monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,946 shares of the company's stock after selling 37,162 shares during the quarter. Legal & General Group Plc owned approximately 0.24% of monday.com worth $27,534,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. FMR LLC increased its stake in monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the period. Jennison Associates LLC increased its stake in monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after purchasing an additional 100,333 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in monday.com by 23.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after purchasing an additional 96,222 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of monday.com during the 4th quarter worth $116,686,000. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Stock Performance

Shares of NASDAQ MNDY traded down $4.60 during midday trading on Thursday, reaching $245.74. 392,190 shares of the company's stock were exchanged, compared to its average volume of 804,239. The stock has a market capitalization of $12.48 billion, a PE ratio of 409.57, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The business's fifty day moving average price is $269.64 and its two-hundred day moving average price is $267.45.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results 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 net margin of 3.33% and a return on equity of 6.22%. Analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the topic of several research reports. Loop Capital lowered their price target on shares of monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. The Goldman Sachs Group upped their target price on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Barclays boosted their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Tigress Financial boosted their price target on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Needham & Company LLC lifted their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $349.91.

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.