California State Teachers Retirement System Trims Holdings in monday.com Ltd. (NASDAQ:MNDY)

California State Teachers Retirement System trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,871 shares of the company's stock after selling 3,507 shares during the quarter. California State Teachers Retirement System owned approximately 0.06% of monday.com worth $6,797,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in shares of monday.com during the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new position in shares of monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd acquired a new stake in monday.com in the 4th quarter valued at $33,000. Signaturefd LLC grew its stake in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock valued at $34,000 after acquiring an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its stake in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Trading Down 0.2%

MNDY stock traded down $0.66 during trading on Wednesday, reaching $306.73. 289,887 shares of the stock were exchanged, compared to its average volume of 746,322. The business has a 50 day moving average price of $267.61 and a 200-day moving average price of $265.61. monday.com Ltd. has a 1 year low of $188.01 and a 1 year high of $342.64. The firm has a market capitalization of $15.57 billion, a price-to-earnings ratio of 511.22, a P/E/G ratio of 16.53 and a beta of 1.32.

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

Analyst Ratings Changes

A number of research firms recently issued reports on MNDY. Piper Sandler lifted their price target on shares of monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Canaccord Genuity Group dropped their price target on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen raised shares of monday.com from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a research note on Tuesday, February 11th. Finally, Tigress Financial lifted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $346.50.

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.