Circle Wealth Management LLC Makes New $472,000 Investment in monday.com Ltd. $MNDY

Circle Wealth Management LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,942 shares of the company's stock, valued at approximately $472,000.

• MNDY Stock Has a Case of the Mondays—Buy Before the Rebound

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Spire Wealth Management lifted its position in shares of monday.com by 7.9% during the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock valued at $139,000 after acquiring an additional 42 shares during the last quarter. Farther Finance Advisors LLC raised its stake in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in monday.com by 6.1% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock valued at $231,000 after purchasing an additional 55 shares during the period. First Horizon Advisors Inc. raised its stake in monday.com by 72.9% during the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares during the period. Finally, Signaturefd LLC raised its stake in monday.com by 50.7% during the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after purchasing an additional 73 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MNDY shares. Cowen reaffirmed a "buy" rating on shares of monday.com in a research note on Tuesday, August 12th. Loop Capital dropped their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. UBS Group decreased their price objective on shares of monday.com from $310.00 to $215.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Needham & Company LLC reiterated a "buy" rating and issued a $250.00 price objective on shares of monday.com in a report on Monday. Finally, Canaccord Genuity Group decreased their price objective on shares of monday.com from $350.00 to $255.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $303.59.

• Beyond the Magnificent 7: Tech’s Rising Stars

View Our Latest Stock Analysis on MNDY

monday.com Stock Performance

NASDAQ MNDY opened at $171.46 on Friday. monday.com Ltd. has a twelve month low of $166.22 and a twelve month high of $342.64. The stock has a market cap of $8.71 billion, a PE ratio of 231.71, a PEG ratio of 5.83 and a beta of 1.27. The firm has a 50-day simple moving average of $266.37 and a 200 day simple moving average of $272.33.

• Monday.com Stock Could Soar to New Highs—Here’s How

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

monday.com 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.

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