monday.com Ltd. $MNDY Shares Sold by Brown Capital Management LLC

Brown Capital Management LLC reduced its holdings in monday.com Ltd. (NASDAQ:MNDY) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 96,532 shares of the company’s stock after selling 5,484 shares during the quarter. Brown Capital Management LLC’s holdings in monday.com were worth $18,697,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of monday.com by 2,120.0% in the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in monday.com in the second quarter worth about $260,000. Truist Financial Corp grew its position in monday.com by 36.8% in the 2nd quarter. Truist Financial Corp now owns 4,759 shares of the company’s stock valued at $1,497,000 after buying an additional 1,280 shares in the last quarter. ASR Vermogensbeheer N.V. increased its stake in monday.com by 297.0% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 401 shares of the company’s stock valued at $126,000 after buying an additional 300 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in monday.com by 22.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,850 shares of the company’s stock valued at $4,356,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNDY. Bank of America dropped their target price on monday.com from $205.00 to $195.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. UBS Group dropped their price objective on monday.com from $200.00 to $140.00 and set a “neutral” rating on the stock in a research note on Monday. KeyCorp decreased their target price on monday.com from $270.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of monday.com in a report on Thursday, January 22nd. Finally, Citigroup cut their price target on shares of monday.com from $293.00 to $230.00 and set a “buy” rating for the company in a report on Monday. Twenty-one research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.22.

monday.com Stock Performance

monday.com stock opened at $112.89 on Tuesday. monday.com Ltd. has a 52 week low of $112.50 and a 52 week high of $342.64. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 91.78, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a 50 day moving average price of $142.38 and a 200 day moving average price of $179.51.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 10th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.27. The company had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The company’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Equities analysts forecast that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.