monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Sonnipe Ltd

Sonnipe Ltd decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,828,043 shares of the company’s stock after selling 65,818 shares during the period. monday.com comprises 99.5% of Sonnipe Ltd’s portfolio, making the stock its largest holding. Sonnipe Ltd owned 7.93% of monday.com worth $901,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its position in shares of monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock valued at $420,014,000 after acquiring an additional 798,791 shares during the period. SG Americas Securities LLC grew its holdings in monday.com by 1,024.7% in the 4th quarter. SG Americas Securities LLC now owns 476,392 shares of the company’s stock valued at $112,162,000 after buying an additional 434,035 shares during the period. Raymond James Financial Inc. acquired a new position in monday.com during the fourth quarter worth approximately $27,010,000. Jennison Associates LLC increased its holdings in shares of monday.com by 13.7% during the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after buying an additional 100,333 shares during the last quarter. Finally, Polen Capital Management LLC acquired a new stake in monday.com during the fourth quarter worth about $12,522,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of monday.com from $310.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and decreased their price target for the company from $302.00 to $298.00 in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price objective on monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company upped their target price on shares of monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price objective on the stock in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $354.45.

monday.com Stock Performance

Shares of MNDY opened at $276.52 on Tuesday. The firm has a market cap of $13.35 billion, a P/E ratio of 460.87, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The business has a 50-day moving average of $270.84 and a 200 day moving average of $269.98.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data 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 3.33% and a return on equity of 6.22%. As a group, research analysts predict that monday.com Ltd. will post 0.46 earnings per share 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.