Wasatch Advisors LP Sells 8,842 Shares of monday.com Ltd. (NASDAQ:MNDY)

Wasatch Advisors LP trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 9.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,638 shares of the company’s stock after selling 8,842 shares during the quarter. Wasatch Advisors LP’s holdings in monday.com were worth $20,869,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Clearbridge Investments LLC grew its holdings in monday.com by 0.3% during the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock valued at $3,179,000 after buying an additional 44 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after acquiring an additional 53 shares during the period. Global Retirement Partners LLC grew its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after acquiring an additional 59 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in monday.com by 7.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock worth $253,000 after acquiring an additional 76 shares during the period. Finally, Vestcor Inc lifted its stake in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock worth $142,000 after purchasing an additional 83 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Stock Performance

MNDY opened at $250.34 on Thursday. The stock has a market capitalization of $12.71 billion, a PE ratio of 417.23, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The stock’s 50 day moving average price is $269.64 and its 200-day moving average price is $267.45. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on MNDY. Canaccord Genuity Group boosted their price target on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. boosted their target price on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Loop Capital dropped their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their target price for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.91.

monday.com Profile

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.