Invesco Ltd. Cuts Stake in monday.com Ltd. (NASDAQ:MNDY)

Invesco Ltd. lowered its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 153,626 shares of the company's stock after selling 63,419 shares during the period. Invesco Ltd. owned 0.32% of monday.com worth $36,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com during the fourth quarter worth $28,000. R Squared Ltd bought a new stake in monday.com in the 4th quarter valued at $33,000. Signaturefd LLC raised its holdings in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the period. Institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of a number of analyst reports. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and cut their price target for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Scotiabank reduced their price target on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a research report on Monday, March 17th. DA Davidson cut their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Loop Capital cut their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Finally, KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $346.73.

monday.com Trading Up 3.8 %

Shares of MNDY traded up $8.64 on Tuesday, reaching $237.67. The company's stock had a trading volume of 351,213 shares, compared to its average volume of 803,011. The stock has a market capitalization of $12.07 billion, a PE ratio of 396.12, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a twelve month low of $179.02 and a twelve month high of $342.64. The firm has a fifty day moving average of $262.98 and a 200-day moving average of $266.45.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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.