monday.com (MNDY)

• Market cap: $12.1B
• 1 day: 7.92%
• 5 days: -11.26%
• 1 month: -6.79%
• 3 months: -13.45%
• 6 months: 11.39%
• Year to date: 36.31%
• 1 year: 27.82%
• 5 years: 35.57%
• 10 years: 35.57%

About: Monday.com is a provider of work management software delivered via a cloud-based software-as-a-service, or SaaS model. The firm's solutions offer flexible and highly customizable tools to digitize business processes across countless use cases. Monday's offering supports workflow management across departments, real-time visibility and accountability, and automation capabilities. Monday also offers prepackaged CRM and DevOps management solutions, in addition to standalone survey and digital whiteboard tools. As of 2023, Monday served over 225,000 customers in more than 200 countries.

Employees: 1,854

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

52% more call options, than puts

Call options by funds: $388M | Put options by funds: $255M

12% more capital invested

Capital invested by funds: $9.57B [Q2] → $10.8B (+$1.2B) [Q3]

7% more funds holding in top 10

Funds holding in top 10: 14 [Q2] → 15 (+1) [Q3]

1% more funds holding

Funds holding: 390 [Q2] → 395 (+5) [Q3]

8% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 60

7% more repeat investments, than reductions

Existing positions increased: 144 | Existing positions reduced: 135

3.51% less ownership

Funds ownership: 81.36% [Q2] → 77.86% (-3.51%) [Q3]

Research analyst outlook

13 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $270 11% upside
• Avg. target: $317 31% upside
• High target: $350 44% upside

13 analyst ratings

• positive: 9 69%
• neutral: 4 31%
• negative: 0 0%

Citigroup Steven Enders 87% 1-year accuracy 20 / 23 met price target	25% upside $302	Neutral Maintained	18 Dec 2024
Piper Sandler Brent Bracelin 66% 1-year accuracy 87 / 132 met price target	44% upside $350	Overweight Maintained	18 Dec 2024
Canaccord Genuity David Hynes 64% 1-year accuracy 63 / 98 met price target	28% upside $310	Buy Maintained	12 Nov 2024
Baird Rob Oliver 70% 1-year accuracy 32 / 46 met price target	11% upside $270	Neutral Maintained	12 Nov 2024
DA Davidson Lucky Schreiner 100% 1-year accuracy 5 / 5 met price target	24% upside $300	Neutral Assumed	12 Nov 2024