monday.com Ltd. (NASDAQ:MNDY) Shares Sold by Insight Holdings Group LLC

Insight Holdings Group LLC cut its position in monday.com Ltd. (NASDAQ:MNDY) by 65.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,617,264 shares of the company’s stock after selling 3,000,000 shares during the quarter. monday.com accounts for 7.3% of Insight Holdings Group LLC’s holdings, making the stock its 4th largest holding. Insight Holdings Group LLC’s holdings in monday.com were worth $303,738,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Desjardins Global Asset Management Inc. boosted its holdings in monday.com by 222.0% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 132 shares of the company’s stock valued at $25,000 after purchasing an additional 91 shares during the period. Crewe Advisors LLC lifted its holdings in monday.com by 44.9% during the 3rd quarter. Crewe Advisors LLC now owns 229 shares of the company’s stock worth $36,000 after buying an additional 71 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in monday.com by 2.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,044 shares of the company’s stock worth $65,000 after buying an additional 691 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in monday.com during the 3rd quarter worth about $118,000. Finally, DekaBank Deutsche Girozentrale lifted its holdings in monday.com by 21.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 834 shares of the company’s stock worth $131,000 after buying an additional 145 shares during the last quarter. 73.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MNDY shares. JPMorgan Chase & Co. lifted their price target on monday.com from $230.00 to $270.00 and gave the stock an “overweight” rating in a report on Monday, March 25th. Wells Fargo & Company boosted their target price on monday.com from $260.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, May 16th. Tigress Financial boosted their target price on monday.com from $240.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Canaccord Genuity Group boosted their target price on monday.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Finally, Piper Sandler restated an “overweight” rating and issued a $270.00 price target (up previously from $250.00) on shares of monday.com in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.50.

monday.com Trading Down 0.5 %

Shares of monday.com stock traded down $1.22 during trading hours on Friday, reaching $243.50. 695,112 shares of the company’s stock were exchanged, compared to its average volume of 1,216,089. monday.com Ltd. has a 52-week low of $122.13 and a 52-week high of $249.00. The firm has a market capitalization of $11.76 billion, a price-to-earnings ratio of 640.79 and a beta of 1.24. The company has a fifty day moving average of $207.00 and a 200-day moving average of $199.82.

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.