Thrivent Financial for Lutherans Sells 1,329 Shares of monday.com Ltd. (NASDAQ:MNDY)

Thrivent Financial for Lutherans cut its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,897 shares of the company's stock after selling 1,329 shares during the quarter. Thrivent Financial for Lutherans' holdings in monday.com were worth $447,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

MNDY has been the subject of a number of research analyst reports. Jefferies Financial Group cut their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Tigress Financial lifted their price objective on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Scotiabank lowered their target price on monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Piper Sandler boosted their price target on monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Robert W. Baird upped their price target on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $352.64.

monday.com Stock Performance

Shares of monday.com stock traded down $2.69 during trading hours on Tuesday, hitting $218.32. The company's stock had a trading volume of 905,812 shares, compared to its average volume of 806,560. The company has a market cap of $11.08 billion, a PE ratio of 363.87, a PEG ratio of 16.53 and a beta of 1.34. The business has a 50 day moving average price of $270.59 and a two-hundred day moving average price of $268.74. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.50 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, research analysts anticipate that monday.com Ltd. will post 0.46 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.