monday.com Ltd. (NASDAQ:MNDY) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC lowered its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,387 shares of the company's stock after selling 2,534 shares during the quarter. ARK Investment Management LLC's holdings in monday.com were worth $1,504,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

MNDY has been the topic of a number of research reports. Needham & Company LLC lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. William Blair reissued an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Piper Sandler lifted their price target on shares of monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Barclays upped their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird increased their price target on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.32.

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monday.com Trading Up 0.1 %

MNDY traded up $0.22 on Friday, hitting $296.77. 665,988 shares of the company were exchanged, compared to its average volume of 1,101,811. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 494.62, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31. The firm has a 50-day moving average price of $261.51 and a two-hundred day moving average price of $270.04. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its 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 net margin of 3.33% and a return on equity of 6.22%. Equities analysts expect that monday.com Ltd. will post 0.46 EPS 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.