monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Consolidated Press International Holdings Ltd.

Consolidated Press International Holdings Ltd. lessened its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 4.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 44,204 shares of the company’s stock after selling 2,099 shares during the period. monday.com makes up approximately 1.9% of Consolidated Press International Holdings Ltd.’s holdings, making the stock its 4th largest position. Consolidated Press International Holdings Ltd. owned 0.09% of monday.com worth $12,279,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MNDY. Vanguard Group Inc. lifted its position in shares of monday.com by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 45,682 shares of the company’s stock worth $10,318,000 after purchasing an additional 5,229 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of monday.com during the 1st quarter worth about $203,000. California State Teachers Retirement System lifted its position in shares of monday.com by 13.8% during the 1st quarter. California State Teachers Retirement System now owns 25,320 shares of the company’s stock worth $5,719,000 after purchasing an additional 3,068 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of monday.com during the 1st quarter worth about $264,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of monday.com by 1,175.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,480 shares of the company’s stock worth $3,927,000 after purchasing an additional 16,109 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ MNDY opened at $285.36 on Friday. The stock’s 50 day simple moving average is $284.25 and its 200 day simple moving average is $253.77. monday.com Ltd. has a one year low of $170.00 and a one year high of $324.99. The firm has a market cap of $13.78 billion, a PE ratio of 696.00, a price-to-earnings-growth ratio of 8.00 and a beta of 1.31.

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

Analysts Set New Price Targets

Several equities analysts have commented on MNDY shares. Piper Sandler upped their price target on monday.com from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Barclays upped their price target on monday.com from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price target on monday.com from $300.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Capital One Financial started coverage on monday.com in a report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price target for the company. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, monday.com presently has an average rating of “Moderate Buy” and a consensus price target of $310.81.

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.