Strs Ohio Sells 8,625 Shares of monday.com Ltd. $MNDY

Strs Ohio reduced its stake in monday.com Ltd. (NASDAQ:MNDY) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,388 shares of the company’s stock after selling 8,625 shares during the period. Strs Ohio owned approximately 0.06% of monday.com worth $5,498,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. NewEdge Advisors LLC grew its holdings in shares of monday.com by 2,120.0% during the first quarter. NewEdge Advisors LLC now owns 111 shares of the company’s stock valued at $27,000 after buying an additional 106 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of monday.com during the 2nd quarter valued at about $45,000. EverSource Wealth Advisors LLC lifted its stake in shares of monday.com by 76.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 150 shares of the company’s stock worth $47,000 after purchasing an additional 65 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of monday.com by 60.0% in the second quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $50,000 after buying an additional 60 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of monday.com by 219.6% in the second quarter. Allworth Financial LP now owns 163 shares of the company’s stock worth $51,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Stock Performance

Shares of MNDY stock opened at $130.06 on Tuesday. The stock has a fifty day simple moving average of $145.27 and a two-hundred day simple moving average of $185.44. The firm has a market capitalization of $6.60 billion, a PE ratio of 105.74, a PEG ratio of 2.97 and a beta of 1.26. monday.com Ltd. has a 52-week low of $123.45 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last released its quarterly earnings data on Monday, November 10th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.27. monday.com had a return on equity of 5.99% and a net margin of 5.58%.The firm had revenue of $316.86 million during the quarter, compared to analyst estimates of $312.26 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. On average, sell-side analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on MNDY shares. Bank of America decreased their price target on shares of monday.com from $205.00 to $195.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. decreased their target price on monday.com from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. DA Davidson lowered their target price on monday.com from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of monday.com in a research report on Thursday. Finally, Citigroup decreased their price objective on monday.com from $319.00 to $293.00 and set a “buy” rating on the stock in a research note on Tuesday, December 23rd. Twenty-one research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.61.

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.