Strs Ohio Sells 11,216 Shares of monday.com Ltd. $MNDY

Strs Ohio decreased its holdings in monday.com Ltd. (NASDAQ:MNDYFree Report) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,172 shares of the company’s stock after selling 11,216 shares during the period. Strs Ohio’s holdings in monday.com were worth $2,534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. WCM Investment Management LLC boosted its stake in shares of monday.com by 2.8% in the third quarter. WCM Investment Management LLC now owns 4,184,745 shares of the company’s stock valued at $843,519,000 after buying an additional 115,353 shares during the period. Capital World Investors raised 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 purchasing an additional 1,198,761 shares in the last quarter. SG Americas Securities LLC raised its position in shares of monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock valued at $137,660,000 after buying an additional 490,491 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of monday.com by 2.2% during the 4th quarter. Baillie Gifford & Co. now owns 723,655 shares of the company’s stock worth $106,783,000 after acquiring an additional 15,377 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of monday.com by 7.3% during the 3rd quarter. Westfield Capital Management Co. LP now owns 693,319 shares of the company’s stock worth $134,289,000 after acquiring an additional 46,999 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

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monday.com Stock Performance

Shares of MNDY opened at $75.95 on Wednesday. monday.com Ltd. has a 52 week low of $57.50 and a 52 week high of $316.98. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.54 and a beta of 1.17. The stock has a fifty day moving average of $70.43 and a 200-day moving average of $118.09.

monday.com (NASDAQ:MNDYGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.13. The business had revenue of $333.88 million for the quarter, compared to analyst estimates of $329.71 million. monday.com had a return on equity of 4.80% and a net margin of 9.64%.monday.com’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, equities analysts forecast that monday.com Ltd. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

MNDY has been the subject of several research analyst reports. Guggenheim set a $130.00 price objective on shares of monday.com and gave the company a “buy” rating in a research report on Thursday, April 9th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of monday.com in a report on Monday, February 9th. Zacks Research lowered monday.com from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Thursday, January 22nd. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $90.00 price objective (down from $175.00) on shares of monday.com in a research note on Tuesday, February 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, monday.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.09.

Get Our Latest Analysis on MNDY

monday.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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