Ameriprise Financial Inc. Sells 40,957 Shares of monday.com Ltd. (NASDAQ:MNDY)

Ameriprise Financial Inc. trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,289 shares of the company's stock after selling 40,957 shares during the quarter. Ameriprise Financial Inc. owned 0.28% of monday.com worth $31,382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com in the 4th quarter worth about $28,000. R Squared Ltd purchased a new position in shares of monday.com in the 4th quarter worth about $33,000. Signaturefd LLC boosted its holdings in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MNDY has been the subject of a number of research reports. UBS Group cut their price objective on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays dropped their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Needham & Company LLC restated a "buy" rating and set a $400.00 target price on shares of monday.com in a report on Tuesday, May 13th. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a report on Tuesday, February 11th. Finally, Loop Capital dropped their target price on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $346.50.

monday.com Stock Down 1.0%

Shares of NASDAQ:MNDY traded down $3.03 during trading on Monday, hitting $290.10. The stock had a trading volume of 498,354 shares, compared to its average volume of 771,225. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The company has a market capitalization of $14.73 billion, a PE ratio of 483.50, a PEG ratio of 16.53 and a beta of 1.32. The firm's fifty day moving average is $260.22 and its 200 day moving average is $264.88.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The firm had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same quarter in the prior year, the company earned $0.61 EPS. The business's revenue was up 30.2% compared to the same quarter last year. Equities research analysts expect that monday.com Ltd. will post 0.46 EPS for the current fiscal 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.