of $351.27 million for the quarter. As a group, research analysts forecast that monday.com Ltd. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. BTIG Research dropped their price target on shares of monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. KeyCorp dropped their price target on shares of monday.com from $220.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. DA Davidson set a $100.00 price target on shares of monday.com in a research report on Tuesday, February 10th. Robert W. Baird reissued a “neutral” rating and issued a $90.00 price target (down from $175.00) on shares of monday.com in a research report on Tuesday, February 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Seventeen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.78.

monday.com Profile

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.