monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Diversified Trust Co

Diversified Trust Co trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,194 shares of the company’s stock after selling 193 shares during the quarter. Diversified Trust Co’s holdings in monday.com were worth $752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its position in monday.com by 112.0% during the third 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 grew its position in 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 buying an additional 318,837 shares during the period. Allspring Global Investments Holdings LLC grew its position 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 buying an additional 313,279 shares during the period. Renaissance Technologies LLC grew its position in monday.com by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock worth $270,299,000 after buying an additional 188,800 shares during the period. Finally, 1832 Asset Management L.P. grew its position in monday.com by 34.4% during the second quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company’s stock worth $160,707,000 after buying an additional 170,800 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on MNDY shares. KeyCorp lowered shares of monday.com from an “overweight” rating to a “sector weight” rating in a research report on Friday, December 13th. Needham & Company LLC increased their price target on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Scotiabank initiated coverage on shares of monday.com in a research report on Tuesday, November 19th. They issued a “sector outperform” rating and a $325.00 price target on the stock. William Blair reiterated an “outperform” rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, Barclays increased their price target on shares of monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $312.85.

monday.com Stock Up 0.9 %

NASDAQ:MNDY opened at $227.38 on Friday. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $324.99. The firm’s 50 day moving average is $265.67 and its two-hundred day moving average is $259.54. The company has a market cap of $10.98 billion, a P/E ratio of 554.59, a P/E/G ratio of 7.61 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $246.17 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 49.5% compared to the same quarter last year. Research analysts forecast that monday.com Ltd. will post 0.85 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.