SG Americas Securities LLC Sells 39,235 Shares of monday.com Ltd. (NASDAQ:MNDY)

SG Americas Securities LLC lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 8.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 437,157 shares of the company’s stock after selling 39,235 shares during the quarter. SG Americas Securities LLC owned about 0.86% of monday.com worth $106,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MNDY. Yousif Capital Management LLC boosted its stake in monday.com by 4.6% during the first quarter. Yousif Capital Management LLC now owns 1,948 shares of the company’s stock worth $474,000 after buying an additional 85 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in monday.com by 32.7% during the first quarter. Farther Finance Advisors LLC now owns 211 shares of the company’s stock worth $55,000 after buying an additional 52 shares in the last quarter. Toth Financial Advisory Corp acquired a new stake in monday.com during the first quarter worth $280,000. Viking Fund Management LLC acquired a new stake in monday.com during the first quarter worth $1,216,000. Finally, Whipplewood Advisors LLC boosted its stake in monday.com by 954.5% during the first quarter. Whipplewood Advisors LLC now owns 348 shares of the company’s stock worth $85,000 after buying an additional 315 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 1.2%

Shares of NASDAQ:MNDY opened at $309.02 on Tuesday. The stock has a market capitalization of $15.69 billion, a P/E ratio of 515.03, a P/E/G ratio of 16.53 and a beta of 1.30. monday.com Ltd. has a 1-year low of $188.01 and a 1-year high of $342.64. The business has a 50-day moving average price of $271.72 and a two-hundred day moving average price of $266.70.

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

Analysts Set New Price Targets

MNDY has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of monday.com from $315.00 to $330.00 and gave the stock a “sector outperform” rating in a research note on Friday, May 2nd. Tigress Financial boosted their target price on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Canaccord Genuity Group reduced their target price on shares of monday.com from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. 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 note on Tuesday, May 13th. Finally, DA Davidson reduced their target price on shares of monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.