monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Sei Investments Co.

Sei Investments Co. reduced its position in monday.com Ltd. (NASDAQ:MNDY) by 42.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 79,240 shares of the company’s stock after selling 59,305 shares during the quarter. Sei Investments Co. owned about 0.16% of monday.com worth $18,656,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its position in shares of monday.com by 24.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company’s stock valued at $1,593,000 after buying an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in monday.com in the 4th quarter valued at about $245,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in monday.com by 10.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company’s stock worth $29,009,000 after purchasing an additional 10,285 shares in the last quarter. Bailard Inc. lifted its stake in monday.com by 147.5% in the 4th quarter. Bailard Inc. now owns 7,055 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of monday.com by 3.4% during the 4th quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company’s stock worth $60,144,000 after purchasing an additional 8,329 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 3.3 %

NASDAQ:MNDY opened at $255.68 on Friday. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market cap of $12.98 billion, a PE ratio of 426.13, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The stock has a fifty day moving average price of $272.89 and a 200 day moving average price of $270.09.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. Equities analysts forecast that monday.com Ltd. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital reduced their price objective on monday.com from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. KeyCorp upgraded monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target on the stock in a report on Tuesday, February 11th. DA Davidson raised shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price objective for the company in a report on Monday, March 17th. Needham & Company LLC lifted their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, William Blair reiterated an “outperform” rating on shares of monday.com in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and an average target price of $354.45.

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.