monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd reduced its position in monday.com Ltd. (NASDAQ:MNDY) by 19.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,212 shares of the company’s stock after selling 3,254 shares during the quarter. Y.D. More Investments Ltd’s holdings in monday.com were worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MNDY. Ridgewood Investments LLC purchased a new position in monday.com in the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC grew its holdings in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of monday.com in the second quarter valued at approximately $69,000. PNC Financial Services Group Inc. raised its stake in shares of monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock worth $74,000 after buying an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. lifted its position in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after buying an additional 356 shares in the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNDY. JPMorgan Chase & Co. boosted their price target on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Tigress Financial boosted their target price on shares of monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wolfe Research initiated coverage on shares of monday.com in a research note on Tuesday, July 9th. They issued an “outperform” rating and a $300.00 price target on the stock. Bank of America boosted their price objective on monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, Robert W. Baird raised their target price on monday.com from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.79.

monday.com Trading Up 2.8 %

Shares of MNDY opened at $250.24 on Thursday. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $272.77. The firm has a market capitalization of $12.08 billion, a P/E ratio of 658.53, a P/E/G ratio of 11.78 and a beta of 1.32. The firm has a 50-day moving average price of $242.34 and a 200 day moving average price of $225.04.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. Equities research analysts predict that monday.com Ltd. will post 0.49 earnings per share for the current fiscal year.

monday.com Company 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.