monday.com Ltd. $MNDY Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 35.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,017 shares of the company’s stock after selling 9,211 shares during the period. Mediolanum International Funds Ltd’s holdings in monday.com were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of monday.com during the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in shares of monday.com by 76.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the last quarter. Quarry LP acquired a new position in shares of monday.com in the 4th quarter valued at about $29,000. Finally, Abound Wealth Management purchased a new stake in shares of monday.com in the fourth quarter worth about $30,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MNDY. Piper Sandler raised their target price on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. UBS Group decreased their price target on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, May 12th. Tigress Financial lowered their price objective on monday.com to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of monday.com in a research note on Thursday, June 11th. Finally, Oppenheimer set a $115.00 target price on shares of monday.com in a report on Monday, May 11th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.04.

monday.com Stock Down 5.1%

NASDAQ:MNDY opened at $72.84 on Wednesday. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $296.93. The stock’s 50-day moving average price is $78.36 and its 200-day moving average price is $84.65. The stock has a market capitalization of $3.73 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 3.84 and a beta of 1.26.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The company had revenue of $351.26 million during the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%. Sell-side analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

monday.com 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.