Thrivent Financial for Lutherans Raises Stake in monday.com Ltd. $MNDY

Thrivent Financial for Lutherans grew its stake in monday.com Ltd. (NASDAQ:MNDY) by 9,247.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,315 shares of the company’s stock after acquiring an additional 175,418 shares during the quarter. Thrivent Financial for Lutherans’ holdings in monday.com were worth $55,748,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MNDY. Summit Securities Group LLC purchased a new stake in shares of monday.com in the first quarter valued at about $25,000. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Promus Capital LLC acquired a new position in monday.com in the 2nd quarter valued at about $45,000. EverSource Wealth Advisors LLC grew its stake in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its holdings in shares of monday.com by 60.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of monday.com stock opened at $156.94 on Monday. The stock has a market capitalization of $7.97 billion, a price-to-earnings ratio of 127.59, a price-to-earnings-growth ratio of 6.20 and a beta of 1.27. The business has a 50-day moving average of $172.24 and a 200 day moving average of $220.06. monday.com Ltd. has a 12 month low of $141.20 and a 12 month high of $342.64.

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

Analyst Ratings Changes

MNDY has been the topic of several analyst reports. Cantor Fitzgerald decreased their price objective on monday.com from $286.00 to $257.00 and set an “overweight” rating on the stock in a report on Thursday, September 18th. Oppenheimer began coverage on monday.com in a research report on Wednesday, August 27th. They issued an “outperform” rating and a $300.00 target price on the stock. Bank of America lowered their price target on monday.com from $205.00 to $195.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Citigroup reduced their price objective on shares of monday.com from $332.00 to $319.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Finally, Canaccord Genuity Group lowered their target price on shares of monday.com from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average target price of $262.91.

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.