monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311,690 shares of the company's stock after selling 10,040 shares during the quarter. Baillie Gifford & Co. owned approximately 0.65% of monday.com worth $73,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC grew its position in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock valued at $420,014,000 after acquiring an additional 798,791 shares during the period. Jennison Associates LLC raised its position in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after buying an additional 100,333 shares during the period. Westfield Capital Management Co. LP raised its position in shares of monday.com by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company's stock valued at $166,767,000 after buying an additional 14,304 shares during the period. State Street Corp raised its position in shares of monday.com by 3.8% during the 3rd quarter. State Street Corp now owns 587,879 shares of the company's stock valued at $163,295,000 after buying an additional 21,585 shares during the period. Finally, Two Sigma Advisers LP raised its position in monday.com by 2.9% in the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company's stock valued at $150,079,000 after purchasing an additional 15,300 shares during the period. Institutional investors own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several research reports. Canaccord Genuity Group boosted their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Needham & Company LLC upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, February 10th. William Blair restated an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and reduced their target price for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $358.32.

monday.com Price Performance

Shares of NASDAQ:MNDY traded down $7.36 during trading on Friday, reaching $300.65. 870,732 shares of the company's stock traded hands, compared to its average volume of 1,155,392. The company has a 50 day moving average of $256.10 and a 200-day moving average of $267.36. The stock has a market capitalization of $14.52 billion, a P/E ratio of 501.08, a price-to-earnings-growth ratio of 16.54 and a beta of 1.31. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64.

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