Lisanti Capital Growth LLC Sells 3,175 Shares of monday.com Ltd. (NASDAQ:MNDY)

Lisanti Capital Growth LLC decreased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 35.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,840 shares of the company’s stock after selling 3,175 shares during the period. Lisanti Capital Growth LLC’s holdings in monday.com were worth $1,097,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James & Associates lifted its holdings in shares of monday.com by 55.2% during the 4th quarter. Raymond James & Associates now owns 12,525 shares of the company’s stock valued at $2,352,000 after buying an additional 4,457 shares during the period. International Assets Investment Management LLC bought a new stake in shares of monday.com during the 4th quarter valued at about $25,925,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of monday.com by 19.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,864 shares of the company’s stock valued at $8,989,000 after purchasing an additional 7,955 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in monday.com by 58.0% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 156,609 shares of the company’s stock valued at $29,413,000 after buying an additional 57,500 shares during the last quarter. Finally, Andar Capital Management HK Ltd bought a new stake in shares of monday.com during the 4th quarter valued at $3,005,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group lowered their target price on monday.com from $250.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Tigress Financial boosted their price objective on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. KeyCorp assumed coverage on shares of monday.com in a report on Thursday, March 21st. They issued an “overweight” rating and a $275.00 target price for the company. DA Davidson reaffirmed a “neutral” rating and set a $190.00 price target on shares of monday.com in a report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of monday.com from $230.00 to $270.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

monday.com Stock Performance

Shares of MNDY traded down $4.17 during mid-day trading on Tuesday, hitting $190.37. 466,851 shares of the stock were exchanged, compared to its average volume of 794,964. The firm has a 50-day moving average of $209.34 and a two-hundred day moving average of $192.25. monday.com Ltd. has a 52-week low of $117.80 and a 52-week high of $239.22. The company has a market cap of $9.19 billion, a PE ratio of -2,758.46 and a beta of 1.24.

monday.com (NASDAQ:MNDY) last announced its earnings results on Monday, February 12th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.33. The firm had revenue of $202.60 million for the quarter, compared to analysts’ expectations of $197.97 million. monday.com had a negative net margin of 0.26% and a negative return on equity of 0.43%. The business’s revenue was up 35.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.03) EPS. On average, sell-side analysts predict 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.