Worldquant Millennium Advisors LLC Reduces Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Worldquant Millennium Advisors LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 86.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,864 shares of the company's stock after selling 17,598 shares during the period. Worldquant Millennium Advisors LLC's holdings in monday.com were worth $674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC increased its stake in monday.com by 225.8% during the third quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after acquiring an additional 12,078 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of monday.com during the 4th quarter valued at approximately $241,000. SG Americas Securities LLC raised its holdings 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 valued at $112,162,000 after buying an additional 434,035 shares during the period. RFG Advisory LLC bought a new stake in monday.com in the fourth quarter worth $399,000. Finally, Blue Trust Inc. boosted its stake in monday.com by 364.6% during the fourth quarter. Blue Trust Inc. now owns 1,482 shares of the company's stock worth $349,000 after buying an additional 1,163 shares during the period. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Trading Up 3.2%

Shares of NASDAQ:MNDY traded up $9.29 on Tuesday, reaching $297.89. The company had a trading volume of 281,447 shares, compared to its average volume of 759,861. The firm has a market capitalization of $15.12 billion, a PE ratio of 496.08, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The firm's 50 day simple moving average is $263.76 and its 200-day simple moving average is $264.25.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.40. The company had revenue of $282.25 million for 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 firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 earnings per share. As a group, equities research analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MNDY. 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. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price for the company in a research report on Tuesday, February 11th. Loop Capital cut their target price on monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Robert W. Baird raised their price target on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 11th. Finally, Scotiabank boosted their price objective on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus target price of $346.50.

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.