Two Sigma Advisers LP Sells 210,800 Shares of monday.com Ltd. (NASDAQ:MNDY)

Two Sigma Advisers LP cut its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 39.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,500 shares of the company's stock after selling 210,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.68% of monday.com worth $77,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MNDY. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com in the 4th quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of monday.com in the 4th quarter worth about $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the period. Finally, Global Retirement Partners LLC grew its position in shares of monday.com by 64.8% in the 4th 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. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Down 0.4%

MNDY traded down $1.09 during mid-day trading on Friday, reaching $288.60. 283,649 shares of the company traded hands, compared to its average volume of 761,674. The stock has a market capitalization of $14.65 billion, a P/E ratio of 481.00, a P/E/G ratio of 16.53 and a beta of 1.32. The company's fifty day moving average price is $263.24 and its 200-day moving average price is $264.87. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million during 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%. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. As a group, sell-side analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald upped their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. UBS Group cut their price objective on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company increased their price objective on shares of monday.com from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Wall Street Zen raised shares of monday.com from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Piper Sandler increased their price objective on shares of monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, monday.com presently has a consensus rating of "Moderate Buy" and an average price target 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.