monday.com Ltd. $MNDY Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 12.6% during the 1st quarter, HoldingsChannel reports. The fund owned 60,419 shares of the company’s stock after selling 8,706 shares during the period. Y Intercept Hong Kong Ltd’s holdings in monday.com were worth $4,176,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in monday.com by 71.9% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,121 shares of the company’s stock valued at $1,321,000 after purchasing an additional 8,000 shares during the period. USS Investment Management Ltd raised its stake in shares of monday.com by 5.8% during the 1st quarter. USS Investment Management Ltd now owns 9,509 shares of the company’s stock worth $657,000 after buying an additional 524 shares during the period. IFM Investors Pty Ltd purchased a new position in shares of monday.com during the 1st quarter valued at approximately $522,000. Pictet Asset Management Holding SA lifted its position in shares of monday.com by 7.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 18,766 shares of the company’s stock valued at $1,297,000 after buying an additional 1,247 shares in the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in monday.com by 51.4% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 28,000 shares of the company’s stock valued at $1,935,000 after acquiring an additional 9,500 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Performance

MNDY stock opened at $79.77 on Monday. The firm has a 50-day moving average of $75.90 and a two-hundred day moving average of $90.18. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $314.99. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 34.68, a PEG ratio of 3.99 and a beta of 1.26.

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

Analyst Ratings Changes

Several equities research analysts recently commented on MNDY shares. Piper Sandler boosted their price target on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of monday.com from a “buy” rating to a “hold” rating in a research report on Saturday. TD Cowen upped their price target on shares of monday.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Citigroup lowered their price objective on monday.com from $176.00 to $154.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Finally, Guggenheim set a $130.00 target price on monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Seventeen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.48.

monday.com Company 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.