Harbor Capital Advisors Inc. Has $438,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Harbor Capital Advisors Inc. cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 38.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,859 shares of the company’s stock after selling 1,171 shares during the period. Harbor Capital Advisors Inc.’s holdings in monday.com were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MNDY. FMR LLC increased its holdings in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after purchasing an additional 798,791 shares in the last quarter. Jennison Associates LLC increased its stake in shares of monday.com by 77.5% in the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after acquiring an additional 313,279 shares during the period. 1832 Asset Management L.P. boosted its stake in monday.com by 34.4% during the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after acquiring an additional 170,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in monday.com in the second quarter worth $28,747,000. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Loop Capital dropped their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Robert W. Baird upped their price target on monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. William Blair reissued an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of monday.com from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, Oppenheimer raised their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.85.

monday.com Stock Performance

Shares of NASDAQ:MNDY opened at $220.16 on Wednesday. The company has a market capitalization of $10.63 billion, a P/E ratio of 536.98, a price-to-earnings-growth ratio of 7.61 and a beta of 1.30. The company’s 50-day moving average is $260.86 and its 200 day moving average is $259.67. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations 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 company earned $0.15 earnings per share. As a group, research analysts predict that monday.com Ltd. will post 0.85 earnings per share for the current year.

About monday.com

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.