Baillie Gifford & Co. Has $137.19 Million Holdings in monday.com Ltd. $MNDY

Baillie Gifford & Co. raised its stake in monday.com Ltd. (NASDAQ:MNDY) by 136.5% in the third quarter, Holdings Channel.com reports. The firm owned 708,278 shares of the company’s stock after acquiring an additional 408,848 shares during the period. Baillie Gifford & Co.’s holdings in monday.com were worth $137,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Gibbs Wealth Management raised its position in shares of monday.com by 115.6% during the third quarter. Gibbs Wealth Management now owns 2,978 shares of the company’s stock valued at $577,000 after buying an additional 1,597 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in monday.com by 23.8% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 1,758 shares of the company’s stock worth $341,000 after buying an additional 338 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in monday.com by 17.9% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 79,009 shares of the company’s stock valued at $15,303,000 after acquiring an additional 12,000 shares during the period. McAdam LLC raised its holdings in monday.com by 13.9% in the 3rd quarter. McAdam LLC now owns 2,598 shares of the company’s stock valued at $503,000 after acquiring an additional 317 shares in the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in monday.com in the 3rd quarter valued at approximately $446,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $129.32 on Friday. The business’s fifty day moving average price is $145.68 and its two-hundred day moving average price is $187.50. monday.com Ltd. has a fifty-two week low of $123.45 and a fifty-two week high of $342.64. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 105.14, a price-to-earnings-growth ratio of 2.97 and a beta of 1.26.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on MNDY. UBS Group set a $202.00 price objective on monday.com in a report on Tuesday, November 11th. Robert W. Baird reduced their target price on monday.com from $240.00 to $210.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their price target on shares of monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 11th. Jefferies Financial Group lowered their price target on shares of monday.com from $300.00 to $260.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Finally, Barclays reduced their price objective on shares of monday.com from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Twenty-one research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.61.

About monday.com

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.