Park Avenue Securities LLC Sells 50 Shares of monday.com Ltd. (NASDAQ:MNDY)

Park Avenue Securities LLC lessened its stake in monday.com Ltd. (NASDAQ:MNDY) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 973 shares of the company’s stock after selling 50 shares during the quarter. Park Avenue Securities LLC’s holdings in monday.com were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Clearbridge Investments LLC raised its holdings in shares of monday.com by 0.3% in the 4th quarter. Clearbridge Investments LLC now owns 13,501 shares of the company’s stock worth $3,179,000 after purchasing an additional 44 shares during the period. Prudential Financial Inc. grew its stake in monday.com by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 4,122 shares of the company’s stock valued at $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC grew its stake in monday.com by 64.8% in the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares in the last quarter. Venturi Wealth Management LLC grew its stake in monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company’s stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc grew its stake in monday.com by 16.0% in the 4th quarter. Vestcor Inc now owns 602 shares of the company’s stock valued at $142,000 after buying an additional 83 shares in the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 3.4%

monday.com stock opened at $289.53 on Tuesday. monday.com Ltd. has a 12-month low of $188.01 and a 12-month high of $342.64. The firm has a 50-day moving average price of $279.09 and a 200-day moving average price of $266.91. The firm has a market capitalization of $14.70 billion, a PE ratio of 482.55, a price-to-earnings-growth ratio of 16.53 and a beta of 1.30.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings results on Monday, May 12th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $275.93 million. During the same quarter in the previous year, the business posted $0.61 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. As a group, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MNDY shares. Scotiabank lifted their price objective on shares of monday.com from $315.00 to $330.00 and gave the company a “sector outperform” rating in a research note on Friday, May 2nd. Canaccord Genuity Group reduced their price target on shares of monday.com from $375.00 to $350.00 and set a “buy” rating for the company in a research report on Tuesday, May 13th. Tigress Financial boosted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. reduced their price target on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, DA Davidson reduced their price target on shares of monday.com from $350.00 to $290.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $347.86.

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.