Manchester Global Management UK Ltd Sells 4,138 Shares of monday.com Ltd. (NASDAQ:MNDY)

Manchester Global Management UK Ltd lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 63,600 shares of the company's stock after selling 4,138 shares during the quarter. monday.com comprises approximately 2.0% of Manchester Global Management UK Ltd's holdings, making the stock its 18th largest position. Manchester Global Management UK Ltd owned approximately 0.13% of monday.com worth $14,974,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barclays PLC grew its position in monday.com by 225.8% in 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of monday.com during the third quarter worth approximately $469,000. American Trust bought a new stake in shares of monday.com in the 3rd quarter valued at about $204,000. Principal Financial Group Inc. boosted its holdings in shares of monday.com by 35.8% in the 3rd quarter. Principal Financial Group Inc. now owns 53,306 shares of the company's stock valued at $14,807,000 after buying an additional 14,059 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its position in shares of monday.com by 17.2% in the 4th quarter. CWA Asset Management Group LLC now owns 3,199 shares of the company's stock valued at $753,000 after acquiring an additional 470 shares during the period. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MNDY. Barclays boosted their target price on shares of monday.com from $325.00 to $360.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Robert W. Baird increased their target price on shares of monday.com from $275.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 11th. DA Davidson dropped their price objective on monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Scotiabank lowered their price target on shares of monday.com from $400.00 to $315.00 and set a "sector outperform" rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $343.09.

monday.com Price Performance

Shares of MNDY traded up $8.32 during midday trading on Friday, hitting $274.00. The stock had a trading volume of 624,309 shares, compared to its average volume of 804,817. The stock's 50 day moving average is $259.55 and its 200 day moving average is $266.15. monday.com Ltd. has a 1 year low of $179.02 and a 1 year high of $342.64. The firm has a market cap of $13.91 billion, a PE ratio of 456.67, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. As a group, equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

About monday.com

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.