BW Gestao de Investimentos Ltda. Sells 13,819 Shares of monday.com Ltd. $MNDY

BW Gestao de Investimentos Ltda. reduced its stake in monday.com Ltd. (NASDAQ:MNDY) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,701 shares of the company’s stock after selling 13,819 shares during the period. BW Gestao de Investimentos Ltda.’s holdings in monday.com were worth $2,760,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WCM Investment Management LLC raised its position in shares of monday.com by 2.8% in the 3rd quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after acquiring an additional 115,353 shares during the period. Ibex Investors LLC acquired a new stake in shares of monday.com in the 3rd quarter valued at approximately $34,864,000. TenCore Partners LP raised its position in shares of monday.com by 42.2% in the 3rd quarter. TenCore Partners LP now owns 141,390 shares of the company’s stock valued at $27,386,000 after acquiring an additional 41,935 shares during the period. Capital World Investors raised its position in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after acquiring an additional 1,198,761 shares during the period. Finally, AMS Capital Ltda acquired a new stake in shares of monday.com in the 4th quarter valued at approximately $4,055,000. 73.70% of the stock is currently owned by institutional investors.

monday.com Trading Down 4.1%

NASDAQ:MNDY opened at $91.51 on Wednesday. monday.com Ltd. has a 1-year low of $57.50 and a 1-year high of $316.98. The firm has a fifty day simple moving average of $71.08 and a 200 day simple moving average of $102.93. The stock has a market capitalization of $4.68 billion, a PE ratio of 39.79, a P/E/G ratio of 4.78 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last released its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. The business had revenue of $351.27 million during the quarter. On average, equities analysts predict that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MNDY. Barclays increased their price target on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Tigress Financial cut their price target on shares of monday.com to $165.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Zacks Research downgraded shares of monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Wells Fargo & Company cut their price target on shares of monday.com from $200.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Finally, TD Cowen raised their target price on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $126.48.

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.