monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 17.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 515 shares of the company’s stock after selling 111 shares during the quarter. Advisors Asset Management Inc.’s holdings in monday.com were worth $143,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNDY. Renaissance Technologies LLC increased its position in monday.com by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after acquiring an additional 188,800 shares during the period. Jennison Associates LLC raised its stake in shares of monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares in the last quarter. 1832 Asset Management L.P. lifted its holdings in 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 purchasing an additional 170,800 shares during the period. Eminence Capital LP boosted its stake in monday.com by 1.4% during the second quarter. Eminence Capital LP now owns 470,717 shares of the company’s stock valued at $113,330,000 after buying an additional 6,349 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in monday.com by 431.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock worth $107,176,000 after acquiring an additional 313,279 shares during the period. Institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MNDY shares. Piper Sandler boosted their target price on shares of monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. TD Cowen raised their price objective on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Needham & Company LLC boosted their target price on monday.com from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Oppenheimer lifted their price target on monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $310.81.

monday.com Price Performance

Shares of MNDY opened at $285.36 on Friday. monday.com Ltd. has a one year low of $170.00 and a one year high of $324.99. The company has a market capitalization of $13.78 billion, a PE ratio of 696.00, a price-to-earnings-growth ratio of 8.00 and a beta of 1.31. The company’s fifty day moving average price is $284.25 and its 200 day moving average price is $253.77.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The company’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. Analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current year.

About monday.com

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.