monday.com Ltd. $MNDY Stock Holdings Lessened by Strs Ohio

Strs Ohio lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 37.7% in the first quarter, Holdings Channel.com reports. The fund owned 10,698 shares of the company’s stock after selling 6,474 shares during the quarter. Strs Ohio’s holdings in monday.com were worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MNDY. EverSource Wealth Advisors LLC raised its position in shares of monday.com by 76.5% during the second quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the period. CoreCap Advisors LLC boosted its position in shares of monday.com by 29.8% in the 4th quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after purchasing an additional 89 shares during the period. NewEdge Advisors LLC increased its stake in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in monday.com by 4.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock worth $682,000 after purchasing an additional 138 shares in the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in monday.com by 8.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 1,792 shares of the company’s stock worth $264,000 after purchasing an additional 140 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on MNDY. TD Cowen upped their price objective on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Oppenheimer set a $115.00 price target on shares of monday.com in a report on Monday, May 11th. UBS Group reduced their price target on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Jefferies Financial Group reaffirmed a “hold” rating on shares of monday.com in a research note on Tuesday, May 12th. Finally, Zacks Research cut shares of monday.com from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, monday.com has an average rating of “Moderate Buy” and an average price target of $126.48.

monday.com Price Performance

Shares of MNDY opened at $81.02 on Thursday. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 35.23, a P/E/G ratio of 4.21 and a beta of 1.26. monday.com Ltd. has a fifty-two week low of $57.50 and a fifty-two week high of $314.99. The business’s 50-day moving average is $76.84 and its 200-day moving average is $88.83.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.15 earnings per share (EPS) for the quarter. The business had revenue of $351.26 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. Equities research analysts expect that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

About monday.com

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.