Renaissance Technologies LLC Sells 25,600 Shares of monday.com Ltd. (NASDAQ:MNDY)

Renaissance Technologies LLC lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,112,690 shares of the company's stock after selling 25,600 shares during the quarter. Renaissance Technologies LLC owned about 2.30% of monday.com worth $261,972,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MNDY. Stonebridge Financial Group LLC acquired a new position in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the fourth quarter worth about $28,000. R Squared Ltd acquired a new position in shares of monday.com during the 4th quarter worth about $33,000. Signaturefd LLC boosted its stake in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after purchasing an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after buying an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

monday.com Stock Down 1.2 %

NASDAQ MNDY traded down $2.84 during trading hours on Friday, hitting $240.81. The company's stock had a trading volume of 942,796 shares, compared to its average volume of 807,717. The stock has a fifty day moving average of $270.36 and a 200 day moving average of $267.87. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market capitalization of $12.23 billion, a P/E ratio of 401.35, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MNDY. Robert W. Baird increased their price objective on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. Piper Sandler lifted their price objective on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Scotiabank dropped their price target on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Finally, KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective on the stock in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $352.64.

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.