HighTower Advisors LLC Sells 1,915 Shares of monday.com Ltd. (NASDAQ:MNDY)

HighTower Advisors LLC reduced its stake in monday.com Ltd. (NASDAQ:MNDY) by 19.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,028 shares of the company’s stock after selling 1,915 shares during the period. HighTower Advisors LLC’s holdings in monday.com were worth $1,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC bought a new stake in shares of monday.com in the 4th quarter valued at approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in monday.com in the fourth quarter worth about $28,000. R Squared Ltd purchased a new position in shares of monday.com during the fourth quarter valued at approximately $33,000. Global Retirement Partners LLC grew its stake in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the last quarter. Finally, Cromwell Holdings LLC raised its holdings in shares of monday.com by 372.7% in the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock worth $37,000 after buying an additional 123 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of MNDY stock opened at $265.45 on Monday. The stock’s 50-day simple moving average is $269.57 and its 200-day simple moving average is $269.78. The firm has a market capitalization of $12.82 billion, a PE ratio of 442.42, a P/E/G ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share 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 forecast that monday.com Ltd. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MNDY. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective for the company in a report on Tuesday, February 11th. Loop Capital cut their target price on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Scotiabank lowered their target price on monday.com from $400.00 to $315.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Jefferies Financial Group lifted their target price on monday.com from $300.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Canaccord Genuity Group increased their price target on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, monday.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

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.