LMR Partners LLP Sells 42,454 Shares of monday.com Ltd. (NASDAQ:MNDY)

LMR Partners LLP cut its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 75.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,458 shares of the company's stock after selling 42,454 shares during the quarter. LMR Partners LLP's holdings in monday.com were worth $3,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Clearbridge Investments LLC boosted its holdings in shares of monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock worth $3,179,000 after buying an additional 44 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock worth $970,000 after buying an additional 53 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Venturi Wealth Management LLC lifted its position in monday.com by 7.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after purchasing an additional 76 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of monday.com by 16.0% in the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Up 0.0%

NASDAQ MNDY traded up $0.14 on Thursday, hitting $292.97. The company's stock had a trading volume of 609,418 shares, compared to its average volume of 778,569. The company's 50-day moving average is $258.41 and its 200 day moving average is $265.46. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The firm has a market cap of $14.87 billion, a PE ratio of 488.28, a PEG ratio of 16.53 and a beta of 1.32.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.40. The firm 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%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. On average, equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MNDY. UBS Group dropped their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Citigroup raised shares of monday.com from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. 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. JPMorgan Chase & Co. decreased their price objective on monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Finally, Tigress Financial lifted their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $346.50.

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.