monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 9.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,638 shares of the company's stock after selling 8,842 shares during the period. Wasatch Advisors LP owned about 0.18% of monday.com worth $20,869,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after buying an additional 1,318 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in monday.com in the 4th quarter worth $245,000. Bank of Montreal Can raised its position in monday.com by 62.0% during the fourth quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after acquiring an additional 8,454 shares during the period. Bailard Inc. lifted its holdings in monday.com by 147.5% during the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after purchasing an additional 8,329 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.

monday.com Price Performance

Shares of MNDY stock traded up $4.53 during trading hours on Tuesday, hitting $233.56. The stock had a trading volume of 79,870 shares, compared to its average volume of 801,692. The stock's 50 day moving average is $264.63 and its 200 day moving average is $266.65. 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 $11.86 billion, a PE ratio of 388.36, a PEG ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results 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 net margin of 3.33% and a return on equity of 6.22%. As a group, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group lowered their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Piper Sandler increased their price target on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. DA Davidson reduced their price objective on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald lifted their target price on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus target price of $346.73.

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.