RiverPark Advisors LLC Sells 171 Shares of monday.com Ltd. (NASDAQ:MNDY)

RiverPark Advisors LLC lowered its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 28.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 425 shares of the company’s stock after selling 171 shares during the quarter. RiverPark Advisors LLC’s holdings in monday.com were worth $118,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in monday.com during the 3rd quarter valued at $43,000. Ridgewood Investments LLC purchased a new position in monday.com during the 2nd quarter valued at $45,000. Gilliland Jeter Wealth Management LLC boosted its holdings in monday.com by 72.9% during the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after acquiring an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new position in monday.com during the 2nd quarter valued at $69,000. Finally, Industrial Alliance Investment Management Inc. boosted its holdings in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after acquiring an additional 356 shares during the period. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

Shares of NASDAQ:MNDY opened at $262.89 on Friday. The business’s 50-day moving average is $280.53 and its 200 day moving average is $248.55. monday.com Ltd. has a 1 year low of $166.86 and a 1 year high of $324.99. The firm has a market capitalization of $12.69 billion, a P/E ratio of 641.20, a P/E/G ratio of 12.26 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. On average, analysts expect that monday.com Ltd. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

MNDY has been the subject of a number of recent analyst reports. Barclays boosted their price objective on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Capital One Financial initiated coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 target price for the company. Oppenheimer upped their target price on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Tigress Financial upped their target price on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Citigroup upped their target price on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Five research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $310.10.

monday.com Company 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.