monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Bailard Inc.

Bailard Inc. reduced its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,603 shares of the company's stock after selling 4,452 shares during the period. Bailard Inc.'s holdings in monday.com were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Spire Wealth Management grew its holdings in shares of monday.com by 7.9% during the first quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after buying an additional 42 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of monday.com by 0.3% during the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after buying an additional 44 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after buying an additional 52 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after buying an additional 53 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of monday.com by 72.9% in the first quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after purchasing an additional 70 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MNDY shares. Piper Sandler restated an "overweight" rating and set a $325.00 price objective on shares of monday.com in a research report on Friday, June 27th. Morgan Stanley started coverage on shares of monday.com in a research report on Tuesday, June 17th. They set an "equal weight" rating and a $330.00 price objective for the company. Scotiabank raised their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $400.00 price objective on shares of monday.com in a research report on Tuesday, May 13th. Finally, DA Davidson dropped their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $349.23.

monday.com Stock Up 0.7%

monday.com stock traded up $1.96 during trading on Friday, reaching $291.80. The stock had a trading volume of 272,298 shares, compared to its average volume of 738,831. The business has a 50 day moving average price of $296.33 and a 200 day moving average price of $273.30. The stock has a market cap of $14.82 billion, a PE ratio of 297.76, a P/E/G ratio of 105.58 and a beta of 1.30. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. monday.com's revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS. On average, equities analysts predict that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

About monday.com

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.