monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 67.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 159 shares of the company’s stock after selling 326 shares during the period. Farther Finance Advisors LLC’s holdings in monday.com were worth $44,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the third quarter worth $43,000. Ridgewood Investments LLC purchased a new position in monday.com in the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC boosted its holdings in monday.com by 72.9% in the second quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock valued at $58,000 after purchasing an additional 102 shares during the period. Opal Wealth Advisors LLC acquired a new position in monday.com during the 2nd quarter worth $69,000. Finally, Industrial Alliance Investment Management Inc. increased its holdings in monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Tigress Financial boosted their price objective on monday.com from $280.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Piper Sandler boosted their price target on shares of monday.com from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Monday. Baird R W upgraded shares of monday.com to a “hold” rating in a report on Tuesday, July 23rd. UBS Group lifted their price objective on shares of monday.com from $240.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Finally, DA Davidson reissued a “neutral” rating and issued a $300.00 target price on shares of monday.com in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.10.

monday.com Price Performance

Shares of monday.com stock opened at $268.90 on Friday. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 655.85, a PEG ratio of 12.15 and a beta of 1.31. The firm’s fifty day simple moving average is $280.09 and its 200-day simple moving average is $247.65. monday.com Ltd. has a 12 month low of $162.06 and a 12 month high of $324.99.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, November 11th. The company reported $0.85 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 5.15%. The business had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same period in the prior year, the company earned $0.15 earnings per share. The business’s revenue was up 49.5% compared to the same quarter last year. Analysts anticipate that monday.com Ltd. will post 0.5 earnings per share for the current year.

monday.com 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.