Counterpoint Mutual Funds LLC Trims Holdings in monday.com Ltd. (NASDAQ:MNDY)

Counterpoint Mutual Funds LLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 32.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,184 shares of the company’s stock after selling 566 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in monday.com were worth $279,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MNDY. CIBC Asset Management Inc grew its position in monday.com by 6.1% during the 3rd quarter. CIBC Asset Management Inc now owns 3,512 shares of the company’s stock valued at $976,000 after purchasing an additional 202 shares during the last quarter. Natixis Advisors LLC grew its position in monday.com by 11.9% during the 3rd quarter. Natixis Advisors LLC now owns 60,834 shares of the company’s stock valued at $16,898,000 after purchasing an additional 6,488 shares during the last quarter. Swiss National Bank grew its position in monday.com by 2.2% during the 3rd quarter. Swiss National Bank now owns 111,400 shares of the company’s stock valued at $30,944,000 after purchasing an additional 2,400 shares during the last quarter. Pathstone Holdings LLC grew its position in monday.com by 22.3% during the 3rd quarter. Pathstone Holdings LLC now owns 18,249 shares of the company’s stock valued at $5,069,000 after purchasing an additional 3,332 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in monday.com by 6.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,600 shares of the company’s stock valued at $2,111,000 after purchasing an additional 479 shares during the last quarter. 73.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MNDY. Loop Capital cut their price objective on shares of monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Tigress Financial raised their price target on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 21st. Canaccord Genuity Group raised their price target on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. DA Davidson raised shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a report on Monday. Finally, Scotiabank dropped their price target on shares of monday.com from $400.00 to $315.00 and set a “sector outperform” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $354.45.

monday.com Trading Down 3.2 %

NASDAQ MNDY opened at $257.23 on Wednesday. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The stock has a market cap of $12.42 billion, a price-to-earnings ratio of 428.72, a PEG ratio of 16.53 and a beta of 1.27. The company’s 50 day moving average is $267.18 and its two-hundred day moving average is $269.58.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. Sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

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.