monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 328,526 shares of the company's stock after selling 10,315 shares during the quarter. Baillie Gifford & Co. owned approximately 0.68% of monday.com worth $79,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of monday.com during the second quarter valued at $69,000. PNC Financial Services Group Inc. lifted its holdings in shares of monday.com by 373.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 393 shares of the company's stock valued at $74,000 after acquiring an additional 310 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in shares of monday.com by 741.7% in the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock valued at $91,000 after buying an additional 356 shares in the last quarter. Finally, RiverPark Advisors LLC acquired a new stake in shares of monday.com in the first quarter valued at $130,000. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

Shares of monday.com stock traded up $1.08 during trading on Friday, hitting $263.42. 342,876 shares of the company were exchanged, compared to its average volume of 788,753. The firm has a market capitalization of $12.72 billion, a P/E ratio of 693.21, a price-to-earnings-growth ratio of 43.41 and a beta of 1.30. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $272.77. The firm's fifty day moving average price is $236.06 and its 200 day moving average price is $221.82.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MNDY shares. JPMorgan Chase & Co. raised their target price on monday.com from $270.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, August 13th. Baird R W upgraded monday.com to a "hold" rating in a research note on Tuesday, July 23rd. Needham & Company LLC raised their target price on monday.com from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Monday, August 12th. UBS Group raised their target price on monday.com from $240.00 to $280.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird raised their target price on monday.com from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $285.79.

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.