Two Sigma Investments LP Reduces Holdings in monday.com Ltd. (NASDAQ:MNDY)

Two Sigma Investments LP trimmed its holdings in shares of monday.com Ltd. (NASDAQ:MNDY) by 72.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,781 shares of the company’s stock after selling 275,201 shares during the period. Two Sigma Investments LP owned about 0.22% of monday.com worth $25,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its stake in monday.com by 78.7% in the 4th quarter. FMR LLC now owns 2,701,952 shares of the company’s stock worth $636,147,000 after acquiring an additional 1,189,858 shares during the period. Jennison Associates LLC grew its stake in monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company’s stock worth $195,606,000 after acquiring an additional 100,333 shares during the period. CIBC Private Wealth Group LLC grew its stake in monday.com by 264.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company’s stock worth $126,407,000 after acquiring an additional 403,255 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in monday.com by 23.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company’s stock worth $117,708,000 after acquiring an additional 96,222 shares during the period. Finally, Norges Bank purchased a new stake in monday.com in the 4th quarter worth approximately $116,686,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Price Performance

Shares of MNDY stock opened at $291.90 on Thursday. monday.com Ltd. has a 12 month low of $188.01 and a 12 month high of $342.64. The firm has a market capitalization of $14.82 billion, a P/E ratio of 486.50, a P/E/G ratio of 16.53 and a beta of 1.32. The company’s fifty day moving average price is $262.13 and its two-hundred day moving average price is $265.33.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, May 12th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.40. monday.com had a net margin of 3.33% and a return on equity of 6.22%. The firm had revenue of $282.25 million for 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 firm’s revenue was up 30.2% compared to the same quarter last year. On average, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of monday.com from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Cantor Fitzgerald boosted their price objective on shares of monday.com from $292.00 to $380.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Jefferies Financial Group lowered their price objective on shares of monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of monday.com in a research note on Tuesday, May 13th. Finally, UBS Group lowered 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. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, monday.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $346.50.

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.