Atria Investments Inc Sells 693 Shares of monday.com Ltd. (NASDAQ:MNDY)

Atria Investments Inc decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 19.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,829 shares of the company’s stock after selling 693 shares during the quarter. Atria Investments Inc’s holdings in monday.com were worth $786,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its stake in shares of monday.com by 7.2% during the third quarter. Assetmark Inc. now owns 5,586 shares of the company’s stock valued at $1,552,000 after purchasing an additional 376 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of monday.com in the 3rd quarter worth approximately $758,000. BloombergSen Inc. grew its stake in shares of monday.com by 81.9% in the 3rd quarter. BloombergSen Inc. now owns 3,372 shares of the company’s stock worth $937,000 after buying an additional 1,518 shares during the last quarter. Principal Financial Group Inc. raised its stake in monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock valued at $14,807,000 after buying an additional 14,059 shares during the last quarter. Finally, WoodTrust Financial Corp bought a new stake in monday.com in the third quarter worth $215,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 2.8 %

Shares of NASDAQ MNDY opened at $255.46 on Tuesday. monday.com Ltd. has a 12-month low of $168.28 and a 12-month high of $324.99. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 623.07, a price-to-earnings-growth ratio of 12.26 and a beta of 1.31. The firm has a 50 day moving average of $280.74 and a 200 day moving average of $249.45.

monday.com (NASDAQ:MNDY) last issued 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 net margin of 2.39% and a return on equity of 4.99%. The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $246.17 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 49.5% compared to the same quarter last year. Sell-side analysts predict that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MNDY shares. Needham & Company LLC raised their price target on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Piper Sandler lifted their target price on shares of monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Wells Fargo & Company upped their target price on shares of monday.com from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Baird R W raised shares of monday.com to a “hold” rating in a research report on Tuesday, July 23rd. Finally, The Goldman Sachs Group increased their target price on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $310.10.

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.