monday.com Ltd. (NASDAQ:MNDY) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in monday.com Ltd. (NASDAQ:MNDY) by 23.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,967 shares of the company’s stock after selling 23,957 shares during the period. New York State Common Retirement Fund’s holdings in monday.com were worth $15,019,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of monday.com by 35.8% in the third quarter. Acadian Asset Management LLC now owns 1,137,850 shares of the company’s stock valued at $181,124,000 after acquiring an additional 300,011 shares in the last quarter. Jennison Associates LLC acquired a new stake in monday.com during the 4th quarter worth $131,086,000. Invesco Ltd. grew its holdings in shares of monday.com by 331.6% during the third quarter. Invesco Ltd. now owns 629,572 shares of the company’s stock worth $100,240,000 after buying an additional 483,709 shares in the last quarter. Polar Capital Holdings Plc lifted its stake in shares of monday.com by 53.0% in the third quarter. Polar Capital Holdings Plc now owns 431,738 shares of the company’s stock worth $68,741,000 after buying an additional 149,587 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in monday.com by 20.8% during the third quarter. Lord Abbett & CO. LLC now owns 322,793 shares of the company’s stock worth $51,396,000 after acquiring an additional 55,570 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MNDY shares. KeyCorp began coverage on shares of monday.com in a research note on Thursday, March 21st. They issued an “overweight” rating and a $275.00 target price on the stock. DA Davidson restated a “neutral” rating and issued a $190.00 target price on shares of monday.com in a report on Tuesday, February 13th. Piper Sandler reiterated an “overweight” rating and set a $250.00 price target on shares of monday.com in a report on Tuesday, February 13th. Oppenheimer upped their price objective on shares of monday.com from $220.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, February 13th. Finally, Canaccord Genuity Group reduced their target price on shares of monday.com from $250.00 to $220.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

monday.com Stock Up 1.3 %

NASDAQ MNDY opened at $192.80 on Tuesday. The stock has a 50-day moving average of $211.55 and a two-hundred day moving average of $190.57. monday.com Ltd. has a 1-year low of $108.35 and a 1-year high of $239.22.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 12th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.33. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The firm had revenue of $202.60 million during the quarter, compared to analysts’ expectations of $197.97 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. The business’s quarterly revenue was up 35.5% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com Ltd. will post -0.16 EPS 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.