TenCore Partners LP Has $18.87 Million Stake in monday.com Ltd. $MNDY

TenCore Partners LP lessened its position in monday.com Ltd. (NASDAQ:MNDY) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 127,890 shares of the company’s stock after selling 13,500 shares during the period. monday.com makes up about 9.6% of TenCore Partners LP’s investment portfolio, making the stock its 3rd biggest holding. TenCore Partners LP’s holdings in monday.com were worth $18,871,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC bought a new stake in monday.com in the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its stake in monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares in the last quarter. Abound Wealth Management bought a new stake in monday.com in the fourth quarter valued at approximately $30,000. Finally, Smartleaf Asset Management LLC increased its stake in monday.com by 575.8% in the third quarter. Smartleaf Asset Management LLC now owns 223 shares of the company’s stock valued at $45,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MNDY shares. Wells Fargo & Company reduced their price target on shares of monday.com from $200.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. UBS Group reduced their price target on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Cantor Fitzgerald reduced their price target on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Finally, Bank of America reduced their price target on shares of monday.com from $157.00 to $95.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Trading Up 14.2%

Shares of MNDY opened at $95.47 on Tuesday. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98. The firm has a fifty day simple moving average of $71.08 and a 200 day simple moving average of $102.93. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 4.58 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.27 million during the quarter. As a group, research analysts predict that monday.com Ltd. will post 1.45 earnings per share for the current fiscal year.

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.