Summit Trail Advisors LLC Sells 1,994 Shares of monday.com Ltd. (NASDAQ:MNDY)

Summit Trail Advisors LLC trimmed its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,413 shares of the company's stock after selling 1,994 shares during the period. monday.com comprises about 0.4% of Summit Trail Advisors LLC's investment portfolio, making the stock its 26th largest holding. Summit Trail Advisors LLC owned about 0.10% of monday.com worth $11,869,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MNDY. Avior Wealth Management LLC boosted its stake in monday.com by 2.6% in the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company's stock worth $725,000 after purchasing an additional 67 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in shares of monday.com by 18.2% in the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock valued at $181,000 after purchasing an additional 100 shares in the last quarter. Choreo LLC boosted its position in shares of monday.com by 3.8% during the fourth quarter. Choreo LLC now owns 3,005 shares of the company's stock worth $707,000 after buying an additional 111 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of monday.com by 74.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company's stock worth $64,000 after buying an additional 117 shares in the last quarter. Finally, Vestcor Inc raised its position in monday.com by 31.4% in the 3rd quarter. Vestcor Inc now owns 519 shares of the company's stock valued at $144,000 after buying an additional 124 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MNDY. Wells Fargo & Company upped their price target on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday. Barclays increased their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and cut their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Finally, Scotiabank raised their price objective on monday.com from $300.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $353.32.

monday.com Price Performance

monday.com stock traded down $1.83 during trading hours on Friday, hitting $318.50. The company had a trading volume of 508,475 shares, compared to its average volume of 1,180,788. The firm has a 50-day moving average of $252.94 and a 200 day moving average of $264.05. The firm has a market cap of $15.38 billion, a PE ratio of 776.83, a PEG ratio of 7.67 and a beta of 1.31. monday.com Ltd. has a one year low of $174.75 and a one year high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. As a group, research analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current year.

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.