monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,906 shares of the company's stock after selling 2,142 shares during the quarter. Stifel Financial Corp owned about 0.05% of monday.com worth $7,196,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MNDY. Mirae Asset Global Investments Co. Ltd. purchased a new stake in monday.com in the 3rd quarter valued at $43,000. Ridgewood Investments LLC acquired a new position in monday.com in the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC raised its holdings in shares of monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company's stock valued at $58,000 after buying an additional 102 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of monday.com during the second quarter worth about $120,000. Finally, Blue Trust Inc. grew its holdings in shares of monday.com by 10,650.0% during the second quarter. Blue Trust Inc. now owns 645 shares of the company's stock worth $146,000 after buying an additional 639 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

NASDAQ:MNDY traded down $8.96 on Friday, reaching $273.08. The stock had a trading volume of 488,853 shares, compared to its average volume of 725,347. monday.com Ltd. has a 12-month low of $170.00 and a 12-month high of $324.99. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 666.05, a P/E/G ratio of 7.75 and a beta of 1.25. The firm's fifty day moving average is $285.81 and its two-hundred day moving average is $258.11.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million during the quarter, compared to analysts' expectations of $246.17 million. During the same period in the previous year, the company earned $0.15 EPS. monday.com's revenue for the quarter was up 49.5% on a year-over-year basis. As a group, research analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MNDY shares. DA Davidson reaffirmed a "neutral" rating and set a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Barclays lifted their price objective on shares of monday.com from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. KeyCorp downgraded shares of monday.com from an "overweight" rating to a "sector weight" rating in a research report on Friday. Tigress Financial boosted their price target on shares of monday.com from $280.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Finally, Citigroup raised their price objective on shares of monday.com from $296.00 to $327.00 and gave the company a "neutral" rating in a research report on Wednesday, September 25th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, monday.com currently has an average rating of "Moderate Buy" and a consensus price target of $310.81.

monday.com 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.