Pier 88 Investment Partners LLC Has $1.26 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Pier 88 Investment Partners LLC lowered its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,530 shares of the company's stock after selling 3,480 shares during the quarter. Pier 88 Investment Partners LLC's holdings in monday.com were worth $1,258,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in monday.com in the 3rd quarter valued at about $43,000. Ridgewood Investments LLC acquired a new stake in monday.com in the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in monday.com by 72.9% in the 2nd 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 last quarter. Opal Wealth Advisors LLC acquired a new stake in monday.com in the 2nd quarter valued at about $69,000. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company's stock valued at $91,000 after acquiring an additional 356 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

Wall Street Analyst Weigh In

MNDY has been the topic of several recent analyst reports. DA Davidson restated a "neutral" rating and set a $300.00 price objective on shares of monday.com in a report on Tuesday. Loop Capital upped their target price on monday.com from $285.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. Robert W. Baird upped their target price on monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group increased their price objective on monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a report on Tuesday, August 13th. Finally, Piper Sandler upped their target price on monday.com from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and an average target price of $310.10.

monday.com Stock Down 0.1 %

monday.com stock traded down $0.26 during mid-day trading on Thursday, hitting $268.90. 1,035,543 shares of the company were exchanged, compared to its average volume of 723,634. The business has a fifty day moving average of $280.09 and a 200 day moving average of $247.65. monday.com Ltd. has a 1-year low of $162.06 and a 1-year high of $324.99. The company has a market capitalization of $12.98 billion, a PE ratio of 655.85, a price-to-earnings-growth ratio of 12.15 and a beta of 1.31.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 5.15% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $246.17 million. During the same period in the prior year, the company posted $0.15 earnings per share. The business's revenue for the quarter was up 49.5% compared to the same quarter last year. Research analysts expect that monday.com Ltd. will post 0.5 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.