monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. reduced its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,730 shares of the company’s stock after selling 6,796 shares during the quarter. Baillie Gifford & Co. owned about 0.67% of monday.com worth $89,367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MNDY. Entropy Technologies LP purchased a new stake in monday.com in the third quarter valued at approximately $349,000. Venturi Wealth Management LLC grew its position in monday.com by 83.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,000 shares of the company’s stock worth $278,000 after purchasing an additional 456 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in monday.com by 12.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 15,691 shares of the company’s stock valued at $4,358,000 after purchasing an additional 1,700 shares during the period. Assetmark Inc. boosted its stake in shares of monday.com by 7.2% during the third quarter. Assetmark Inc. now owns 5,586 shares of the company’s stock worth $1,552,000 after buying an additional 376 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in monday.com in the 3rd quarter valued at about $758,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Down 5.3 %

NASDAQ MNDY opened at $260.59 on Wednesday. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 635.59, a price-to-earnings-growth ratio of 12.91 and a beta of 1.31. monday.com Ltd. has a fifty-two week low of $150.10 and a fifty-two week high of $324.99. The business has a fifty day moving average of $279.27 and a 200-day moving average of $247.35.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.24. The company had revenue of $251.00 million for 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 5.15%. The firm’s quarterly revenue was up 49.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, analysts anticipate that monday.com Ltd. will post 0.5 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on MNDY shares. UBS Group lifted their target price on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Loop Capital raised their target price on shares of monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Bank of America increased their price target on shares of monday.com from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, August 13th. Baird R W raised monday.com to a “hold” rating in a report on Tuesday, July 23rd. Finally, TD Cowen lifted their price target on monday.com from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $310.10.

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.