Orion Porfolio Solutions LLC Raises Holdings in monday.com Ltd. $MNDY

Orion Porfolio Solutions LLC grew its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 345.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,928 shares of the company’s stock after acquiring an additional 5,373 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in monday.com were worth $2,179,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its position in monday.com by 9,247.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 177,315 shares of the company’s stock worth $55,748,000 after purchasing an additional 175,418 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of monday.com by 10.2% during the second quarter. Neuberger Berman Group LLC now owns 450,619 shares of the company’s stock valued at $141,683,000 after buying an additional 41,659 shares during the last quarter. Promus Capital LLC acquired a new position in shares of monday.com in the 2nd quarter valued at $45,000. Ranger Investment Management L.P. increased its position in shares of monday.com by 27.1% in the 2nd quarter. Ranger Investment Management L.P. now owns 58,075 shares of the company’s stock valued at $18,263,000 after acquiring an additional 12,385 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in monday.com by 9.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 20,361 shares of the company’s stock worth $6,403,000 after acquiring an additional 1,700 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. DA Davidson dropped their price target on monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. UBS Group set a $202.00 target price on monday.com in a research report on Tuesday, November 11th. Robert W. Baird reduced their price target on shares of monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Citigroup dropped 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, Barclays cut their price objective on shares of monday.com from $258.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, monday.com has a consensus rating of “Moderate Buy” and a consensus price target of $260.61.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $147.08 on Friday. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 119.58, a PEG ratio of 5.75 and a beta of 1.27. The firm’s 50 day simple moving average is $168.46 and its 200-day simple moving average is $215.93. monday.com Ltd. has a 12 month low of $141.20 and a 12 month high of $342.64.

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