Sonnipe Ltd Reduces Holdings in monday.com Ltd. (NASDAQ:MNDY)

Sonnipe Ltd reduced its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 1.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,828,043 shares of the company’s stock after selling 65,818 shares during the quarter. monday.com accounts for about 99.5% of Sonnipe Ltd’s investment portfolio, making the stock its biggest holding. Sonnipe Ltd owned 0.08% of monday.com worth $901,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stonebridge Financial Group LLC bought a new stake in shares of monday.com during the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI purchased a new position in monday.com during the 4th quarter valued at approximately $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter valued at $33,000. Signaturefd LLC increased its holdings in shares of monday.com by 157.1% in the 4th quarter. Signaturefd LLC now owns 144 shares of the company’s stock worth $34,000 after buying an additional 88 shares during the last quarter. Finally, Global Retirement Partners LLC increased its stake in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MNDY shares. Citigroup raised shares of monday.com from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $302.00 to $298.00 in a research note on Thursday, January 16th. Wells Fargo & Company upped their price objective on monday.com from $340.00 to $380.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Loop Capital cut their price target on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. KeyCorp raised shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research report on Tuesday, February 11th. Finally, Tigress Financial raised their price target on shares of monday.com from $340.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $354.45.

monday.com Trading Up 4.2 %

Shares of monday.com stock opened at $276.52 on Tuesday. The firm’s 50-day moving average price is $270.84 and its 200 day moving average price is $269.98. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market capitalization of $13.35 billion, a PE ratio of 460.87, a P/E/G ratio of 16.53 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 EPS 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.