US Bancorp DE Decreases Holdings in monday.com Ltd. (NASDAQ:MNDY)

US Bancorp DE cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,804 shares of the company’s stock after selling 976 shares during the period. US Bancorp DE’s holdings in monday.com were worth $3,956,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com in the 4th quarter worth $28,000. R Squared Ltd purchased a new stake in shares of monday.com in the 4th quarter worth $33,000. Global Retirement Partners LLC increased its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Finally, Cromwell Holdings LLC increased its stake in shares of monday.com by 372.7% in the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock worth $37,000 after purchasing an additional 123 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

monday.com Stock Up 1.3 %

Shares of MNDY opened at $280.20 on Thursday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 467.00, a price-to-earnings-growth ratio of 16.53 and a beta of 1.31. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The company has a 50 day moving average of $264.18 and a two-hundred day moving average of $270.40.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MNDY shares. Piper Sandler upped their price objective on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Canaccord Genuity Group upped their price objective on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Scotiabank increased their price target on monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 11th. Needham & Company LLC increased their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Four analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $358.32.

About monday.com

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.