ShawSpring Partners LLC cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,530 shares of the company's stock after selling 64,088 shares during the period. monday.com accounts for about 12.3% of ShawSpring Partners LLC's portfolio, making the stock its 2nd biggest position. ShawSpring Partners LLC owned about 0.73% of monday.com worth $97,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in MNDY. FMR LLC boosted its holdings in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after purchasing an additional 798,791 shares during the last quarter. Jennison Associates LLC raised its holdings in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of monday.com by 431.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock valued at $107,176,000 after acquiring an additional 313,279 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock worth $270,299,000 after acquiring an additional 188,800 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in monday.com by 171.3% in the second quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company's stock valued at $65,938,000 after buying an additional 172,919 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.
monday.com Price Performance
NASDAQ MNDY traded down $7.96 during trading hours on Wednesday, reaching $285.04. 450,713 shares of the stock traded hands, compared to its average volume of 729,392. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 691.39, a price-to-earnings-growth ratio of 8.25 and a beta of 1.31. The stock has a 50 day simple moving average of $282.80 and a two-hundred day simple moving average of $252.52. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the firm earned $0.15 EPS. The company's quarterly revenue was up 49.5% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com Ltd. will post 0.85 EPS for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Loop Capital raised their price objective on monday.com from $285.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on shares of monday.com from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday, August 13th. Citigroup increased their price objective on monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a report on Wednesday, September 25th. Needham & Company LLC boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Finally, Bank of America boosted their target price on shares of monday.com from $280.00 to $300.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $310.81.
View Our Latest Analysis on monday.com
monday.com Company Profile
(
Free Report)
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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