The price of monday.com Ltd. (NASDAQ:MNDY) shares last traded on Wall Street fell -7.50% to $114.94.
MNDY stock price is now 8.28% away from the 50-day moving average and 0.45% away from the 200-day moving average. The market capitalization of the company currently stands at $4.94B.
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With the price target enhanced from $130 to $140, JP Morgan Upgraded its rating from Neutral to Overweight for monday.com Ltd. (NASDAQ: MNDY). On October 13, 2022, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $135, while ‘Credit Suisse’ rates the stock as ‘Outperform’.
A total of 32.18% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MNDY stock. A new stake in monday.com Ltd. shares was purchased by 1832 ASSET MANAGEMENT L.P. during the first quarter worth $70,998,000. EAGLE ASSET MANAGEMENT INC invested $24,774,000 in shares of MNDY during the first quarter. In the first quarter, WASATCH ADVISORS INC acquired a new stake in monday.com Ltd. valued at approximately $23,562,000. ARTISAN PARTNERS LIMITED PARTNERSHIP acquired a new stake in MNDY for approximately $17,901,000. WHALE ROCK CAPITAL MANAGEMENT LLC purchased a new stake in MNDY valued at around $12,544,000 in the second quarter. In total, there are 180 active investors with 61.90% ownership of the company’s stock.
A candlestick chart of monday.com Ltd. (NASDAQ: MNDY) showed a price of $120.46 on Thursday morning. During the past 12 months, monday.com Ltd. has had a low of $73.58 and a high of $238.43. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.10, and a quick ratio of 3.10. The fifty day moving average price for MNDY is $106.15 and a two-hundred day moving average price translates $114.43 for the stock.
The latest earnings results from monday.com Ltd. (NASDAQ: MNDY) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.33, beating analysts’ expectations of -$0.75 by 0.42. This compares to -$0.65 EPS in the same period last year. The net profit margin was -36.20% and return on equity was -25.30% for MNDY. The company reported revenue of $136.89 million for the quarter, compared to $83.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 64.9 percent. For the current quarter, analysts expect MNDY to generate $130.4M in revenue.
monday.com Ltd.(MNDY) Company Profile
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It 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. The company also offers product solutions for marketing, CRM, project management, software development, and other fields; and business development, presale, and customer success services. It serves organizations, educational or government institution, and distinct business unit of an organization. The company was formerly known as DaPulse Labs Ltd. and changed its name to monday.com Ltd. in November 2017. monday.com Ltd. was incorporated in 2012 and is headquartered in Tel Aviv-Yafo, Israel.
