Sei Investments Co. lessened its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 42.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,240 shares of the company's stock after selling 59,305 shares during the period. Sei Investments Co. owned 0.16% of monday.com worth $18,656,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of monday.com by 5.7% in the fourth quarter. American Century Companies Inc. now owns 2,622 shares of the company's stock valued at $617,000 after buying an additional 141 shares during the period. Quantbot Technologies LP increased its position in monday.com by 56.3% in the 4th quarter. Quantbot Technologies LP now owns 16,718 shares of the company's stock valued at $3,936,000 after acquiring an additional 6,022 shares during the period. Blueshift Asset Management LLC bought a new position in shares of monday.com during the fourth quarter valued at $285,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of monday.com by 0.4% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,449 shares of the company's stock worth $6,227,000 after purchasing an additional 94 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of monday.com in the fourth quarter worth $222,000. 73.70% of the stock is currently owned by institutional investors.
monday.com Stock Down 1.9 %
MNDY stock traded down $4.70 during midday trading on Monday, reaching $242.31. 295,709 shares of the company's stock traded hands, compared to its average volume of 788,810. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $342.64. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 402.58, a P/E/G ratio of 16.53 and a beta of 1.27. The firm's fifty day moving average price is $272.99 and its 200-day moving average price is $270.44.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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%. Analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.
Analyst Ratings Changes
Several brokerages recently issued reports on MNDY. Piper Sandler raised their target price on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Scotiabank lowered their price objective on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Jefferies Financial Group upped their target price on monday.com from $300.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Loop Capital decreased their target price on shares of 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, Canaccord Genuity Group boosted their price target on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $354.45.
Read Our Latest Research Report on monday.com
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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