monday.com Ltd. (NASDAQ:MNDY) Stake Lowered by Hamilton Lane Advisors LLC

Hamilton Lane Advisors LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 28.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,185 shares of the company's stock after selling 22,115 shares during the quarter. monday.com makes up about 4.4% of Hamilton Lane Advisors LLC's investment portfolio, making the stock its 4th largest position. Hamilton Lane Advisors LLC's holdings in monday.com were worth $10,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Crewe Advisors LLC boosted its position in monday.com by 44.9% during the third quarter. Crewe Advisors LLC now owns 229 shares of the company's stock valued at $36,000 after purchasing an additional 71 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its holdings in shares of monday.com by 222.0% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of monday.com by 13.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 806 shares of the company's stock worth $151,000 after buying an additional 93 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of monday.com by 21.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company's stock worth $131,000 after acquiring an additional 145 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in monday.com by 11.9% during the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company's stock valued at $282,000 after acquiring an additional 160 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MNDY shares. DA Davidson reaffirmed a "neutral" rating and set a $190.00 price target on shares of monday.com in a research report on Tuesday, February 13th. Citigroup downgraded monday.com from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $277.00 to $250.00 in a report on Wednesday, April 10th. Tigress Financial upped their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Piper Sandler reissued an "overweight" rating and set a $250.00 target price on shares of monday.com in a research report on Tuesday, February 13th. Finally, KeyCorp began coverage on shares of monday.com in a research note on Thursday, March 21st. They set an "overweight" rating and a $275.00 price target on the stock. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, monday.com has an average rating of "Moderate Buy" and a consensus price target of $240.00.

monday.com Trading Up 0.4 %

MNDY traded up $0.76 during midday trading on Friday, hitting $181.76. 1,622,728 shares of the company were exchanged, compared to its average volume of 731,750. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of -2,596.20 and a beta of 1.24. The company's 50 day simple moving average is $206.39 and its 200 day simple moving average is $193.67. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $239.22.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 12th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.32 by $0.33. monday.com had a negative return on equity of 0.43% and a negative net margin of 0.26%. The firm had revenue of $202.60 million for the quarter, compared to analyst estimates of $197.97 million. During the same period last year, the company earned ($0.03) earnings per share. monday.com's revenue for the quarter was up 35.5% compared to the same quarter last year. On average, equities analysts anticipate that monday.com Ltd. will post -0.16 EPS for the current 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.