Blue Trust Inc. Decreases Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Blue Trust Inc. trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 50.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 319 shares of the company’s stock after selling 326 shares during the quarter. Blue Trust Inc.’s holdings in monday.com were worth $89,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Ridgewood Investments LLC bought a new position in monday.com during the 2nd quarter valued at about $45,000. Gilliland Jeter Wealth Management LLC grew its stake in shares of monday.com by 72.9% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after buying an additional 102 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of monday.com in the second quarter worth approximately $69,000. PNC Financial Services Group Inc. boosted its holdings in monday.com by 373.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 393 shares of the company’s stock valued at $74,000 after acquiring an additional 310 shares during the period. Finally, Industrial Alliance Investment Management Inc. grew its position in monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after acquiring an additional 356 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MNDY. JPMorgan Chase & Co. boosted their target price on shares of monday.com from $270.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Loop Capital upped their target price on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price target on shares of monday.com in a research note on Thursday, September 26th. UBS Group increased their price objective on monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.35.

monday.com Stock Up 1.7 %

Shares of NASDAQ:MNDY opened at $302.50 on Wednesday. The company has a market cap of $14.60 billion, a P/E ratio of 796.05, a P/E/G ratio of 13.58 and a beta of 1.32. The business has a fifty day simple moving average of $272.00 and a 200-day simple moving average of $239.39. monday.com Ltd. has a 52 week low of $125.00 and a 52 week high of $306.80.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.23. The business had revenue of $236.11 million during the quarter, compared to the consensus estimate of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Sell-side analysts expect that monday.com Ltd. will post 0.5 earnings per share for the current fiscal year.

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.