WCM Investment Management LLC Purchases 115,353 Shares of monday.com Ltd. $MNDY

WCM Investment Management LLC increased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,184,745 shares of the company’s stock after acquiring an additional 115,353 shares during the period. monday.com comprises approximately 1.8% of WCM Investment Management LLC’s holdings, making the stock its 19th largest holding. WCM Investment Management LLC owned approximately 0.08% of monday.com worth $843,519,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Coronation Fund Managers Ltd. grew its holdings in monday.com by 15.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 78,577 shares of the company’s stock worth $24,711,000 after acquiring an additional 10,693 shares during the period. Baillie Gifford & Co. lifted its holdings in monday.com by 136.5% during the third quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock worth $137,186,000 after acquiring an additional 408,848 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in monday.com by 17.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock worth $15,303,000 after purchasing an additional 12,000 shares in the last quarter. Oberndorf William E boosted its holdings in shares of monday.com by 27.4% in the second quarter. Oberndorf William E now owns 64,036 shares of the company’s stock valued at $20,138,000 after buying an additional 13,754 shares during the period. Finally, Geode Capital Management LLC lifted its position in monday.com by 9.8% in the 2nd quarter. Geode Capital Management LLC now owns 381,772 shares of the company’s stock valued at $119,301,000 after acquiring an additional 34,150 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY stock opened at $112.89 on Tuesday. The stock’s fifty day moving average price is $142.38 and its two-hundred day moving average price is $179.51. The company has a market cap of $5.73 billion, a PE ratio of 91.78, a P/E/G ratio of 2.59 and a beta of 1.26. monday.com Ltd. has a fifty-two week low of $112.50 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.89 by $0.27. The firm had revenue of $316.86 million during the quarter, compared to the consensus estimate of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MNDY. Jefferies Financial Group dropped their target price on monday.com from $300.00 to $260.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Barclays lowered their price target on monday.com from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Piper Sandler reduced their price objective on shares of monday.com from $250.00 to $170.00 and set an “overweight” rating for the company in a research report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Finally, DA Davidson dropped their target price on monday.com from $275.00 to $250.00 and set a “buy” rating for the company in a report on Tuesday, November 11th. Twenty-one research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $242.22.

monday.com Company 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.