Harbor Capital Advisors Inc. Reduces Position in monday.com Ltd. (NASDAQ:MNDY)

Harbor Capital Advisors Inc. decreased its holdings in monday.com Ltd. (NASDAQ:MNDYFree Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,859 shares of the company’s stock after selling 1,171 shares during the period. Harbor Capital Advisors Inc.’s holdings in monday.com were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MNDY. FMR LLC boosted its holdings in monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after buying an additional 798,791 shares during the period. Jennison Associates LLC lifted its position 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 worth $202,905,000 after acquiring an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of monday.com by 431.7% in 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. 1832 Asset Management L.P. grew 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 valued at $160,707,000 after purchasing an additional 170,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of monday.com during the 2nd quarter valued at $28,747,000. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

MNDY stock opened at $220.16 on Wednesday. The firm has a market cap of $10.63 billion, a P/E ratio of 536.98, a P/E/G ratio of 7.61 and a beta of 1.30. The firm’s fifty day moving average is $260.86 and its 200 day moving average is $259.67. monday.com Ltd. has a 52 week low of $174.75 and a 52 week high of $324.99.

monday.com (NASDAQ:MNDYGet Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm 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 quarterly revenue was up 49.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, analysts forecast that monday.com Ltd. will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MNDY shares. Citigroup cut their target price on monday.com from $338.00 to $302.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Scotiabank started coverage on shares of monday.com in a research note on Tuesday, November 19th. They set a “sector outperform” rating and a $325.00 price objective for the company. DA Davidson reiterated a “neutral” rating and issued a $300.00 target price on shares of monday.com in a research note on Tuesday, November 12th. Loop Capital reduced their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, TD Cowen increased their price objective on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Six research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $312.85.

Check Out Our Latest Report on MNDY

About monday.com

(Free Report)

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.

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Institutional Ownership by Quarter for monday.com (NASDAQ:MNDY)

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