Guggenheim Capital LLC Sells 1,059 Shares of monday.com Ltd. (NASDAQ:MNDY)

Guggenheim Capital LLC reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 29.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,483 shares of the company's stock after selling 1,059 shares during the period. Guggenheim Capital LLC's holdings in monday.com were worth $585,000 at the end of the most recent reporting period.

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

monday.com Price Performance

NASDAQ:MNDY traded up $0.45 during trading hours on Thursday, hitting $281.44. The company had a trading volume of 162,613 shares, compared to its average volume of 798,580. monday.com Ltd. has a 52 week low of $179.02 and a 52 week high of $342.64. The company has a market capitalization of $14.29 billion, a PE ratio of 469.08, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The stock has a 50-day moving average price of $257.85 and a 200 day moving average price of $266.10.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results 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 net margin of 3.33% and a return on equity of 6.22%. Analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Scotiabank cut 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 research note on Monday, March 17th. DA Davidson dropped their price objective on shares of monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Citigroup raised monday.com from a "neutral" rating to a "buy" rating and cut their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. KeyCorp upgraded monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group raised their price target on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Three equities research 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, the company presently has a consensus rating of "Moderate Buy" and an average 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.