monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,956 shares of the company’s stock after selling 204 shares during the quarter. Captrust Financial Advisors’ holdings in monday.com were worth $1,932,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MNDY. Vanguard Group Inc. boosted its holdings in shares of monday.com by 12.9% during the first 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. Cetera Advisors LLC purchased a new position in shares of monday.com in the 1st quarter worth $264,000. Opal Wealth Advisors LLC purchased a new position in shares of monday.com in the 2nd quarter worth $69,000. SG Americas Securities LLC raised its position in shares of monday.com by 23.1% in the 2nd quarter. SG Americas Securities LLC now owns 46,378 shares of the company’s stock worth $11,166,000 after buying an additional 8,706 shares during the period. Finally, Park National Corp OH purchased a new position in shares of monday.com in the 2nd quarter worth $203,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Up 4.2 %

Shares of monday.com stock opened at $297.07 on Friday. The firm has a market cap of $14.34 billion, a P/E ratio of 724.56, a P/E/G ratio of 7.82 and a beta of 1.25. monday.com Ltd. has a fifty-two week low of $170.00 and a fifty-two week high of $324.99. The business has a 50-day moving average price of $284.75 and a 200 day moving average price of $256.39.

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

Analyst Ratings Changes

MNDY has been the topic of several research reports. DA Davidson reaffirmed a “neutral” rating and issued a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. The Goldman Sachs Group increased their target price on monday.com from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Citigroup raised their price objective on monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Canaccord Genuity Group boosted their price objective on monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays boosted their price objective on monday.com from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, monday.com currently has an average rating of “Moderate Buy” and an average price target of $310.81.

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.