monday.com Ltd. $MNDY Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC cut its stake in monday.com Ltd. (NASDAQ:MNDY) by 9.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,954 shares of the company’s stock after selling 410 shares during the period. MetLife Investment Management LLC’s holdings in monday.com were worth $961,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MNDY. The Manufacturers Life Insurance Company raised its holdings in monday.com by 2.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 13,623 shares of the company’s stock valued at $3,207,000 after acquiring an additional 274 shares in the last quarter. Bank of America Corp DE raised its holdings in monday.com by 21.5% in the fourth quarter. Bank of America Corp DE now owns 115,512 shares of the company’s stock valued at $27,196,000 after acquiring an additional 20,438 shares in the last quarter. Captrust Financial Advisors raised its holdings in monday.com by 1.2% in the fourth quarter. Captrust Financial Advisors now owns 7,041 shares of the company’s stock valued at $1,658,000 after acquiring an additional 85 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of monday.com by 39.6% during the fourth quarter. Cetera Investment Advisers now owns 4,148 shares of the company’s stock worth $977,000 after purchasing an additional 1,177 shares during the period. Finally, Ethic Inc. raised its holdings in shares of monday.com by 48.9% during the fourth quarter. Ethic Inc. now owns 2,290 shares of the company’s stock worth $539,000 after purchasing an additional 752 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on MNDY shares. Loop Capital dropped their target price on shares of monday.com from $385.00 to $375.00 and set a “buy” rating on the stock in a report on Tuesday, May 13th. UBS Group dropped their target price on shares of monday.com from $310.00 to $215.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen cut shares of monday.com from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Oppenheimer started coverage on shares of monday.com in a report on Wednesday, August 27th. They set an “outperform” rating and a $300.00 target price on the stock. Finally, Barclays dropped their target price on shares of monday.com from $345.00 to $258.00 and set an “overweight” rating on the stock in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.59.

monday.com Stock Performance

monday.com stock opened at $185.73 on Friday. The company has a 50-day simple moving average of $242.61 and a 200-day simple moving average of $263.63. The firm has a market capitalization of $9.43 billion, a P/E ratio of 250.99, a P/E/G ratio of 10.96 and a beta of 1.25. monday.com Ltd. has a one year low of $166.22 and a one year high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The business had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a net margin of 3.63% and a return on equity of 6.32%. The company’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. monday.com has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.