Headlands Technologies LLC cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 49.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,752 shares of the company's stock after selling 6,671 shares during the period. Headlands Technologies LLC's holdings in monday.com were worth $1,642,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. acquired a new position in shares of monday.com in the first quarter valued at approximately $25,000. Grove Bank & Trust purchased a new position in monday.com in the 1st quarter valued at $30,000. First Horizon Advisors Inc. grew its position in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock valued at $40,000 after buying an additional 70 shares during the last quarter. Signaturefd LLC increased its stake in monday.com by 50.7% in the 1st quarter. Signaturefd LLC now owns 217 shares of the company's stock valued at $53,000 after buying an additional 73 shares during the period. Finally, Farther Finance Advisors LLC raised its position in monday.com by 32.7% during the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after buying an additional 52 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MNDY has been the subject of several analyst reports. Loop Capital cut their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Oppenheimer reiterated an "outperform" rating and issued a $300.00 price target on shares of monday.com in a report on Monday. Citigroup lowered their target price on shares of monday.com from $381.00 to $326.00 and set a "buy" rating on the stock in a research report on Tuesday. Needham & Company LLC dropped their price objective on monday.com from $400.00 to $250.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wells Fargo & Company set a $365.00 target price on monday.com and gave the company an "overweight" rating in a report on Friday, June 13th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $316.09.
Get Our Latest Report on MNDY
monday.com Stock Up 0.3%
Shares of MNDY stock traded up $0.45 during trading hours on Tuesday, hitting $174.58. 2,881,311 shares of the company were exchanged, compared to its average volume of 856,430. The firm has a fifty day moving average of $287.11 and a 200 day moving average of $276.86. monday.com Ltd. has a 1 year low of $172.41 and a 1 year high of $342.64. The firm has a market cap of $8.86 billion, a PE ratio of 178.15, a PEG ratio of 89.75 and a beta of 1.27.
monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $0.84 by $0.25. The firm had revenue of $299.01 million during the quarter, compared to analyst estimates of $293.60 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. monday.com's revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. Analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
monday.com Profile
(
Free Report)
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.
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