Investment Management Corp of Ontario Sells 1,774 Shares of monday.com Ltd. (NASDAQ:MNDY)

Investment Management Corp of Ontario lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 32.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,748 shares of the company's stock after selling 1,774 shares during the quarter. Investment Management Corp of Ontario's holdings in monday.com were worth $882,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its holdings in monday.com by 225.8% during the 3rd quarter. Barclays PLC now owns 17,427 shares of the company's stock worth $4,840,000 after purchasing an additional 12,078 shares in the last quarter. Principal Financial Group Inc. increased its holdings in monday.com by 35.8% during the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock worth $14,807,000 after purchasing an additional 14,059 shares in the last quarter. Park Avenue Securities LLC bought a new position in monday.com during the 4th quarter worth about $241,000. Channel Wealth LLC bought a new position in monday.com during the 4th quarter worth about $986,000. Finally, Oak Ridge Investments LLC bought a new position in shares of monday.com in the 4th quarter valued at about $633,000. Institutional investors and hedge funds own 73.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MNDY. The Goldman Sachs Group raised their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Jefferies Financial Group decreased their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Robert W. Baird raised their price objective on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Tigress Financial raised their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Finally, Needham & Company LLC restated a "buy" rating and issued a $400.00 price objective on shares of monday.com in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $346.50.

monday.com Stock Up 0.1%

Shares of NASDAQ MNDY traded up $0.16 during midday trading on Friday, reaching $293.13. 480,381 shares of the company were exchanged, compared to its average volume of 772,320. The stock's 50-day moving average price is $259.42 and its 200-day moving average price is $264.95. The stock has a market cap of $14.88 billion, a P/E ratio of 488.55, a PEG ratio of 16.53 and a beta of 1.32. 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million for the quarter, compared to analysts' expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company's revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Company 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.