monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Eventide Asset Management LLC

Eventide Asset Management LLC lowered its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 305,035 shares of the company's stock after selling 13,882 shares during the period. monday.com comprises approximately 1.5% of Eventide Asset Management LLC's holdings, making the stock its 17th largest position. Eventide Asset Management LLC owned about 0.63% of monday.com worth $84,730,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in shares of monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock valued at $420,014,000 after buying an additional 798,791 shares during the period. Renaissance Technologies LLC raised its position in monday.com by 20.2% in the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after acquiring an additional 188,800 shares in the last quarter. Jennison Associates LLC lifted its holdings in monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock valued at $202,905,000 after acquiring an additional 318,837 shares during the period. 1832 Asset Management L.P. boosted its position in shares of monday.com by 34.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock worth $160,707,000 after purchasing an additional 170,800 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted 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 worth $166,767,000 after purchasing an additional 14,304 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Stock Down 0.6 %

Shares of NASDAQ:MNDY traded down $1.59 during midday trading on Friday, reaching $285.36. The company's stock had a trading volume of 250,222 shares, compared to its average volume of 728,429. The firm has a market cap of $13.78 billion, a price-to-earnings ratio of 696.00, a price-to-earnings-growth ratio of 8.00 and a beta of 1.31. The business has a 50 day moving average price of $284.35 and a 200 day moving average price of $254.49. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99.

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

Analyst Ratings Changes

MNDY has been the subject of a number of research analyst reports. Capital One Financial began coverage on shares of monday.com in a report on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target for the company. Canaccord Genuity Group increased their target price on shares of monday.com from $295.00 to $310.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on monday.com from $270.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 13th. Loop Capital upped their price target on monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday, November 12th. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $310.81.

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.