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

Advisors Asset Management Inc. reduced its position in monday.com Ltd. (NASDAQ:MNDY) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515 shares of the company’s stock after selling 111 shares during the period. Advisors Asset Management Inc.’s holdings in monday.com were worth $143,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its position in monday.com by 4.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after buying an additional 47 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of monday.com by 4.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 1,303 shares of the company’s stock valued at $314,000 after acquiring an additional 50 shares in the last quarter. Avior Wealth Management LLC boosted its position in monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares during the period. FDx Advisors Inc. increased its holdings in monday.com by 4.7% in the 2nd quarter. FDx Advisors Inc. now owns 2,000 shares of the company’s stock valued at $482,000 after purchasing an additional 90 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised 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 valued at $497,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their target price on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Citigroup increased their price objective on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Barclays boosted their target price on shares of monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group raised their price target on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Needham & Company LLC boosted their price objective on shares of monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $310.81.

monday.com Price Performance

monday.com stock opened at $285.36 on Friday. monday.com Ltd. has a 12 month low of $170.00 and a 12 month high of $324.99. The company has a fifty day moving average price of $284.25 and a two-hundred day moving average price of $253.77. The company has a market cap of $13.78 billion, a PE ratio of 696.00, a P/E/G ratio of 8.00 and a beta of 1.31.

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