Mount Yale Investment Advisors LLC Cuts Stake in monday.com Ltd. (NASDAQ:MNDY)

Mount Yale Investment Advisors LLC lessened its stake in monday.com Ltd. (NASDAQ:MNDY) by 5.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,376 shares of the company’s stock after selling 303 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in monday.com were worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of monday.com by 4.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,124 shares of the company’s stock valued at $271,000 after purchasing an additional 47 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of monday.com by 84.4% in the second quarter. Thrivent Financial for Lutherans now owns 9,952 shares of the company’s stock worth $2,396,000 after buying an additional 4,555 shares in the last quarter. Bank of Montreal Can boosted its stake in monday.com by 11.1% during the second quarter. Bank of Montreal Can now owns 14,601 shares of the company’s stock valued at $3,523,000 after buying an additional 1,464 shares during the last quarter. Toronto Dominion Bank purchased a new position in monday.com during the 2nd quarter valued at approximately $120,000. Finally, APG Asset Management N.V. increased its stake in monday.com by 290.7% in the 2nd quarter. APG Asset Management N.V. now owns 5,751 shares of the company’s stock worth $1,292,000 after acquiring an additional 4,279 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MNDY. Needham & Company LLC increased 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. Wells Fargo & Company lifted their price objective on shares of monday.com from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Oppenheimer boosted their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Capital One Financial began coverage on monday.com in a research report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target for the company. Finally, Canaccord Genuity Group upped their price objective on monday.com from $295.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, monday.com presently has a consensus rating of “Moderate Buy” and an average price target of $310.68.

monday.com Stock Down 0.9 %

Shares of NASDAQ MNDY opened at $245.97 on Tuesday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $324.99. The business has a fifty day simple moving average of $253.90 and a two-hundred day simple moving average of $259.97. The firm has a market cap of $11.87 billion, a PE ratio of 599.93, a price-to-earnings-growth ratio of 6.29 and a beta of 1.30.

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

About monday.com

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.