Bailard Inc. Sells 1,729 Shares of monday.com Ltd. (NASDAQ:MNDY)

Bailard Inc. decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 41.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,481 shares of the company's stock after selling 1,729 shares during the quarter. Bailard Inc.'s holdings in monday.com were worth $597,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. WCM Investment Management LLC bought a new position in monday.com in the 1st quarter worth about $728,521,000. Baillie Gifford & Co. bought a new position in monday.com in the 1st quarter worth about $76,534,000. Clearbridge Investments LLC boosted its stake in monday.com by 2,851.5% in the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company's stock worth $77,818,000 after purchasing an additional 332,852 shares during the period. Westfield Capital Management Co. LP bought a new position in monday.com in the 4th quarter worth about $58,689,000. Finally, Norges Bank bought a new position in monday.com in the 4th quarter worth about $57,754,000. Institutional investors own 73.70% of the company's stock.

monday.com Stock Down 0.0 %

Shares of NASDAQ MNDY traded down $0.06 during trading hours on Monday, reaching $263.36. 260,609 shares of the stock traded hands, compared to its average volume of 785,532. monday.com Ltd. has a 52-week low of $122.13 and a 52-week high of $272.77. The company's 50-day simple moving average is $236.06 and its two-hundred day simple moving average is $221.85. The company has a market capitalization of $12.71 billion, a P/E ratio of 697.24, a price-to-earnings-growth ratio of 43.41 and a beta of 1.30.

Analysts Set New Price Targets

Several brokerages have commented on MNDY. JPMorgan Chase & Co. raised their target price on monday.com from $270.00 to $300.00 and gave the stock 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. Barclays lifted their price target on monday.com from $275.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Loop Capital lifted their price target on monday.com from $245.00 to $285.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Finally, DA Davidson lifted their price target on monday.com from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, monday.com currently 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.

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