monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in monday.com Ltd. (NASDAQ:MNDY) by 2.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,360 shares of the company’s stock after selling 70 shares during the period. Mackenzie Financial Corp’s holdings in monday.com were worth $574,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MNDY. American Century Companies Inc. lifted its stake in monday.com by 5.7% during the fourth quarter. American Century Companies Inc. now owns 2,622 shares of the company’s stock valued at $617,000 after purchasing an additional 141 shares during the last quarter. LPL Financial LLC increased its holdings in shares of monday.com by 10.2% in the fourth quarter. LPL Financial LLC now owns 17,405 shares of the company’s stock valued at $4,098,000 after buying an additional 1,605 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of monday.com by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 69,888 shares of the company’s stock valued at $16,454,000 after acquiring an additional 1,426 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of monday.com by 19.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,289 shares of the company’s stock valued at $303,000 after acquiring an additional 214 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of monday.com by 49.2% during the 4th quarter. Wellington Management Group LLP now owns 41,959 shares of the company’s stock worth $9,879,000 after acquiring an additional 13,827 shares in the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY stock opened at $258.72 on Thursday. monday.com Ltd. has a 52-week low of $202.01 and a 52-week high of $342.64. The firm’s 50 day moving average price is $291.57 and its two-hundred day moving average price is $276.98. The stock has a market cap of $13.14 billion, a PE ratio of 264.00, a PEG ratio of 90.45 and a beta of 1.27.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings results on Monday, May 12th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.40. The business had revenue of $282.25 million for the quarter, compared to the consensus estimate of $275.93 million. monday.com had a net margin of 5.08% and a return on equity of 7.87%. monday.com’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. 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 Analyst Weigh In

A number of analysts have commented on the stock. UBS Group reduced their price objective on shares of monday.com from $350.00 to $310.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Robert W. Baird set a $310.00 price target on shares of monday.com and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group decreased their price objective on shares of monday.com from $375.00 to $350.00 and set a “buy” rating for the company in a research note on Tuesday, May 13th. Loop Capital reduced their target price on monday.com from $385.00 to $375.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen cut monday.com from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, monday.com presently has an average rating of “Moderate Buy” and an average target price of $348.09.

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.