Hsbc Holdings PLC Has $2.29 Million Stake in monday.com Ltd. (NASDAQ:MNDY)

Hsbc Holdings PLC cut its holdings in monday.com Ltd. (NASDAQ:MNDY) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,615 shares of the company’s stock after selling 1,625 shares during the quarter. Hsbc Holdings PLC’s holdings in monday.com were worth $2,292,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sei Investments Co. lifted its position in monday.com by 63.9% in the 1st quarter. Sei Investments Co. now owns 107,331 shares of the company’s stock valued at $24,243,000 after acquiring an additional 41,840 shares in the last quarter. Norden Group LLC bought a new position in shares of monday.com during the first quarter worth about $840,000. Boulder Hill Capital Management LP bought a new position in shares of monday.com during the fourth quarter worth about $2,197,000. Bessemer Group Inc. acquired a new stake in monday.com in the 1st quarter valued at approximately $1,314,000. Finally, Toth Financial Advisory Corp bought a new stake in monday.com in the 1st quarter valued at approximately $782,000. 73.70% of the stock is owned by institutional investors.

monday.com Trading Down 2.7 %

Shares of NASDAQ MNDY opened at $273.09 on Friday. The firm has a market cap of $13.18 billion, a P/E ratio of 718.66, a price-to-earnings-growth ratio of 13.58 and a beta of 1.32. The business’s 50 day moving average is $249.60 and its 200-day moving average is $228.64. monday.com Ltd. has a 1-year low of $122.13 and a 1-year high of $285.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.23. The firm had revenue of $236.11 million for the quarter, compared to analysts’ expectations of $227.96 million. monday.com had a return on equity of 4.74% and a net margin of 4.88%. Analysts forecast that monday.com Ltd. will post 0.49 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of monday.com from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Wolfe Research assumed coverage on shares of monday.com in a research report on Tuesday, July 9th. They set an “outperform” rating and a $300.00 price target on the stock. UBS Group raised their price objective on monday.com from $240.00 to $280.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Barclays upped their target price on monday.com from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $300.00 price target (up previously from $270.00) on shares of monday.com in a research report on Monday, August 12th. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, monday.com presently has an average rating of “Moderate Buy” and a consensus target price of $294.84.

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.