monday.com Ltd. (NASDAQ:MNDY) is Stanley Laman Group Ltd.'s 7th Largest Position

Stanley Laman Group Ltd. trimmed its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,945 shares of the company's stock after selling 3,440 shares during the period. monday.com makes up about 1.3% of Stanley Laman Group Ltd.'s portfolio, making the stock its 7th biggest position. Stanley Laman Group Ltd. owned about 0.08% of monday.com worth $9,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MNDY. Desjardins Global Asset Management Inc. lifted its holdings in shares of monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company's stock worth $25,000 after acquiring an additional 91 shares during the last quarter. American International Group Inc. boosted its position in shares of monday.com by 2.3% during the first quarter. American International Group Inc. now owns 4,550 shares of the company's stock valued at $1,028,000 after buying an additional 102 shares during the period. Yousif Capital Management LLC boosted its position in shares of monday.com by 11.9% during the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company's stock valued at $282,000 after buying an additional 160 shares during the period. Nvwm LLC grew its stake in shares of monday.com by 6.4% during the first quarter. Nvwm LLC now owns 2,735 shares of the company's stock valued at $618,000 after buying an additional 165 shares during the last quarter. Finally, Consolidated Press International Holdings Ltd raised its holdings in shares of monday.com by 0.4% in the first quarter. Consolidated Press International Holdings Ltd now owns 44,654 shares of the company's stock worth $10,086,000 after buying an additional 189 shares during the period. Institutional investors own 73.70% of the company's stock.

Wall Street Analysts Forecast Growth

MNDY has been the topic of several research analyst reports. UBS Group upped their price objective on monday.com from $240.00 to $280.00 and gave the company a "neutral" rating in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a "buy" rating in a report on Tuesday. Piper Sandler reiterated an "overweight" rating and set a $300.00 price objective (up previously from $270.00) on shares of monday.com in a report on Monday, August 12th. Baird R W upgraded shares of monday.com to a "hold" rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC lifted their price target on shares of monday.com from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 12th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $282.63.

monday.com Stock Performance

Shares of NASDAQ MNDY traded up $2.59 during mid-day trading on Friday, hitting $263.38. The stock had a trading volume of 564,859 shares, compared to its average volume of 800,446. The firm has a market cap of $12.72 billion, a PE ratio of 693.11, a PEG ratio of 43.41 and a beta of 1.30. The company has a 50 day moving average of $232.24 and a two-hundred day moving average of $219.95. monday.com Ltd. has a twelve month low of $122.13 and a twelve month high of $265.97.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.11) by $0.25. monday.com had a return on equity of 2.42% and a net margin of 2.53%. The business had revenue of $216.91 million for the quarter, compared to analyst estimates of $210.33 million. Equities research analysts predict that monday.com Ltd. will post 0.12 EPS for the current fiscal year.

monday.com 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.