HighTower Advisors LLC cut its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,028 shares of the company's stock after selling 1,915 shares during the period. HighTower Advisors LLC's holdings in monday.com were worth $1,890,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of MNDY. FMR LLC grew its stake in 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 last quarter. SG Americas Securities LLC increased its holdings in shares of monday.com by 1,024.7% during the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after buying an additional 434,035 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of monday.com during the fourth quarter valued at about $27,010,000. Jennison Associates LLC raised its holdings in monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after purchasing an additional 100,333 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in monday.com by 27.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 151,800 shares of the company's stock valued at $42,165,000 after buying an additional 32,400 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
Analyst Ratings Changes
MNDY has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price on monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. Piper Sandler lifted their target price on shares of monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Finally, Scotiabank decreased their price objective on monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a research note on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and an average price target of $354.45.
Check Out Our Latest Report on MNDY
monday.com Price Performance
Shares of monday.com stock traded down $0.87 on Tuesday, reaching $275.66. 196,386 shares of the company were exchanged, compared to its average volume of 766,550. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $342.64. The stock's 50 day moving average price is $270.84 and its 200-day moving average price is $269.98. The company has a market cap of $13.31 billion, a P/E ratio of 459.29, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.
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 return on equity of 6.22% and a net margin of 3.33%. On average, research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
monday.com Profile
(
Free Report)
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.
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