Peregrine Capital Management LLC Has $12.07 Million Position in monday.com Ltd. $MNDY

Peregrine Capital Management LLC cut its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 6.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,724 shares of the company’s stock after selling 12,001 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.34% of monday.com worth $12,075,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. NewEdge Advisors LLC raised its holdings in monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. American Century Companies Inc. raised its stake in shares of monday.com by 75.3% during the 2nd quarter. American Century Companies Inc. now owns 4,192 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,801 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after buying an additional 65 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of monday.com by 28.8% in the 2nd quarter. Cerity Partners LLC now owns 2,596 shares of the company’s stock valued at $816,000 after buying an additional 580 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of monday.com in the second quarter valued at $398,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Price Performance

NASDAQ:MNDY opened at $72.39 on Wednesday. The company has a market cap of $3.70 billion, a P/E ratio of 31.47, a P/E/G ratio of 3.68 and a beta of 1.24. The firm’s fifty day moving average price is $75.30 and its two-hundred day moving average price is $91.83. monday.com Ltd. has a one year low of $57.50 and a one year high of $314.99.

monday.com (NASDAQ:MNDY) last announced its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The business had revenue of $351.26 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. As a group, equities research analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on MNDY. Wall Street Zen upgraded shares of monday.com from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings reissued a “sell (d+)” rating on shares of monday.com in a research report on Thursday, June 11th. TD Cowen boosted their price objective on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, BTIG Research dropped their target price on shares of monday.com from $135.00 to $115.00 and set a “buy” rating on the stock 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.