US Bancorp DE lessened its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,300 shares of the company's stock after selling 1,504 shares during the quarter. US Bancorp DE's holdings in monday.com were worth $3,720,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Spire Wealth Management grew its holdings in monday.com by 7.9% in the 1st quarter. Spire Wealth Management now owns 572 shares of the company's stock worth $139,000 after acquiring an additional 42 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in monday.com by 32.7% in the 1st quarter. Farther Finance Advisors LLC now owns 211 shares of the company's stock worth $55,000 after acquiring an additional 52 shares during the last quarter. Prudential Financial Inc. grew its holdings in monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after acquiring an additional 53 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in monday.com by 6.1% in the 1st quarter. Mesirow Financial Investment Management Inc. now owns 950 shares of the company's stock worth $231,000 after acquiring an additional 55 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in monday.com by 72.9% in the 1st quarter. First Horizon Advisors Inc. now owns 166 shares of the company's stock worth $40,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.
monday.com Stock Performance
Shares of monday.com stock opened at $249.96 on Wednesday. The stock has a market capitalization of $12.69 billion, a PE ratio of 255.06, a price-to-earnings-growth ratio of 90.37 and a beta of 1.27. monday.com Ltd. has a 52-week low of $202.01 and a 52-week high of $342.64. The company has a 50-day simple moving average of $292.34 and a two-hundred day simple moving average of $277.10.
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, beating the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 5.08% and a return on equity of 7.87%. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same period in the previous year, the company earned $0.61 earnings per share. The firm's quarterly revenue was up 30.2% on a year-over-year basis. As a group, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on MNDY shares. Morgan Stanley started coverage on shares of monday.com in a report on Tuesday, June 17th. They issued an "equal weight" rating and a $330.00 price target on the stock. UBS Group cut their price target on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Loop Capital cut their price target on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of monday.com in a research note on Tuesday, May 13th. Finally, Scotiabank lifted their target price on shares of monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $349.23.
Get Our Latest Analysis on monday.com
monday.com Profile
(
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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Want to see what other hedge funds are holding MNDY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for monday.com Ltd. (NASDAQ:MNDY - Free Report).
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