monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 10.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,679 shares of the company’s stock after selling 665 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in monday.com were worth $1,577,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its stake in monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after purchasing an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in monday.com by 4.0% during the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after buying an additional 50 shares in the last quarter. FDx Advisors Inc. grew its holdings in monday.com by 4.7% during the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after acquiring an additional 90 shares during the period. Oppenheimer Asset Management Inc. raised its position in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after acquiring an additional 91 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

MNDY has been the topic of a number of research reports. KeyCorp dropped their target price on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Barclays increased their price objective on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Piper Sandler lifted their target price on monday.com from $300.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Capital One Financial began coverage on monday.com in a report on Thursday, October 10th. They set an “overweight” rating and a $325.00 target price for the company. Finally, DA Davidson lifted their price target on monday.com from $250.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.35.

monday.com Price Performance

Shares of NASDAQ MNDY opened at $299.61 on Friday. monday.com Ltd. has a one year low of $122.13 and a one year high of $302.57. The business’s 50-day moving average price is $270.78 and its two-hundred day moving average price is $237.51. The company has a market capitalization of $14.47 billion, a P/E ratio of 374.51, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. On average, equities analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

About monday.com

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.