monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its position in monday.com Ltd. (NASDAQ:MNDY) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,549 shares of the company’s stock after selling 11,713 shares during the period. Assenagon Asset Management S.A.’s holdings in monday.com were worth $12,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MNDY. Oppenheimer Asset Management Inc. boosted its position in monday.com by 4.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,065 shares of the company’s stock worth $497,000 after purchasing an additional 91 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in monday.com by 4.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock worth $271,000 after buying an additional 47 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in monday.com by 12.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,602 shares of the company’s stock worth $626,000 after purchasing an additional 286 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in shares of monday.com by 43.1% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 7,300 shares of the company’s stock worth $1,758,000 after buying an additional 2,200 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of monday.com by 5.8% in the 2nd quarter. Sei Investments Co. now owns 113,503 shares of the company’s stock valued at $27,327,000 after purchasing an additional 6,172 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

monday.com stock opened at $242.05 on Friday. The firm’s 50 day moving average price is $256.02 and its two-hundred day moving average price is $259.53. The firm has a market cap of $11.69 billion, a PE ratio of 590.37, a P/E/G ratio of 5.41 and a beta of 1.30. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $324.99.

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, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same quarter last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was up 49.5% on a year-over-year basis. Equities analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. William Blair restated an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Capital One Financial initiated coverage on shares of monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target for the company. Loop Capital dropped their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Oppenheimer increased 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. Finally, Canaccord Genuity Group increased their price target on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.48.

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.