Victory Capital Management Inc. Sells 68 Shares of monday.com Ltd. (NASDAQ:MNDY)

Victory Capital Management Inc. trimmed its position in monday.com Ltd. (NASDAQ:MNDY) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,541 shares of the company’s stock after selling 68 shares during the period. Victory Capital Management Inc.’s holdings in monday.com were worth $1,305,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Stonebridge Financial Group LLC bought a new position in shares of monday.com in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in shares of monday.com in the 4th quarter worth $28,000. R Squared Ltd bought a new position in shares of monday.com in the 4th quarter worth $33,000. Global Retirement Partners LLC boosted its position in shares of monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after purchasing an additional 59 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in shares of monday.com by 372.7% in the 4th quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock worth $37,000 after purchasing an additional 123 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors.

monday.com Price Performance

MNDY opened at $257.23 on Wednesday. The business’s 50-day moving average price is $267.18 and its two-hundred day moving average price is $269.58. The company has a market capitalization of $12.42 billion, a price-to-earnings ratio of 428.72, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 1 year low of $174.75 and a 1 year high of $342.64.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Sell-side analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a research report on Tuesday, February 11th. Scotiabank dropped their price objective on monday.com from $400.00 to $315.00 and set a “sector outperform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their price objective on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, Robert W. Baird raised their price objective on monday.com from $275.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

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.