monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Polar Capital Holdings Plc

Polar Capital Holdings Plc lowered its stake in monday.com Ltd. (NASDAQ:MNDY) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,010 shares of the company’s stock after selling 46,035 shares during the period. Polar Capital Holdings Plc owned 0.40% of monday.com worth $45,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Clearbridge Investments LLC lifted its position in shares of monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after buying an additional 44 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of monday.com by 1.3% during the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock worth $970,000 after purchasing an additional 53 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of 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 purchasing an additional 59 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc boosted its holdings in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after buying an additional 83 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on MNDY. Jefferies Financial Group decreased their price objective on monday.com from $400.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, March 31st. The Goldman Sachs Group boosted their price target on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Scotiabank increased their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Cantor Fitzgerald raised their target price on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a research report on Tuesday, February 11th. Three research 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, monday.com has an average rating of “Moderate Buy” and a consensus target price of $346.50.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $292.83 on Thursday. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 488.05, a price-to-earnings-growth ratio of 16.53 and a beta of 1.32. The business’s 50 day simple moving average is $257.21 and its 200-day simple moving average is $265.49. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.61 earnings per share. On average, equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current year.

monday.com Company 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.