monday.com Ltd. $MNDY Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lessened its position in monday.com Ltd. (NASDAQ:MNDY) by 71.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,835 shares of the company’s stock after selling 6,955 shares during the quarter. Y.D. More Investments Ltd’s holdings in monday.com were worth $549,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Alberta Investment Management Corp raised its stake in monday.com by 64.1% in the 3rd quarter. Alberta Investment Management Corp now owns 6,400 shares of the company’s stock valued at $1,240,000 after purchasing an additional 2,500 shares during the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of monday.com in the third quarter valued at about $893,000. Vanguard Group Inc. raised its position in shares of monday.com by 3.8% in the third quarter. Vanguard Group Inc. now owns 78,522 shares of the company’s stock valued at $15,209,000 after buying an additional 2,873 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of monday.com by 4.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 18,591 shares of the company’s stock worth $3,601,000 after buying an additional 800 shares in the last quarter. Finally, Coronation Fund Managers Ltd. boosted its position in monday.com by 22.4% during the third quarter. Coronation Fund Managers Ltd. now owns 96,214 shares of the company’s stock worth $18,636,000 after acquiring an additional 17,637 shares during the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on MNDY shares. Wells Fargo & Company cut their price objective on shares of monday.com from $200.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. JPMorgan Chase & Co. dropped their price target on monday.com from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Loop Capital set a $80.00 price target on monday.com in a report on Tuesday, February 10th. Wolfe Research reiterated an “outperform” rating and set a $95.00 price objective on shares of monday.com in a research report on Monday, February 9th. Finally, KeyCorp dropped their target price on monday.com from $220.00 to $140.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.88.

monday.com Stock Performance

Shares of monday.com stock opened at $75.58 on Friday. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 33.59, a PEG ratio of 1.41 and a beta of 1.25. monday.com Ltd. has a fifty-two week low of $68.68 and a fifty-two week high of $316.98. The stock has a 50 day moving average of $122.34 and a 200 day moving average of $161.77.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 9th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13. The company had revenue of $333.88 million for the quarter, compared to the consensus estimate of $329.71 million. monday.com had a return on equity of 4.80% and a net margin of 9.64%.The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. Analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.