monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 0.8% in the 3rd quarter, Holdings Channel reports. The fund owned 79,083 shares of the company’s stock after selling 601 shares during the quarter. monday.com accounts for 10.6% of Whetstone Capital Advisors LLC’s holdings, making the stock its 2nd largest holding. Whetstone Capital Advisors LLC’s holdings in monday.com were worth $21,967,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MNDY. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of monday.com during the 3rd quarter worth about $43,000. Ridgewood Investments LLC purchased a new stake in shares of monday.com in the 2nd quarter valued at approximately $45,000. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of monday.com by 72.9% in the 2nd quarter. Gilliland Jeter Wealth Management LLC now owns 242 shares of the company’s stock worth $58,000 after acquiring an additional 102 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of monday.com during the 2nd quarter worth approximately $69,000. Finally, Industrial Alliance Investment Management Inc. increased its holdings in monday.com by 741.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock valued at $91,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MNDY shares. TD Cowen raised their price target on monday.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Robert W. Baird lifted their target price on monday.com from $265.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Oppenheimer increased their price target on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. UBS Group lifted their price objective on shares of monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, Canaccord Genuity Group increased their target price on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, seventeen 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 stock has an average rating of “Moderate Buy” and an average target price of $310.81.

monday.com Stock Performance

MNDY stock opened at $292.00 on Monday. monday.com Ltd. has a one year low of $170.00 and a one year high of $324.99. The stock has a market capitalization of $14.10 billion, a P/E ratio of 694.12, a PEG ratio of 7.93 and a beta of 1.31. The company has a 50 day moving average price of $282.14 and a two-hundred day moving average price of $251.71.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The firm’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Research analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current fiscal 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.