monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. decreased its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,013 shares of the company's stock after selling 2,101 shares during the quarter. Thornburg Investment Management Inc.'s holdings in monday.com were worth $5,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MNDY. Stonebridge Financial Group LLC purchased a new position in shares of monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the fourth quarter valued at $28,000. R Squared Ltd bought a new stake in monday.com during the fourth quarter valued at about $33,000. Signaturefd LLC increased its position in monday.com by 157.1% in the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of monday.com by 64.8% in the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on MNDY shares. Tigress Financial raised their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. DA Davidson reduced their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Canaccord Genuity Group cut their target price on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Scotiabank lifted their target price on monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group dropped their target price on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $346.50.

monday.com Price Performance

NASDAQ MNDY traded down $0.50 during mid-day trading on Friday, hitting $289.19. The stock had a trading volume of 99,155 shares, compared to its average volume of 919,795. The firm's 50 day moving average is $262.61 and its 200 day moving average is $265.28. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 481.83, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64.

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, beating 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 business had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same period in the prior year, the business earned $0.61 earnings per share. The company's quarterly revenue was up 30.2% compared to the same quarter last year. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com 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.