Polen Capital Management LLC Has $11.71 Million Stake in monday.com Ltd. $MNDY

Polen Capital Management LLC trimmed its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 36.9% during the fourth quarter, HoldingsChannel reports. The fund owned 79,332 shares of the company’s stock after selling 46,479 shares during the period. Polen Capital Management LLC’s holdings in monday.com were worth $11,706,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its holdings in monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $47,000 after purchasing an additional 65 shares during the period. CoreCap Advisors LLC boosted its holdings in monday.com by 29.8% in the 4th quarter. CoreCap Advisors LLC now owns 388 shares of the company’s stock valued at $57,000 after purchasing an additional 89 shares during the period. Rafferty Asset Management LLC boosted its holdings in monday.com by 5.3% in the 3rd quarter. Rafferty Asset Management LLC now owns 1,802 shares of the company’s stock valued at $349,000 after purchasing an additional 91 shares during the period. NewEdge Advisors LLC boosted its holdings in monday.com by 2,120.0% in the 1st quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its holdings in monday.com by 4.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,523 shares of the company’s stock valued at $682,000 after purchasing an additional 138 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Citigroup cut their price objective on shares of monday.com from $176.00 to $154.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. TD Cowen boosted their price objective on shares of monday.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Barclays boosted their price objective on shares of monday.com from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Piper Sandler boosted their price objective on shares of monday.com from $85.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Canaccord Genuity Group cut their price objective on shares of monday.com from $140.00 to $115.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $126.48.

monday.com Trading Down 2.6%

Shares of NASDAQ:MNDY opened at $79.58 on Friday. The firm has a 50 day moving average of $73.38 and a 200-day moving average of $99.08. The stock has a market capitalization of $4.07 billion, a PE ratio of 34.60, a PEG ratio of 4.09 and a beta of 1.24. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $316.98.

monday.com (NASDAQ:MNDY) last issued its earnings results on Friday, March 13th. The company reported $1.15 EPS for the quarter. The company had revenue of $351.27 million during the quarter. monday.com had a net margin of 9.17% and a return on equity of 5.10%. On average, research analysts predict that monday.com Ltd. will post 1.59 EPS for the current fiscal year.

monday.com Company Profile

monday.com is a software-as-a-service (SaaS) company that provides a cloud-based Work Operating System (Work OS) designed to help teams plan, organize and track their work. The platform offers customizable workflows that support project management, task delegation, time tracking and collaboration across departments. monday.com’s visual interface enables users to create boards, automations and dashboards to centralize information and streamline processes without requiring extensive coding knowledge.

The company’s product portfolio includes monday Work OS, which can be adapted for use cases ranging from marketing campaign management and sales pipelines to software development sprints and human resources onboarding.