Chicago Capital LLC Has $356,000 Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Chicago Capital LLC cut its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510 shares of the company’s stock after selling 285 shares during the period. Chicago Capital LLC’s holdings in monday.com were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. purchased a new stake in shares of monday.com in the third quarter worth approximately $1,667,000. International Assets Investment Management LLC bought a new position in monday.com during the 3rd quarter valued at $21,989,000. Taylor Frigon Capital Management LLC purchased a new position in monday.com during the 3rd quarter worth $1,311,000. Jennison Associates LLC grew its stake in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after purchasing an additional 2,196 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of monday.com stock opened at $248.33 on Tuesday. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $324.99. The stock has a market capitalization of $11.99 billion, a PE ratio of 605.68, a price-to-earnings-growth ratio of 7.12 and a beta of 1.31. The company has a 50-day simple moving average of $251.63 and a two-hundred day simple moving average of $260.66.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. During the same quarter last year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 49.5% compared to the same quarter last year. As a group, equities research analysts forecast that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MNDY. KeyCorp cut shares of monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. William Blair reaffirmed an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Canaccord Genuity Group lifted their price target on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. DA Davidson reaffirmed a “neutral” rating and set a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Finally, Needham & Company LLC boosted their price target on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $310.68.

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.