RiverPark Advisors LLC Reduces Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

RiverPark Advisors LLC trimmed its position in monday.com Ltd. (NASDAQ:MNDY) by 28.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 425 shares of the company’s stock after selling 171 shares during the period. RiverPark Advisors LLC’s holdings in monday.com were worth $118,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its position in monday.com by 4.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after purchasing an additional 47 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in monday.com by 4.0% in the second quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock worth $314,000 after purchasing an additional 50 shares during the last quarter. FDx Advisors Inc. boosted its position in monday.com by 4.7% in the second quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock worth $482,000 after purchasing an additional 90 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in monday.com by 4.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares during the last quarter. Finally, American International Group Inc. boosted its position in monday.com by 2.3% in the first quarter. American International Group Inc. now owns 4,550 shares of the company’s stock worth $1,028,000 after purchasing an additional 102 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on MNDY shares. DA Davidson reaffirmed a “neutral” rating and set a $300.00 price objective on shares of monday.com in a research report on Tuesday, November 12th. Needham & Company LLC lifted their price objective on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Piper Sandler lifted their price objective on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. UBS Group lifted their price objective on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Loop Capital lifted their price objective on monday.com from $285.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.10.

monday.com Price Performance

NASDAQ:MNDY opened at $262.89 on Friday. monday.com Ltd. has a 1 year low of $166.86 and a 1 year high of $324.99. The stock’s 50 day simple moving average is $280.53 and its two-hundred day simple moving average is $248.55. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 641.20, a PEG ratio of 12.26 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The business had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. As a group, analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

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.