Numerai GP LLC Sells 988 Shares of monday.com Ltd. (NASDAQ:MNDY)

Numerai GP LLC decreased its position 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 SEC. The fund owned 4,859 shares of the company's stock after selling 988 shares during the period. Numerai GP LLC's holdings in monday.com were worth $1,144,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com during the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com in the fourth quarter valued at about $28,000. R Squared Ltd acquired a new stake in monday.com during the fourth quarter worth approximately $33,000. Signaturefd LLC raised its stake in shares of 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 boosted its holdings in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after acquiring an additional 59 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

NASDAQ:MNDY traded down $0.20 during mid-day trading on Monday, reaching $292.93. The stock had a trading volume of 212,976 shares, compared to its average volume of 936,487. The stock has a market cap of $14.87 billion, a P/E ratio of 488.42, a PEG ratio of 16.53 and a beta of 1.32. The business's 50 day moving average is $259.42 and its 200 day moving average is $264.95. monday.com Ltd. has a fifty-two week low of $188.01 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. Equities analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on MNDY. Loop Capital decreased their target price on monday.com from $385.00 to $375.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Cantor Fitzgerald raised their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Barclays lowered their price target on monday.com from $360.00 to $345.00 and set an "overweight" rating for the company in a research report on Tuesday, May 13th. Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a report on Tuesday, February 11th. Finally, Scotiabank boosted their target price on shares of monday.com from $315.00 to $330.00 and gave the stock a "sector outperform" rating in a report on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus 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.