monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Sonnipe Ltd

Sonnipe Ltd cut its stake in monday.com Ltd. (NASDAQ:MNDY) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,926,861 shares of the company’s stock after selling 137,507 shares during the quarter. monday.com accounts for 98.9% of Sonnipe Ltd’s holdings, making the stock its biggest position. Sonnipe Ltd owned 8.13% of monday.com worth $945,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MNDY. Crossmark Global Holdings Inc. increased its stake in monday.com by 4.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares in the last quarter. FDx Advisors Inc. increased its stake in monday.com by 4.7% during the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in monday.com by 4.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares in the last quarter. American International Group Inc. increased its stake in monday.com by 2.3% during the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after purchasing an additional 102 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its stake in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after purchasing an additional 102 shares in the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Price Performance

Shares of monday.com stock opened at $255.73 on Monday. The business has a fifty day simple moving average of $242.79 and a two-hundred day simple moving average of $225.67. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $272.77. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 672.97, a P/E/G ratio of 12.23 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.23. The business had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on MNDY shares. Barclays increased their target price on monday.com from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. UBS Group raised their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Monday, June 24th. TD Cowen raised their price target on shares of monday.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group raised their price target on shares of monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $285.79.

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.