monday.com Ltd. (NASDAQ:MNDY) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 5.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,804 shares of the company’s stock after selling 976 shares during the quarter. US Bancorp DE’s holdings in monday.com were worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MNDY. Stonebridge Financial Group LLC acquired a new stake in shares of monday.com during the fourth quarter worth $25,000. Arcadia Investment Management Corp MI acquired a new position in monday.com during the fourth quarter valued at $28,000. R Squared Ltd acquired a new position in monday.com during the fourth quarter valued at $33,000. Global Retirement Partners LLC lifted its position in monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after purchasing an additional 59 shares during the period. Finally, Cromwell Holdings LLC lifted its position in monday.com by 372.7% during the fourth quarter. Cromwell Holdings LLC now owns 156 shares of the company’s stock valued at $37,000 after purchasing an additional 123 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Up 1.3 %

MNDY opened at $280.20 on Thursday. The firm has a market capitalization of $13.53 billion, a PE ratio of 467.00, a PEG ratio of 16.53 and a beta of 1.31. The firm’s 50-day moving average price is $264.18 and its 200 day moving average price is $270.40. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. As a group, analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MNDY has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of monday.com from $325.00 to $360.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC lifted their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Monday, February 10th. Cantor Fitzgerald lifted their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Scotiabank boosted their target price on shares of monday.com from $300.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, monday.com currently has an average rating of “Moderate Buy” and a consensus target price of $358.32.

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.