monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Savoie Capital LLC

Savoie Capital LLC lowered its position in monday.com Ltd. (NASDAQ:MNDY) by 31.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,200 shares of the company’s stock after selling 1,000 shares during the quarter. Savoie Capital LLC’s holdings in monday.com were worth $530,000 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. Interval Partners LP purchased a new position in shares of monday.com in the 2nd quarter worth about $10,666,000. Tairen Capital Ltd raised its holdings in monday.com by 71.4% in the second quarter. Tairen Capital Ltd now owns 6,000 shares of the company’s stock valued at $1,445,000 after buying an additional 2,500 shares during the period. Bank of Montreal Can lifted its position in monday.com by 11.1% during the second quarter. Bank of Montreal Can now owns 14,601 shares of the company’s stock valued at $3,523,000 after buying an additional 1,464 shares in the last quarter. Public Sector Pension Investment Board grew its stake in monday.com by 34.6% during the second quarter. Public Sector Pension Investment Board now owns 15,461 shares of the company’s stock worth $3,722,000 after buying an additional 3,977 shares during the period. Finally, 1832 Asset Management L.P. increased its position in shares of monday.com by 34.4% in 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. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. KeyCorp reduced their target price on shares of monday.com from $280.00 to $270.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Tigress Financial upped their target price on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Barclays raised their target price on monday.com from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. DA Davidson upped their price target on monday.com from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. Finally, TD Cowen increased their price objective on shares of monday.com from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.79.

monday.com Stock Down 0.8 %

NASDAQ:MNDY opened at $277.93 on Tuesday. The company has a market cap of $13.42 billion, a PE ratio of 731.39, a P/E/G ratio of 12.23 and a beta of 1.32. The business’s 50 day moving average is $246.78 and its two-hundred day moving average is $227.53. monday.com Ltd. has a 52 week low of $122.13 and a 52 week high of $281.26.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. As a group, sell-side analysts expect that monday.com Ltd. will post 0.49 EPS for the current fiscal 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.