Central Pacific Bank Trust Division Cuts Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Central Pacific Bank Trust Division cut its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,649 shares of the company’s stock after selling 249 shares during the period. Central Pacific Bank Trust Division’s holdings in monday.com were worth $624,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MNDY. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of monday.com during the 3rd quarter worth about $43,000. Toronto Dominion Bank purchased a new position in monday.com during the second quarter worth approximately $120,000. Vestcor Inc increased its position in shares of monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of monday.com by 645.7% during the 3rd quarter. Larson Financial Group LLC now owns 604 shares of the company’s stock worth $168,000 after buying an additional 523 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analysts Set New Price Targets

MNDY has been the subject of a number of research analyst reports. Capital One Financial began coverage on shares of monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price objective for the company. KeyCorp downgraded shares of monday.com from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. Loop Capital lowered their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Canaccord Genuity Group increased their target price on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lifted their price target on monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $309.14.

monday.com Stock Up 1.8 %

NASDAQ:MNDY opened at $235.25 on Friday. The company has a market capitalization of $11.36 billion, a P/E ratio of 573.78, a P/E/G ratio of 7.61 and a beta of 1.25. monday.com Ltd. has a 52 week low of $170.00 and a 52 week high of $324.99. The stock’s fifty day moving average is $271.21 and its two-hundred day moving average is $259.37.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. monday.com’s revenue for the quarter was up 49.5% compared to the same quarter last year. Sell-side analysts anticipate that monday.com Ltd. will post 0.85 earnings per share 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.