Strategy Capital LLC Lowers Stake in monday.com Ltd. $MNDY

Strategy Capital LLC decreased its stake in monday.com Ltd. (NASDAQ:MNDY) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,388 shares of the company’s stock after selling 25,773 shares during the period. monday.com makes up 2.4% of Strategy Capital LLC’s portfolio, making the stock its 11th biggest position. Strategy Capital LLC owned 0.44% of monday.com worth $32,816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of MNDY. NewEdge Advisors LLC boosted its position in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after buying an additional 106 shares during the period. American Century Companies Inc. boosted its position in shares of monday.com by 75.3% in the second quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after buying an additional 1,801 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of monday.com by 76.5% in the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after buying an additional 65 shares during the period. Cerity Partners LLC boosted its position in shares of monday.com by 28.8% in the second quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock worth $816,000 after buying an additional 580 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in shares of monday.com in the second quarter worth about $398,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

NASDAQ:MNDY opened at $77.57 on Friday. monday.com Ltd. has a one year low of $57.50 and a one year high of $316.98. The business’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $98.93. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 3.98 and a beta of 1.24.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MNDY shares. BTIG Research decreased their target price on monday.com from $135.00 to $115.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. UBS Group decreased their target price on monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Guggenheim set a $130.00 target price on monday.com and gave the stock a “buy” rating in a research report on Thursday, April 9th. Piper Sandler upped their target price on monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Tigress Financial decreased their target price on monday.com to $165.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.48.

About monday.com

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.