Noked Israel Ltd Reduces Position in monday.com Ltd. (NASDAQ:MNDY)

Noked Israel Ltd cut its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 89.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,000 shares of the company's stock after selling 172,150 shares during the quarter. monday.com comprises approximately 0.9% of Noked Israel Ltd's holdings, making the stock its 12th largest holding. Noked Israel Ltd's holdings in monday.com were worth $4,709,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. FMR LLC grew its stake 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 purchasing an additional 1,189,858 shares during the last quarter. Norges Bank acquired a new stake in shares of monday.com during the fourth quarter worth about $116,686,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of monday.com during the fourth quarter worth about $109,605,000. SG Americas Securities LLC lifted its holdings in monday.com by 1,024.7% in the fourth quarter. SG Americas Securities LLC now owns 476,392 shares of the company's stock valued at $112,162,000 after acquiring an additional 434,035 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its holdings in monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after acquiring an additional 403,255 shares during the period. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

Shares of NASDAQ MNDY traded up $0.16 during midday trading on Friday, hitting $293.13. 480,381 shares of the company's stock were exchanged, compared to its average volume of 772,986. monday.com Ltd. has a twelve month low of $188.01 and a twelve month high of $342.64. The company has a market cap of $14.88 billion, a PE ratio of 488.55, a P/E/G ratio of 16.53 and a beta of 1.32. The firm's fifty day simple moving average is $259.42 and its 200-day simple moving average is $265.39.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.40. monday.com had a return on equity of 6.22% and a net margin of 3.33%. The business had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. During the same quarter last year, the company earned $0.61 EPS. The business's quarterly revenue was up 30.2% on a year-over-year basis. Equities analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of several research analyst reports. Wells Fargo & Company upped their target price on monday.com from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday. Jefferies Financial Group dropped their target price on monday.com from $400.00 to $360.00 and set a "buy" rating for the company in a report on Monday, March 31st. Canaccord Genuity Group lowered their price target on monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a report on Tuesday. DA Davidson lowered their price target on monday.com from $350.00 to $290.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Barclays lowered their target price on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $346.50.

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.