SG Americas Securities LLC Cuts Stake in monday.com Ltd. (NASDAQ:MNDY)

SG Americas Securities LLC decreased its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 437,157 shares of the company's stock after selling 39,235 shares during the period. SG Americas Securities LLC owned approximately 0.86% of monday.com worth $106,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNDY. FMR LLC lifted its holdings in shares of monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after purchasing an additional 1,189,858 shares during the last quarter. Norges Bank acquired a new position in shares of monday.com during the 4th quarter valued at $116,686,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of monday.com during the 4th quarter worth $109,605,000. CIBC Private Wealth Group LLC boosted its stake in shares of monday.com by 264.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after acquiring an additional 403,255 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of monday.com by 7,282.0% during the 4th quarter. Neuberger Berman Group LLC now owns 303,992 shares of the company's stock worth $71,572,000 after acquiring an additional 299,874 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on monday.com from $335.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday. UBS Group reduced their price target on monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. DA Davidson reduced their price target on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Piper Sandler boosted their price target on monday.com from $305.00 to $325.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $400.00 price target on shares of monday.com in a research report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus target price of $347.86.

monday.com Stock Down 3.6%

monday.com stock traded down $10.79 during midday trading on Friday, hitting $288.18. 326,899 shares of the stock were exchanged, compared to its average volume of 738,750. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 479.98, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30. The business's 50-day moving average price is $276.44 and its 200-day moving average price is $267.24.

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