LMR Partners LLP Sells 42,454 Shares of monday.com Ltd. (NASDAQ:MNDY)

LMR Partners LLP lessened its position in monday.com Ltd. (NASDAQ:MNDY) by 75.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,458 shares of the company’s stock after selling 42,454 shares during the period. LMR Partners LLP’s holdings in monday.com were worth $3,169,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Stonebridge Financial Group LLC purchased a new position in monday.com in the 4th quarter worth approximately $25,000. Arcadia Investment Management Corp MI bought a new stake in shares of monday.com in the 4th quarter worth $28,000. R Squared Ltd purchased a new position in shares of monday.com in the fourth quarter worth $33,000. Signaturefd LLC lifted its holdings in shares of monday.com by 157.1% during the fourth quarter. Signaturefd LLC now owns 144 shares of the company’s stock valued at $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of monday.com by 64.8% during the fourth quarter. Global Retirement Partners LLC now owns 150 shares of the company’s stock valued at $35,000 after buying an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Trading Up 0.3%

monday.com stock opened at $279.17 on Tuesday. monday.com Ltd. has a 12-month low of $180.66 and a 12-month high of $342.64. The firm has a market capitalization of $14.17 billion, a price-to-earnings ratio of 465.28, a P/E/G ratio of 16.53 and a beta of 1.32. The firm has a 50 day moving average of $255.67 and a 200 day moving average of $265.12.

monday.com (NASDAQ:MNDY) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. The firm had revenue of $282.25 million during the quarter, compared to analysts’ expectations of $275.93 million. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. On average, analysts predict that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MNDY. Canaccord Genuity Group upped their target price on shares of monday.com from $310.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price objective on shares of monday.com from $275.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 11th. Jefferies Financial Group cut their target price on shares of monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. lowered their price target on monday.com from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Finally, DA Davidson dropped their price target on monday.com from $350.00 to $290.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Three 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 currently has an average rating of “Moderate Buy” and an average price target of $342.86.

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.