XTX Topco Ltd Sells 2,568 Shares of monday.com Ltd. (NASDAQ:MNDY)

XTX Topco Ltd trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,915 shares of the company's stock after selling 2,568 shares during the quarter. XTX Topco Ltd's holdings in monday.com were worth $686,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Tigress Financial increased their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Needham & Company LLC upped their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, February 10th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and decreased their price target for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. 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 note on Tuesday, February 11th. Finally, DA Davidson decreased their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $346.73.

monday.com Stock Performance

Shares of MNDY traded up $15.68 during mid-day trading on Wednesday, reaching $253.35. The company had a trading volume of 289,868 shares, compared to its average volume of 801,073. The company's 50 day simple moving average is $262.98 and its 200 day simple moving average is $266.45. monday.com Ltd. has a 1-year low of $179.02 and a 1-year high of $342.64. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 422.25, a P/E/G ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its quarterly 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 net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

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.