Lazard Asset Management LLC Reduces Position in monday.com Ltd. (NASDAQ:MNDY)

Lazard Asset Management LLC decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,003 shares of the company's stock after selling 2,423 shares during the quarter. Lazard Asset Management LLC's holdings in monday.com were worth $3,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MNDY. Janus Henderson Group PLC boosted its holdings in monday.com by 954.6% in the fourth quarter. Janus Henderson Group PLC now owns 81,026 shares of the company's stock worth $19,078,000 after purchasing an additional 73,343 shares during the last quarter. Graham Capital Management L.P. boosted its holdings in monday.com by 62.7% in the fourth quarter. Graham Capital Management L.P. now owns 11,028 shares of the company's stock worth $2,596,000 after purchasing an additional 4,248 shares during the last quarter. Ensign Peak Advisors Inc boosted its holdings in monday.com by 96.1% in the fourth quarter. Ensign Peak Advisors Inc now owns 6,458 shares of the company's stock worth $1,520,000 after purchasing an additional 3,164 shares during the last quarter. Ethic Inc. boosted its holdings in monday.com by 48.9% in the fourth quarter. Ethic Inc. now owns 2,290 shares of the company's stock worth $539,000 after purchasing an additional 752 shares during the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in monday.com by 8.9% in the fourth quarter. Driehaus Capital Management LLC now owns 410,695 shares of the company's stock worth $96,694,000 after purchasing an additional 33,606 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

MNDY has been the topic of several research reports. KeyCorp upgraded shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 target price on the stock in a report on Tuesday, February 11th. Wells Fargo & Company raised their target price on shares of monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. 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 report on Tuesday, April 29th. Tigress Financial raised their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Wall Street Zen upgraded shares of monday.com from a "hold" rating to a "buy" rating in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $346.50.

monday.com Trading Down 0.9%

MNDY traded down $2.75 during trading on Thursday, hitting $289.15. 102,620 shares of the company traded hands, compared to its average volume of 765,268. The company has a market cap of $14.68 billion, a PE ratio of 482.88, a P/E/G ratio of 16.53 and a beta of 1.32. The stock's 50-day simple moving average is $262.13 and its two-hundred day simple moving average is $265.33. monday.com Ltd. has a 1 year low of $188.01 and a 1 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, beating the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company had revenue of $282.25 million during the quarter, compared to analysts' expectations of $275.93 million. During the same period last year, the company posted $0.61 earnings per share. monday.com's quarterly revenue was up 30.2% on a year-over-year basis. Equities analysts expect 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.