monday.com Ltd. (NASDAQ:MNDY) Position Reduced by Sora Investors LLC

Sora Investors LLC trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,090 shares of the company's stock after selling 4,910 shares during the period. Sora Investors LLC's holdings in monday.com were worth $2,376,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC lifted its position in monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock valued at $636,147,000 after buying an additional 1,189,858 shares in the last quarter. Jennison Associates LLC lifted its position 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 worth $195,606,000 after purchasing an additional 100,333 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of monday.com by 264.1% during the fourth 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 lifted its position in shares of monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after purchasing an additional 96,222 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of monday.com during the fourth quarter worth $116,686,000. 73.70% of the stock is owned by institutional investors and hedge funds.

monday.com Stock Performance

Shares of monday.com stock traded down $3.03 during trading on Monday, hitting $290.10. 498,354 shares of the stock were exchanged, compared to its average volume of 771,225. The stock's fifty day moving average is $259.42 and its 200 day moving average is $264.95. The stock has a market cap of $14.73 billion, a PE ratio of 483.50, a P/E/G ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.70 by $0.40. The business had revenue of $282.25 million during 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 quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on MNDY shares. Needham & Company LLC reissued a "buy" rating and set a $400.00 target price on shares of monday.com in a research report on Tuesday, May 13th. 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 research report on Friday, May 2nd. Barclays reduced their target price on shares of monday.com from $360.00 to $345.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Jefferies Financial Group reduced their target price on shares of monday.com from $400.00 to $360.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Finally, Loop Capital reduced their target price on shares of monday.com from $385.00 to $375.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. 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 an average rating of "Moderate Buy" and an average target price of $346.50.

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.