Polen Capital Management LLC Sells 46,479 Shares of monday.com Ltd. $MNDY

Polen Capital Management LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 79,332 shares of the company’s stock after selling 46,479 shares during the quarter. Polen Capital Management LLC owned about 0.16% of monday.com worth $11,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors boosted its stake in monday.com by 231.2% in the third quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock valued at $332,617,000 after acquiring an additional 1,198,761 shares during the last quarter. AMS Capital Ltda bought a new position in monday.com in the fourth quarter valued at approximately $4,055,000. Dorsal Capital Management LP boosted its stake in monday.com by 13.3% in the third quarter. Dorsal Capital Management LP now owns 425,000 shares of the company’s stock valued at $82,318,000 after acquiring an additional 50,000 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in monday.com in the third quarter valued at approximately $6,299,000. Finally, SG Americas Securities LLC boosted its stake in monday.com by 110.9% in the fourth quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after acquiring an additional 490,491 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

MNDY opened at $79.58 on Friday. The firm’s fifty day moving average is $73.38 and its two-hundred day moving average is $99.08. The firm has a market cap of $4.07 billion, a PE ratio of 34.60, a price-to-earnings-growth ratio of 4.09 and a beta of 1.24. monday.com Ltd. has a twelve month low of $57.50 and a twelve month high of $316.98.

monday.com (NASDAQ:MNDY) last posted its earnings results on Friday, March 13th. The company reported $1.15 earnings per share for the quarter. The company had revenue of $351.27 million for the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities analysts forecast that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MNDY has been the topic of a number of recent research reports. Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Wall Street Zen cut shares of monday.com from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. TD Cowen raised their price objective on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. BTIG Research reduced their price objective on shares of monday.com from $135.00 to $115.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Finally, Guggenheim set a $130.00 price objective on shares of monday.com and gave the company a “buy” rating in a research note on Thursday, April 9th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.48.

monday.com 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.