Investment Management Corp of Ontario lessened its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,748 shares of the company's stock after selling 1,774 shares during the period. Investment Management Corp of Ontario's holdings in monday.com were worth $882,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MNDY. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com during the fourth quarter worth about $28,000. R Squared Ltd bought a new stake in shares of monday.com during the fourth quarter worth about $33,000. Signaturefd LLC grew its holdings 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 purchasing an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings 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 purchasing an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company's stock.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a report on Tuesday, February 11th. Cantor Fitzgerald lifted their price objective on monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group lifted their price objective on monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, monday.com 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 Price Performance
Shares of NASDAQ:MNDY traded up $0.14 during trading on Thursday, reaching $292.97. 609,418 shares of the stock were exchanged, compared to its average volume of 778,569. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The stock has a fifty day moving average of $258.41 and a two-hundred day moving average of $265.46. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 488.28, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32.
monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million during the quarter, compared to the consensus estimate of $275.93 million. monday.com had a return on equity of 6.22% and a net margin of 3.33%. monday.com's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 earnings per share. Sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.
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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