Aigen Investment Management LP Sells 232 Shares of monday.com Ltd. (NASDAQ:MNDY)

Aigen Investment Management LP decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,613 shares of the company’s stock after selling 232 shares during the period. Aigen Investment Management LP’s holdings in monday.com were worth $448,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the 3rd quarter worth approximately $43,000. Ridgewood Investments LLC bought a new position in shares of monday.com during the second quarter valued at $45,000. Gilliland Jeter Wealth Management LLC boosted its stake 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 valued at $58,000 after purchasing an additional 102 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of monday.com in the 2nd quarter worth about $69,000. Finally, Industrial Alliance Investment Management Inc. increased its position in shares of monday.com by 741.7% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 404 shares of the company’s stock worth $91,000 after purchasing an additional 356 shares in the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson restated a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research report on Tuesday. Capital One Financial started coverage on monday.com in a research report on Thursday, October 10th. They set an “overweight” rating and a $325.00 price target on the stock. Bank of America lifted their price objective on monday.com from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Loop Capital increased 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. Finally, Piper Sandler lifted their price target on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.10.

monday.com Trading Down 0.1 %

NASDAQ MNDY opened at $268.90 on Friday. monday.com Ltd. has a 12 month low of $162.06 and a 12 month high of $324.99. The stock has a 50-day simple moving average of $280.09 and a 200 day simple moving average of $247.65. The company has a market capitalization of $12.98 billion, a PE ratio of 655.85, a P/E/G ratio of 12.15 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 5.15% and a net margin of 2.39%. The company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. During the same period in the prior year, the business posted $0.15 EPS. monday.com’s revenue was up 49.5% on a year-over-year basis. As a group, sell-side analysts predict that monday.com Ltd. will post 0.5 earnings per share 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.