Amundi Sells 163,428 Shares of monday.com Ltd. (NASDAQ:MNDY)

Amundi lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,094 shares of the company's stock after selling 163,428 shares during the quarter. Amundi owned 0.50% of monday.com worth $54,820,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MNDY. Stonebridge Financial Group LLC purchased a new position in monday.com in the fourth quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com in the fourth quarter worth $28,000. R Squared Ltd purchased a new position in monday.com in the fourth quarter worth $33,000. Global Retirement Partners LLC boosted its position in monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of monday.com by 372.7% during the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company's stock valued at $37,000 after buying an additional 123 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MNDY. Jefferies Financial Group upped their price target on monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upped their price target on monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. DA Davidson increased their price objective on monday.com from $300.00 to $350.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Robert W. Baird increased their price objective on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Finally, Cantor Fitzgerald increased their price objective on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $358.32.

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monday.com Trading Up 4.2 %

Shares of MNDY stock opened at $242.82 on Wednesday. The business's fifty day simple moving average is $265.04 and its 200-day simple moving average is $269.85. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The company has a market cap of $11.72 billion, a PE ratio of 404.70, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.

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