Nomura Asset Management Co. Ltd. Sells 110 Shares of monday.com Ltd. (NASDAQ:MNDY)

Nomura Asset Management Co. Ltd. lowered its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,400 shares of the company’s stock after selling 110 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in monday.com were worth $2,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC bought a new position in monday.com during the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in monday.com during the fourth quarter worth about $28,000. R Squared Ltd acquired a new stake in monday.com in the 4th quarter worth about $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the period. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MNDY shares. Wells Fargo & Company increased their price target on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Barclays increased their target price on monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Jefferies Financial Group cut their price objective on shares of monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler raised their target price on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Loop Capital cut their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $352.64.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $266.60 on Thursday. The firm has a 50 day moving average price of $273.56 and a two-hundred day moving average price of $270.34. The stock has a market cap of $13.54 billion, a P/E ratio of 444.33, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Profile

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.