monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in monday.com Ltd. (NASDAQ:MNDY) by 67.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 159 shares of the company’s stock after selling 326 shares during the quarter. Farther Finance Advisors LLC’s holdings in monday.com were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com during the 3rd quarter worth approximately $43,000. Ridgewood Investments LLC purchased a new position in monday.com during the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in 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 purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of monday.com in the second quarter valued at about $69,000. Finally, Industrial Alliance Investment Management Inc. increased its stake in shares of monday.com by 741.7% during the first quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY stock opened at $268.90 on Friday. monday.com Ltd. has a one year low of $162.06 and a one year high of $324.99. The firm’s 50 day moving average price is $280.09 and its 200-day moving average price is $247.65. The firm has a market cap of $12.98 billion, a P/E ratio of 655.85, a P/E/G ratio of 12.15 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 5.15% and a net margin of 2.39%. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue was up 49.5% compared to the same quarter last year. As a group, research analysts predict that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the subject of several research reports. Wells Fargo & Company boosted their price objective on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Oppenheimer boosted their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Tigress Financial upped their price target on monday.com from $280.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Loop Capital lifted their price objective on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, TD Cowen upped their target price on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $310.10.

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.