Summit Trail Advisors LLC Has $11.87 Million Stock Position in monday.com Ltd. (NASDAQ:MNDY)

Summit Trail Advisors LLC trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,413 shares of the company’s stock after selling 1,994 shares during the period. monday.com makes up about 0.4% of Summit Trail Advisors LLC’s holdings, making the stock its 26th biggest position. Summit Trail Advisors LLC owned approximately 0.10% of monday.com worth $11,869,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Avior Wealth Management LLC raised its stake in shares of monday.com by 2.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,611 shares of the company’s stock worth $725,000 after purchasing an additional 67 shares in the last quarter. Northwest & Ethical Investments L.P. raised its position in monday.com by 18.2% during the third quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company’s stock valued at $181,000 after acquiring an additional 100 shares in the last quarter. Choreo LLC lifted its stake in monday.com by 3.8% in the fourth quarter. Choreo LLC now owns 3,005 shares of the company’s stock valued at $707,000 after acquiring an additional 111 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in monday.com by 74.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 274 shares of the company’s stock worth $64,000 after acquiring an additional 117 shares in the last quarter. Finally, Vestcor Inc increased its stake in shares of monday.com by 31.4% during the 3rd quarter. Vestcor Inc now owns 519 shares of the company’s stock worth $144,000 after purchasing an additional 124 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MNDY has been the topic of a number of recent research reports. Cantor Fitzgerald initiated coverage on shares of monday.com in a report on Friday, January 17th. They set an “overweight” rating and a $292.00 price target on the stock. Piper Sandler raised their price target on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a report on Monday. DA Davidson restated a “neutral” rating and set a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. KeyCorp downgraded shares of monday.com from an “overweight” rating to a “sector weight” rating in a report on Friday, December 13th. Finally, Citigroup upgraded shares of monday.com from a “neutral” rating to a “buy” rating and cut their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $314.77.

monday.com Stock Up 26.5 %

NASDAQ:MNDY opened at $326.58 on Tuesday. The firm has a market cap of $15.77 billion, a PE ratio of 796.54, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company’s 50-day moving average price is $250.37 and its two-hundred day moving average price is $262.04.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 2.39% and a return on equity of 4.99%. On average, research analysts expect that monday.com Ltd. will post 0.85 EPS for the current fiscal year.

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.