Generali Investments Towarzystwo Funduszy Inwestycyjnych Purchases 9,500 Shares of monday.com Ltd. $MNDY

Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in monday.com Ltd. (NASDAQ:MNDY) by 51.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,000 shares of the company’s stock after buying an additional 9,500 shares during the period. monday.com makes up about 1.0% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s investment portfolio, making the stock its 28th largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych owned about 0.05% of monday.com worth $1,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. DUTCH ASSET Corp purchased a new position in monday.com in the 4th quarter worth approximately $324,000. Hsbc Holdings PLC boosted its stake in monday.com by 6.4% during the 4th quarter. Hsbc Holdings PLC now owns 21,774 shares of the company’s stock valued at $3,226,000 after purchasing an additional 1,301 shares during the last quarter. DGS Capital Management LLC increased its holdings in shares of monday.com by 37.0% in the 4th quarter. DGS Capital Management LLC now owns 1,922 shares of the company’s stock worth $284,000 after purchasing an additional 519 shares in the last quarter. Avory & Company LLC purchased a new position in shares of monday.com in the fourth quarter worth $337,000. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of monday.com by 15.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,274,910 shares of the company’s stock valued at $188,126,000 after purchasing an additional 165,996 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MNDY. Canaccord Genuity Group reduced their price objective on monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. UBS Group decreased their price objective 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. Barclays raised their target price on shares of monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Citigroup decreased their target price on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Piper Sandler raised their price target on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Stock Performance

NASDAQ MNDY opened at $67.09 on Friday. The business’s fifty day moving average is $74.86 and its 200 day moving average is $93.70. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $316.98. The company has a market capitalization of $3.43 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 3.55 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The business had revenue of $351.26 million during the quarter. On average, sell-side analysts forecast that monday.com Ltd. will post 1.59 EPS for the current year.

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.