Counterpoint Mutual Funds LLC Cuts Holdings in monday.com Ltd. (NASDAQ:MNDY)

Counterpoint Mutual Funds LLC lessened its stake in monday.com Ltd. (NASDAQ:MNDY) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,184 shares of the company’s stock after selling 566 shares during the period. Counterpoint Mutual Funds LLC’s holdings in monday.com were worth $279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. FMR LLC grew its stake in monday.com by 112.0% in the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after buying an additional 798,791 shares in the last quarter. 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 buying an additional 100,333 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of monday.com by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 600,379 shares of the company’s stock valued at $166,767,000 after purchasing an additional 14,304 shares in the last quarter. State Street Corp boosted its stake in shares of monday.com by 3.8% in the 3rd quarter. State Street Corp now owns 587,879 shares of the company’s stock valued at $163,295,000 after purchasing an additional 21,585 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of monday.com by 2.9% in the 3rd quarter. Two Sigma Advisers LP now owns 540,300 shares of the company’s stock valued at $150,079,000 after purchasing an additional 15,300 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MNDY shares. Piper Sandler upped their price objective on shares of monday.com from $345.00 to $385.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Tigress Financial upped their price objective on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, February 21st. William Blair reaffirmed an “outperform” rating on shares of monday.com in a research note on Wednesday, December 18th. Finally, KeyCorp upgraded shares of monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 price target for the company in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $354.45.

monday.com Trading Down 3.2 %

Shares of NASDAQ MNDY opened at $257.23 on Wednesday. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a market capitalization of $12.42 billion, a PE ratio of 428.72, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. The firm has a fifty day simple moving average of $267.18 and a two-hundred day simple moving average of $269.58.

monday.com (NASDAQ:MNDY) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). monday.com had a return on equity of 6.22% and a net margin of 3.33%. On average, sell-side analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.

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.