monday.com Ltd. (NASDAQ:MNDY) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 32.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,498 shares of the company’s stock after selling 8,372 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in monday.com were worth $4,708,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. lifted its holdings in monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after acquiring an additional 41,840 shares during the last quarter. Norden Group LLC acquired a new stake in monday.com during the first quarter valued at approximately $840,000. Bessemer Group Inc. acquired a new position in monday.com in the first quarter worth approximately $1,314,000. Swiss National Bank increased its holdings in shares of monday.com by 4.1% in the first quarter. Swiss National Bank now owns 86,400 shares of the company’s stock valued at $19,515,000 after buying an additional 3,400 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC acquired a new stake in shares of monday.com during the 3rd quarter valued at $1,311,000. Institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ MNDY opened at $293.87 on Friday. monday.com Ltd. has a fifty-two week low of $125.00 and a fifty-two week high of $306.80. The stock’s 50-day moving average is $273.30 and its two-hundred day moving average is $240.19. The firm has a market cap of $14.19 billion, a P/E ratio of 367.34, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.23. monday.com had a return on equity of 4.74% and a net margin of 4.88%. The business had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. On average, equities analysts expect that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup boosted their target price on monday.com from $296.00 to $327.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group upped their price objective on shares of monday.com from $250.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Baird R W raised shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price target on shares of monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, Piper Sandler raised their price objective on shares of monday.com from $300.00 to $340.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $303.35.

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.