Noked Israel Ltd Sells 172,150 Shares of monday.com Ltd. (NASDAQ:MNDY)

Noked Israel Ltd decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 89.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,000 shares of the company’s stock after selling 172,150 shares during the period. monday.com accounts for 0.9% of Noked Israel Ltd’s investment portfolio, making the stock its 12th biggest holding. Noked Israel Ltd’s holdings in monday.com were worth $4,709,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MNDY. Stonebridge Financial Group LLC bought a new position in monday.com during the fourth quarter worth about $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in monday.com during the fourth quarter worth about $33,000. Signaturefd LLC lifted its position in monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price target on monday.com from $375.00 to $350.00 and set a “buy” rating on the stock in a research note on Tuesday. Tigress Financial boosted their target price on monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Barclays reduced their price target on shares of monday.com from $360.00 to $345.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased their target price on monday.com from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, Scotiabank increased their price target on monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $346.50.

monday.com Stock Up 4.1%

Shares of MNDY stock opened at $290.49 on Wednesday. The stock has a market cap of $14.75 billion, a P/E ratio of 484.15, a PEG ratio of 16.53 and a beta of 1.32. monday.com Ltd. has a 52 week low of $181.00 and a 52 week high of $342.64. The company’s fifty day simple moving average is $256.40 and its two-hundred day simple moving average is $265.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. monday.com’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal 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.