Robeco Institutional Asset Management B.V. lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 57.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,526 shares of the company's stock after selling 33,007 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in monday.com were worth $5,964,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of monday.com by 78.7% during the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after purchasing an additional 1,189,858 shares during the last quarter. Rubicon Global Capital Ltd purchased a new position in monday.com during the first quarter worth $137,434,000. CIBC Private Wealth Group LLC increased its position in monday.com by 264.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after acquiring an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of monday.com by 23.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after acquiring an additional 96,222 shares during the period. Finally, Norges Bank purchased a new stake in shares of monday.com in the fourth quarter valued at $116,686,000. Hedge funds and other institutional investors own 73.70% of the company's stock.
monday.com Trading Up 0.4%
Shares of NASDAQ MNDY traded up $1.21 during trading on Friday, reaching $301.07. 296,823 shares of the company traded hands, compared to its average volume of 738,818. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The stock has a market cap of $15.29 billion, a P/E ratio of 307.22, a PEG ratio of 111.23 and a beta of 1.30. The firm's fifty day simple moving average is $292.22 and its 200 day simple moving average is $268.47.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. monday.com had a return on equity of 7.87% and a net margin of 5.08%. The business had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same quarter in the prior year, the firm earned $0.61 earnings per share. The business's revenue was up 30.2% compared to the same quarter last year. As a group, research analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.
Analyst Upgrades and Downgrades
MNDY has been the topic of several analyst reports. Wall Street Zen upgraded shares of monday.com from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays cut their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. DA Davidson decreased their price target on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Morgan Stanley started coverage on monday.com in a research report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price objective on the stock. Finally, Loop Capital reduced their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $347.09.
Check Out Our Latest Stock Report on MNDY
About monday.com
(
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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