Numerai GP LLC Trims Holdings in monday.com Ltd. (NASDAQ:MNDY)

Numerai GP LLC decreased its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,859 shares of the company's stock after selling 988 shares during the quarter. Numerai GP LLC's holdings in monday.com were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC purchased a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the 4th quarter worth $28,000. R Squared Ltd purchased a new position in monday.com during the 4th quarter worth $33,000. Signaturefd LLC raised its position in monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on MNDY. JPMorgan Chase & Co. cut their price objective on shares of monday.com from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Barclays cut their price objective on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday. Canaccord Genuity Group cut their price objective on shares of monday.com from $375.00 to $350.00 and set a "buy" rating for the company in a research report on Tuesday. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and cut their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, Tigress Financial increased their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company's stock. Based on data from MarketBeat, monday.com presently has an average rating of "Moderate Buy" and a consensus price target of $346.50.

monday.com Price Performance

Shares of MNDY stock opened at $290.49 on Wednesday. The firm has a market cap of $14.75 billion, a P/E ratio of 484.15, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 1-year low of $181.00 and a 1-year high of $342.64. The firm's 50-day simple moving average is $256.40 and its 200-day simple moving average is $265.30.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $282.25 million for the quarter, compared to analyst estimates of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company's revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. Analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current fiscal 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.

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