Equitable Trust Co. Sells 142 Shares of monday.com Ltd. (NASDAQ:MNDY)

Equitable Trust Co. lowered its position in monday.com Ltd. (NASDAQ:MNDY) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 10,761 shares of the company’s stock after selling 142 shares during the quarter. Equitable Trust Co.’s holdings in monday.com were worth $2,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BloombergSen Inc. grew its stake in monday.com by 81.9% in the third quarter. BloombergSen Inc. now owns 3,372 shares of the company’s stock worth $937,000 after purchasing an additional 1,518 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in monday.com by 35.8% during the third quarter. Principal Financial Group Inc. now owns 53,306 shares of the company’s stock worth $14,807,000 after buying an additional 14,059 shares during the period. WoodTrust Financial Corp purchased a new stake in monday.com during the third quarter worth $215,000. Jackson Square Capital LLC lifted its holdings in monday.com by 153.7% during the third quarter. Jackson Square Capital LLC now owns 15,955 shares of the company’s stock worth $4,432,000 after buying an additional 9,666 shares during the period. Finally, M&G PLC purchased a new stake in monday.com during the third quarter worth $9,921,000. Institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MNDY. Loop Capital upped their target price on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Robert W. Baird upped their target price on monday.com from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Tuesday, August 13th. The Goldman Sachs Group increased their price objective on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Oppenheimer increased their price objective on monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of monday.com in a report on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $306.10.

monday.com Trading Up 1.8 %

MNDY stock opened at $324.31 on Friday. monday.com Ltd. has a 12-month low of $133.50 and a 12-month high of $324.99. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 405.39, a PEG ratio of 14.83 and a beta of 1.31. The business’s 50-day moving average is $278.88 and its 200 day moving average is $245.39.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. As a group, equities analysts forecast that monday.com Ltd. will post 0.5 EPS for the current fiscal year.

About monday.com

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.