monday.com Ltd. $MNDY Shares Sold by Strategy Capital LLC

Strategy Capital LLC decreased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 222,388 shares of the company’s stock after selling 25,773 shares during the quarter. monday.com makes up 2.4% of Strategy Capital LLC’s portfolio, making the stock its 11th biggest position. Strategy Capital LLC’s holdings in monday.com were worth $32,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its stake in monday.com by 231.2% during the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after buying an additional 1,198,761 shares in the last quarter. AMS Capital Ltda acquired a new stake in monday.com during the fourth quarter valued at approximately $4,055,000. Dorsal Capital Management LP raised its stake in monday.com by 13.3% during the third quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock valued at $82,318,000 after buying an additional 50,000 shares in the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in monday.com during the third quarter valued at approximately $6,299,000. Finally, SG Americas Securities LLC raised its stake in monday.com by 110.9% during the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Citigroup cut their price objective on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. TD Cowen upped their price objective on monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler increased their price target on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen cut monday.com from a “buy” rating to a “hold” rating in a research report on Sunday, May 24th. Finally, Zacks Research cut monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com Trading Down 2.5%

Shares of monday.com stock opened at $77.57 on Friday. The business’s 50 day simple moving average is $73.57 and its 200-day simple moving average is $98.93. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 3.98 and a beta of 1.24. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $316.98.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The business had revenue of $351.27 million for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Sell-side analysts predict that monday.com Ltd. will post 1.59 earnings per share for the current year.

monday.com Company Profile

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.