Y.D. More Investments Ltd Lowers Holdings in monday.com Ltd. (NASDAQ:MNDY)

Y.D. More Investments Ltd lowered its position in monday.com Ltd. (NASDAQ:MNDY) by 19.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,212 shares of the company’s stock after selling 3,254 shares during the quarter. Y.D. More Investments Ltd’s holdings in monday.com were worth $3,156,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of monday.com during the 1st quarter worth $728,521,000. Price T Rowe Associates Inc. MD grew its holdings in monday.com by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company’s stock worth $714,781,000 after acquiring an additional 31,304 shares in the last quarter. 1832 Asset Management L.P. increased its position in monday.com by 12.1% during the 4th quarter. 1832 Asset Management L.P. now owns 860,300 shares of the company’s stock valued at $161,573,000 after purchasing an additional 92,600 shares during the period. Jennison Associates LLC raised its holdings in shares of monday.com by 12.1% in the 1st quarter. Jennison Associates LLC now owns 782,154 shares of the company’s stock valued at $176,665,000 after purchasing an additional 84,182 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of monday.com by 33.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company’s stock valued at $93,868,000 after purchasing an additional 103,094 shares in the last quarter. 73.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MNDY. Robert W. Baird lifted their price objective on shares of monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Oppenheimer lifted their price target on monday.com from $240.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Wolfe Research initiated coverage on monday.com in a research note on Tuesday, July 9th. They set an “outperform” rating and a $300.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of monday.com in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.79.

monday.com Price Performance

NASDAQ MNDY opened at $250.24 on Thursday. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 658.53, a PEG ratio of 11.78 and a beta of 1.32. The stock’s fifty day moving average price is $242.34 and its 200 day moving average price is $225.04. monday.com Ltd. has a 1 year low of $122.13 and a 1 year high of $272.77.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. Research analysts expect that monday.com Ltd. will post 0.49 earnings per share for the current 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.