monday.com Ltd. (NASDAQ:MNDY) Shares Sold by PDT Partners LLC

PDT Partners LLC trimmed its position in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 50.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,183 shares of the company's stock after selling 9,476 shares during the quarter. PDT Partners LLC's holdings in monday.com were worth $2,162,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FMR LLC lifted its holdings in monday.com by 78.7% in the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after acquiring an additional 1,189,858 shares during the last quarter. Jennison Associates LLC raised its position in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after purchasing an additional 100,333 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after purchasing an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of monday.com by 23.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after purchasing an additional 96,222 shares during the period. Finally, Norges Bank acquired a new stake in shares of monday.com during the 4th quarter worth about $116,686,000. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Stock Up 0.6 %

MNDY stock opened at $276.30 on Wednesday. The stock has a market cap of $14.03 billion, a price-to-earnings ratio of 460.50, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a fifty-two week low of $179.02 and a fifty-two week high of $342.64. The business has a 50 day moving average price of $258.24 and a 200 day moving average price of $266.00.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their target price on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Canaccord Genuity Group upped their price objective on shares of monday.com from $310.00 to $375.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. UBS Group dropped their target price on shares of monday.com from $350.00 to $310.00 and set a "neutral" rating for the company in a report on Tuesday. Tigress Financial boosted their target price on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Finally, Citigroup raised monday.com from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $302.00 to $298.00 in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus price target of $344.45.

monday.com 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.