Sora Investors LLC Decreases Holdings in monday.com Ltd. (NASDAQ:MNDY)

Sora Investors LLC trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,000 shares of the company's stock after selling 5,000 shares during the period. Sora Investors LLC's holdings in monday.com were worth $4,167,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com during the 3rd quarter valued at approximately $43,000. Ridgewood Investments LLC purchased a new position in monday.com during the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC increased 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 purchased a new stake in monday.com in the 2nd quarter worth $69,000. Finally, Toronto Dominion Bank bought a new position in shares of monday.com during the 2nd quarter valued at about $120,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

MNDY has been the topic of several research reports. Citigroup lifted their target price on monday.com from $296.00 to $327.00 and gave the stock a "neutral" rating in a report on Wednesday, September 25th. Tigress Financial upped their price target on shares of monday.com from $280.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st. Piper Sandler increased their price objective on shares of monday.com from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Barclays boosted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Finally, Robert W. Baird increased their price target on shares of monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $310.81.

monday.com Stock Performance

monday.com stock traded up $15.29 during trading hours on Friday, hitting $300.31. The company had a trading volume of 351,271 shares, compared to its average volume of 726,930. The firm has a market cap of $14.50 billion, a P/E ratio of 736.59, a P/E/G ratio of 7.82 and a beta of 1.25. The company has a 50-day moving average price of $284.75 and a two-hundred day moving average price of $256.39. 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 released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same period in the previous year, the company posted $0.15 earnings per share. The firm's quarterly revenue was up 49.5% on a year-over-year basis. As a group, equities research analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current year.

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.