Assenagon Asset Management S.A. Sells 11,713 Shares of monday.com Ltd. (NASDAQ:MNDY)

Assenagon Asset Management S.A. lessened its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,549 shares of the company's stock after selling 11,713 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of monday.com worth $12,137,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MNDY. Oppenheimer Asset Management Inc. increased its stake in shares of monday.com by 4.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock valued at $497,000 after purchasing an additional 91 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company's stock valued at $271,000 after purchasing an additional 47 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of monday.com by 12.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company's stock valued at $626,000 after purchasing an additional 286 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in monday.com by 43.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company's stock worth $1,758,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in monday.com by 5.8% in the 2nd quarter. Sei Investments Co. now owns 113,503 shares of the company's stock valued at $27,327,000 after purchasing an additional 6,172 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY stock traded up $1.44 during trading on Friday, hitting $242.05. 752,300 shares of the company traded hands, compared to its average volume of 903,103. The company has a 50-day moving average of $256.02 and a 200-day moving average of $259.53. The firm has a market capitalization of $11.69 billion, a PE ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. monday.com's revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. Sell-side analysts expect that monday.com Ltd. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

MNDY has been the topic of several recent research reports. Canaccord Genuity Group raised their price objective on monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Robert W. Baird lifted their target price on monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. William Blair restated an "outperform" rating on shares of monday.com in a report on Wednesday, December 18th. Needham & Company LLC increased their price target on monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Finally, Cantor Fitzgerald started coverage on shares of monday.com in a report on Friday. They issued an "overweight" rating and a $292.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $310.48.

About monday.com

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.