Polar Capital Holdings Plc Trims Holdings in monday.com Ltd. (NASDAQ:MNDY)

Polar Capital Holdings Plc reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 194,010 shares of the company's stock after selling 46,035 shares during the quarter. Polar Capital Holdings Plc owned 0.40% of monday.com worth $45,678,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Quantinno Capital Management LP grew its stake in shares of monday.com by 120.9% during the 4th quarter. Quantinno Capital Management LP now owns 1,699 shares of the company's stock valued at $400,000 after purchasing an additional 930 shares during the period. Man Group plc grew its stake in shares of monday.com by 162.5% during the 4th quarter. Man Group plc now owns 316,190 shares of the company's stock valued at $74,444,000 after purchasing an additional 195,741 shares during the period. Nellore Capital Management LLC bought a new stake in shares of monday.com during the 4th quarter valued at about $1,177,000. Nuveen Asset Management LLC grew its stake in shares of monday.com by 6.8% during the 4th quarter. Nuveen Asset Management LLC now owns 101,338 shares of the company's stock valued at $23,859,000 after acquiring an additional 6,485 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of monday.com by 116.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 383 shares of the company's stock valued at $90,000 after acquiring an additional 206 shares during the period. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

Shares of MNDY traded up $0.16 during mid-day trading on Friday, hitting $293.13. 480,381 shares of the stock were exchanged, compared to its average volume of 772,320. The company has a market cap of $14.88 billion, a PE ratio of 488.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 52-week low of $188.01 and a 52-week high of $342.64. The firm has a 50-day moving average of $259.42 and a two-hundred day moving average of $265.15.

monday.com (NASDAQ:MNDY - Get Free Report) last released 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. The firm had revenue of $282.25 million for 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 company's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

MNDY has been the subject of a number of recent research reports. Scotiabank boosted their price objective on monday.com from $315.00 to $330.00 and gave the company a "sector outperform" rating in a research note on Friday, May 2nd. Loop Capital cut their price objective on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. cut 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. Jefferies Financial Group cut their price objective on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.