Hamilton Lane Advisors LLC Sells 4,250 Shares of monday.com Ltd. (NASDAQ:MNDY)

Hamilton Lane Advisors LLC cut its position in shares of monday.com Ltd. (NASDAQ:MNDY) by 49.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,358 shares of the company’s stock after selling 4,250 shares during the period. monday.com comprises approximately 1.0% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Hamilton Lane Advisors LLC’s holdings in monday.com were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MNDY. China Universal Asset Management Co. Ltd. bought a new stake in shares of monday.com in the 3rd quarter worth about $1,667,000. International Assets Investment Management LLC purchased a new position in monday.com in the third quarter worth about $21,989,000. Taylor Frigon Capital Management LLC bought a new stake in monday.com during the third quarter worth approximately $1,311,000. Jennison Associates LLC raised its position in monday.com by 77.5% during the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after purchasing an additional 318,837 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of monday.com by 6.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after purchasing an additional 2,196 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of monday.com from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Robert W. Baird raised their price objective on shares of monday.com from $265.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Needham & Company LLC boosted their target price on monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Loop Capital reduced their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Six investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.85.

monday.com Price Performance

MNDY stock opened at $234.15 on Thursday. monday.com Ltd. has a 1-year low of $174.75 and a 1-year high of $324.99. The business has a 50-day moving average price of $260.86 and a 200 day moving average price of $259.67. The company has a market capitalization of $11.30 billion, a P/E ratio of 571.10, a PEG ratio of 7.61 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The company’s revenue was up 49.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts anticipate that monday.com Ltd. will post 0.85 earnings per share 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.