Two Sigma Advisers LP Has $77.58 Million Position in monday.com Ltd. (NASDAQ:MNDY)

Two Sigma Advisers LP cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 329,500 shares of the company's stock after selling 210,800 shares during the quarter. Two Sigma Advisers LP owned 0.68% of monday.com worth $77,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MNDY. FMR LLC grew its stake in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after buying an additional 1,189,858 shares during the last quarter. Norges Bank acquired a new stake in shares of monday.com during the 4th quarter valued at $116,686,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of monday.com during the 4th quarter valued at $109,605,000. SG Americas Securities LLC grew its position in monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock worth $112,162,000 after acquiring an additional 434,035 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock worth $126,407,000 after purchasing an additional 403,255 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the company. 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. Piper Sandler raised their price objective on shares of monday.com from $305.00 to $325.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 target price on shares of monday.com in a research report on Tuesday, May 13th. UBS Group decreased their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Finally, DA Davidson dropped their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $290.10 on Tuesday. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The business's 50 day simple moving average is $260.22 and its two-hundred day simple moving average is $264.88. The firm has a market cap of $14.73 billion, a P/E ratio of 483.50, a PEG ratio of 16.53 and a beta of 1.32.

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

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