monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC reduced its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 49.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,358 shares of the company's stock after selling 4,250 shares during the quarter. monday.com accounts for 1.0% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Hamilton Lane Advisors LLC's holdings in monday.com were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV increased its stake in shares of monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company's stock worth $271,000 after acquiring an additional 47 shares during the period. Avior Wealth Management LLC boosted its holdings in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock valued at $725,000 after purchasing an additional 67 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company's stock worth $497,000 after purchasing an additional 91 shares during the period. Northwest & Ethical Investments L.P. increased its position in monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock worth $181,000 after purchasing an additional 100 shares during the period. Finally, Vestcor Inc raised its stake in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company's stock worth $144,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

MNDY stock traded up $6.46 during trading on Thursday, hitting $240.61. The stock had a trading volume of 1,295,978 shares, compared to its average volume of 1,028,458. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 586.85, a price-to-earnings-growth ratio of 5.41 and a beta of 1.30. The company's 50 day moving average price is $259.22 and its two-hundred day moving average price is $259.49.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. The business 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%. The company's revenue was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Robert W. Baird upped their price target on shares of monday.com from $265.00 to $270.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Barclays increased their price target on shares of monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. KeyCorp downgraded shares of monday.com from an "overweight" rating to a "sector weight" rating in a report on Friday, December 13th. Finally, Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and dropped their target price for the company from $302.00 to $298.00 in a report on Thursday. Five investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $311.40.

monday.com 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.