Y.D. More Investments Ltd Trims Position in monday.com Ltd. $MNDY

Y.D. More Investments Ltd trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 71.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,835 shares of the company’s stock after selling 6,955 shares during the period. Y.D. More Investments Ltd’s holdings in monday.com were worth $549,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. WCM Investment Management LLC lifted its position in monday.com by 2.8% during the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after purchasing an additional 115,353 shares during the period. JPMorgan Chase & Co. raised its stake in shares of monday.com by 9.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,833,000 shares of the company’s stock valued at $576,442,000 after buying an additional 150,987 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of monday.com by 136.5% in the 3rd quarter. Baillie Gifford & Co. now owns 708,278 shares of the company’s stock valued at $137,186,000 after buying an additional 408,848 shares during the period. State Street Corp lifted its holdings in shares of monday.com by 5.4% in the 2nd quarter. State Street Corp now owns 661,265 shares of the company’s stock valued at $207,955,000 after buying an additional 33,963 shares during the period. Finally, Alliancebernstein L.P. boosted its stake in shares of monday.com by 4.2% in the second quarter. Alliancebernstein L.P. now owns 605,510 shares of the company’s stock worth $190,421,000 after buying an additional 24,624 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $75.58 on Friday. monday.com Ltd. has a 1 year low of $68.68 and a 1 year high of $316.98. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The business’s 50 day moving average price is $122.34 and its 200-day moving average price is $161.77.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, February 9th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.91 by $0.13. The company had revenue of $333.88 million during the quarter, compared to analyst estimates of $329.71 million. monday.com had a net margin of 9.64% and a return on equity of 4.80%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, sell-side analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on MNDY. Wells Fargo & Company reduced their price target on monday.com from $200.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Cantor Fitzgerald dropped their price objective on shares of monday.com from $148.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Jefferies Financial Group cut their target price on shares of monday.com from $300.00 to $260.00 and set a “buy” rating for the company in a report on Monday, January 5th. Morgan Stanley lowered their price target on shares of monday.com from $236.00 to $200.00 and set an “overweight” rating on the stock in a report on Tuesday, January 27th. Finally, Tigress Financial raised their price target on shares of monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.88.

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.