monday.com Ltd. (NASDAQ:MNDY) Position Reduced by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lessened its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,655,894 shares of the company's stock after selling 128,499 shares during the period. Price T Rowe Associates Inc. MD owned approximately 3.43% of monday.com worth $389,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantessence Capital LLC purchased a new stake in monday.com in the 4th quarter valued at approximately $484,000. Dilation Capital Management LP purchased a new stake in shares of monday.com in the fourth quarter valued at approximately $8,634,000. Harvest Investment Services LLC acquired a new position in monday.com during the fourth quarter worth $202,000. Hsbc Holdings PLC raised its position in monday.com by 54.8% in the fourth quarter. Hsbc Holdings PLC now owns 14,828 shares of the company's stock worth $3,498,000 after acquiring an additional 5,247 shares in the last quarter. Finally, J. Safra Sarasin Holding AG boosted its position in shares of monday.com by 2.1% during the 4th quarter. J. Safra Sarasin Holding AG now owns 38,204 shares of the company's stock worth $8,995,000 after purchasing an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MNDY. Jefferies Financial Group decreased their price target on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Canaccord Genuity Group boosted their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their price objective on monday.com from $380.00 to $310.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Barclays boosted their price target on monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $344.45.

monday.com Price Performance

Shares of NASDAQ MNDY traded up $0.81 during mid-day trading on Tuesday, hitting $275.37. The company had a trading volume of 258,995 shares, compared to its average volume of 802,029. monday.com Ltd. has a 12 month low of $179.02 and a 12 month high of $342.64. The firm's 50 day simple moving average is $258.88 and its two-hundred day simple moving average is $265.93. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 459.03, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. Equities analysts forecast that monday.com Ltd. will post 0.46 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.