monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. lowered its position in monday.com Ltd. (NASDAQ:MNDY) by 14.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,880 shares of the company’s stock after selling 312 shares during the quarter. Panagora Asset Management Inc.’s holdings in monday.com were worth $453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American International Group Inc. lifted its stake in shares of monday.com by 2.3% in the 1st quarter. American International Group Inc. now owns 4,550 shares of the company’s stock valued at $1,028,000 after purchasing an additional 102 shares in the last quarter. Gilliland Jeter Wealth Management LLC lifted its position in monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares in the last quarter. Yousif Capital Management LLC grew its stake in monday.com by 11.9% during the fourth quarter. Yousif Capital Management LLC now owns 1,500 shares of the company’s stock worth $282,000 after buying an additional 160 shares during the period. Nvwm LLC increased its position in shares of monday.com by 6.4% in the first quarter. Nvwm LLC now owns 2,735 shares of the company’s stock worth $618,000 after acquiring an additional 165 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new position in shares of monday.com in the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MNDY. Baird R W raised shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $300.00 target price (up previously from $270.00) on shares of monday.com in a research report on Monday, August 12th. DA Davidson raised their target price on monday.com from $230.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Tigress Financial upped their price target on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Finally, Barclays lifted their price objective on shares of monday.com from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.79.

monday.com Trading Down 5.7 %

MNDY stock opened at $250.78 on Wednesday. The stock’s 50 day simple moving average is $241.35 and its 200 day simple moving average is $223.74. monday.com Ltd. has a 12-month low of $122.13 and a 12-month high of $272.77. The firm has a market cap of $12.11 billion, a P/E ratio of 659.95, a P/E/G ratio of 12.99 and a beta of 1.30.

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.