monday.com Ltd. $MNDY Shares Sold by Panagora Asset Management Inc.

Panagora Asset Management Inc. trimmed its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 74.5% in the second quarter, Holdings Channel.com reports. The firm owned 2,084 shares of the company’s stock after selling 6,083 shares during the period. Panagora Asset Management Inc.’s holdings in monday.com were worth $655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its holdings in monday.com by 7.5% in the 2nd quarter. Spire Wealth Management now owns 615 shares of the company’s stock worth $193,000 after buying an additional 43 shares in the last quarter. CWM LLC increased its position in shares of monday.com by 31.3% during the second quarter. CWM LLC now owns 210 shares of the company’s stock worth $66,000 after acquiring an additional 50 shares during the last quarter. Dakota Wealth Management lifted its stake in shares of monday.com by 3.0% in the second quarter. Dakota Wealth Management now owns 1,793 shares of the company’s stock worth $564,000 after acquiring an additional 52 shares in the last quarter. Chicago Capital LLC lifted its stake in shares of monday.com by 3.6% in the second quarter. Chicago Capital LLC now owns 1,580 shares of the company’s stock worth $497,000 after acquiring an additional 55 shares in the last quarter. Finally, RFG Advisory LLC boosted its holdings in monday.com by 2.9% in the second quarter. RFG Advisory LLC now owns 1,958 shares of the company’s stock valued at $616,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Up 1.4%

Shares of NASDAQ:MNDY opened at $156.94 on Friday. The company has a market cap of $7.97 billion, a PE ratio of 127.59, a P/E/G ratio of 6.20 and a beta of 1.27. monday.com Ltd. has a fifty-two week low of $141.20 and a fifty-two week high of $342.64. The firm has a 50-day simple moving average of $175.09 and a 200 day simple moving average of $225.18.

monday.com (NASDAQ:MNDY) last issued its earnings results on Monday, November 10th. The company reported $1.16 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 the consensus estimate of $312.26 million. monday.com had a return on equity of 5.99% and a net margin of 5.58%.monday.com’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 earnings per share. As a group, research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MNDY. Zacks Research raised monday.com from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. The Goldman Sachs Group decreased their price objective on shares of monday.com from $350.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, August 13th. Cowen restated a “buy” rating on shares of monday.com in a research note on Tuesday, August 12th. Bank of America reduced their price target on shares of monday.com from $205.00 to $195.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company lowered their price objective on monday.com from $260.00 to $200.00 and set an “overweight” rating for the company in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and an average price target of $269.27.

monday.com Company 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.