Two Sigma Investments LP lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 72.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,781 shares of the company's stock after selling 275,201 shares during the period. Two Sigma Investments LP owned 0.22% of monday.com worth $25,141,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in MNDY. FMR LLC boosted its holdings 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. Norges Bank bought a new position in shares of monday.com during the 4th quarter valued at about $116,686,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of monday.com during the 4th quarter valued at about $109,605,000. SG Americas Securities LLC raised its position in shares of monday.com by 1,024.7% during the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after buying an additional 434,035 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position 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 valued at $126,407,000 after buying an additional 403,255 shares in the last quarter. Institutional investors own 73.70% of the company's stock.
monday.com Price Performance
Shares of NASDAQ:MNDY traded up $10.14 during trading on Tuesday, reaching $298.74. 94,194 shares of the company were exchanged, compared to its average volume of 759,034. The firm has a market capitalization of $15.17 billion, a PE ratio of 497.66, a P/E/G ratio of 16.53 and a beta of 1.32. The business's fifty day simple moving average is $263.76 and its 200-day simple moving average is $264.25. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64.
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 (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 firm had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. During the same period last year, the firm earned $0.61 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on MNDY shares. Canaccord Genuity Group decreased their target price on shares of monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Loop Capital decreased their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. DA Davidson decreased their target price on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Scotiabank increased their price objective on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. Finally, Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Three equities research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $346.50.
Check Out Our Latest Stock Report on MNDY
monday.com Profile
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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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