Sei Investments Co. Decreases Holdings in monday.com Ltd. (NASDAQ:MNDY)

Sei Investments Co. lowered its holdings in monday.com Ltd. (NASDAQ:MNDY) by 42.8% during the fourth quarter, HoldingsChannel reports. The fund owned 79,240 shares of the company’s stock after selling 59,305 shares during the period. Sei Investments Co.’s holdings in monday.com were worth $18,656,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in monday.com in the fourth quarter valued at approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in shares of monday.com during the 4th quarter worth approximately $28,000. R Squared Ltd acquired a new position in shares of monday.com in the 4th quarter valued at $33,000. Signaturefd LLC grew its position in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position 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 buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

MNDY has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital dropped their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. The Goldman Sachs Group boosted their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays raised their target price on shares of monday.com from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Stock Down 3.3 %

monday.com stock opened at $255.68 on Friday. The firm has a fifty day moving average of $272.89 and a 200-day moving average of $270.09. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64. The firm has a market capitalization of $12.98 billion, a P/E ratio of 426.13, a PEG ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, research analysts expect 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.