Baillie Gifford & Co. Sells 6,796 Shares of monday.com Ltd. (NASDAQ:MNDY)

Baillie Gifford & Co. lowered its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 321,730 shares of the company's stock after selling 6,796 shares during the period. Baillie Gifford & Co. owned 0.67% of monday.com worth $89,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com during the third quarter valued at approximately $43,000. Ridgewood Investments LLC purchased a new stake in monday.com during the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC increased its holdings in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock worth $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of monday.com in the second quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock valued at $91,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

MNDY has been the topic of several research analyst reports. Piper Sandler upped their target price on shares of monday.com from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday. Capital One Financial assumed coverage on shares of monday.com in a research note on Thursday, October 10th. They set an "overweight" rating and a $325.00 target price for the company. DA Davidson reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of monday.com in a report on Tuesday. Baird R W raised monday.com to a "hold" rating in a report on Tuesday, July 23rd. Finally, UBS Group upped their price target on shares of monday.com from $240.00 to $280.00 and gave the company a "neutral" rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.10.

monday.com Stock Performance

Shares of monday.com stock traded up $8.57 on Wednesday, hitting $269.16. 1,741,071 shares of the company traded hands, compared to its average volume of 722,211. monday.com Ltd. has a 52 week low of $159.22 and a 52 week high of $324.99. The business has a 50-day simple moving average of $279.27 and a 200 day simple moving average of $247.35. The stock has a market capitalization of $13.00 billion, a P/E ratio of 661.66, a price-to-earnings-growth ratio of 12.15 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 5.15%. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm posted $0.15 EPS. monday.com's revenue for the quarter was up 49.5% compared to the same quarter last year. Research analysts expect that monday.com Ltd. will post 0.5 earnings per share for the current year.

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.