Dakota Wealth Management Trims Stake in monday.com Ltd. (NASDAQ:MNDY)

Dakota Wealth Management lessened its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,315 shares of the company’s stock after selling 139 shares during the quarter. Dakota Wealth Management’s holdings in monday.com were worth $643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MNDY. Baillie Gifford & Co. bought a new stake in monday.com during the 1st quarter valued at $76,534,000. Clearbridge Investments LLC boosted its position in monday.com by 2,851.5% during the 1st quarter. Clearbridge Investments LLC now owns 344,525 shares of the company’s stock valued at $77,818,000 after acquiring an additional 332,852 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after acquiring an additional 313,279 shares in the last quarter. Renaissance Technologies LLC boosted its position in monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after acquiring an additional 188,800 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in monday.com by 171.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock valued at $65,938,000 after acquiring an additional 172,919 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MNDY shares. Baird R W raised monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Canaccord Genuity Group raised their price objective on monday.com from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Tigress Financial lifted their price target on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Capital One Financial assumed coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target for the company. Finally, Robert W. Baird lifted their price target on monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $303.35.

monday.com Stock Up 0.8 %

Shares of NASDAQ MNDY opened at $299.61 on Monday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 788.45, a PEG ratio of 13.58 and a beta of 1.32. monday.com Ltd. has a 52-week low of $122.13 and a 52-week high of $302.57. The business’s 50 day moving average is $270.78 and its two-hundred day moving average is $237.93.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

About monday.com

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.