monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Whale Rock Capital Management LLC

Whale Rock Capital Management LLC cut its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 394,928 shares of the company's stock after selling 7,519 shares during the quarter. Whale Rock Capital Management LLC owned about 0.82% of monday.com worth $92,982,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC purchased a new position in monday.com in the fourth quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in shares of monday.com during the fourth quarter worth about $33,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after acquiring an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Down 0.4%

Shares of NASDAQ:MNDY traded down $1.09 during trading on Friday, hitting $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 price-to-earnings ratio of 481.00, a PEG ratio of 16.53 and a beta of 1.32. The business's fifty day moving average is $263.24 and its 200-day moving average is $264.87. monday.com Ltd. has a one year low of $188.01 and a one year high of $342.64.

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

Wall Street Analyst Weigh In

MNDY has been the topic of a number of analyst reports. DA Davidson dropped their target price on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Tigress Financial lifted their target price on monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Barclays dropped their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Robert W. Baird lifted their target price on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. Finally, Canaccord Genuity Group dropped their target price on monday.com from $375.00 to $350.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $346.50.

About monday.com

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.