Chicago Capital LLC Sells 285 Shares of monday.com Ltd. (NASDAQ:MNDY)

Chicago Capital LLC cut its stake in monday.com Ltd. (NASDAQ:MNDY) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,510 shares of the company’s stock after selling 285 shares during the period. Chicago Capital LLC’s holdings in monday.com were worth $356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its position in monday.com by 19.6% in the second quarter. The Manufacturers Life Insurance Company now owns 12,355 shares of the company’s stock worth $2,975,000 after purchasing an additional 2,023 shares during the period. Truist Financial Corp lifted its holdings in shares of monday.com by 4.1% during the 2nd quarter. Truist Financial Corp now owns 4,993 shares of the company’s stock worth $1,202,000 after acquiring an additional 195 shares during the period. Sanctuary Advisors LLC bought a new stake in monday.com in the second quarter valued at about $285,000. Diversified Trust Co raised its position in monday.com by 12.0% in the third quarter. Diversified Trust Co now owns 3,387 shares of the company’s stock worth $941,000 after purchasing an additional 364 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in monday.com by 104.7% during the third quarter. Fulton Bank N.A. now owns 3,027 shares of the company’s stock worth $841,000 after purchasing an additional 1,548 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. William Blair reissued an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Jefferies Financial Group reduced their price target on shares of monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Needham & Company LLC lifted their target price on shares of monday.com from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Loop Capital decreased their price target on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Scotiabank reduced their price objective on monday.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $310.68.

monday.com Price Performance

Shares of monday.com stock opened at $248.33 on Tuesday. The company’s 50 day moving average price is $251.63 and its two-hundred day moving average price is $260.66. The firm has a market capitalization of $11.99 billion, a P/E ratio of 605.68, a P/E/G ratio of 7.12 and a beta of 1.31. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $324.99.

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