Worldquant Millennium Advisors LLC Has $674,000 Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Worldquant Millennium Advisors LLC lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 86.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,864 shares of the company's stock after selling 17,598 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in monday.com were worth $674,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its stake in monday.com by 24.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock valued at $1,593,000 after purchasing an additional 1,318 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of monday.com in the 4th quarter worth approximately $245,000. Bank of Montreal Can lifted its position in shares of monday.com by 62.0% in the 4th quarter. Bank of Montreal Can now owns 22,097 shares of the company's stock worth $5,203,000 after acquiring an additional 8,454 shares during the period. Bailard Inc. raised its holdings in shares of monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after buying an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of monday.com by 3.4% in the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock worth $60,144,000 after buying an additional 8,329 shares in the last quarter. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MNDY shares. The Goldman Sachs Group raised their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Wall Street Zen upgraded monday.com from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Loop Capital lowered their price objective on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Jefferies Financial Group reduced their target price on monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Barclays reduced their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a 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 company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $346.50.

monday.com Stock Performance

Shares of MNDY stock traded down $0.06 on Wednesday, hitting $299.05. The company had a trading volume of 98,816 shares, compared to its average volume of 757,651. The firm has a market cap of $15.18 billion, a P/E ratio of 498.25, a P/E/G ratio of 16.53 and a beta of 1.32. The stock's 50-day moving average is $264.45 and its two-hundred day moving average is $264.49. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64.

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