Equitable Trust Co. Has $2.49 Million Holdings in monday.com Ltd. (NASDAQ:MNDY)

Equitable Trust Co. cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,566 shares of the company’s stock after selling 195 shares during the period. Equitable Trust Co.’s holdings in monday.com were worth $2,488,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. acquired a new stake in monday.com during the third quarter worth approximately $1,667,000. International Assets Investment Management LLC acquired a new stake in shares of monday.com in the third quarter valued at approximately $21,989,000. Taylor Frigon Capital Management LLC acquired a new stake in shares of monday.com in the third quarter valued at approximately $1,311,000. Jennison Associates LLC raised its position in shares of monday.com by 77.5% in the third quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock valued at $202,905,000 after buying an additional 318,837 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of monday.com by 6.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 36,572 shares of the company’s stock valued at $10,159,000 after buying an additional 2,196 shares in the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Up 26.5 %

Shares of monday.com stock opened at $326.58 on Tuesday. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 796.54, a P/E/G ratio of 7.67 and a beta of 1.31. The company’s fifty day moving average is $250.37 and its 200 day moving average is $262.04.

monday.com (NASDAQ:MNDY) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a return on equity of 4.99% and a net margin of 2.39%. As a group, equities analysts anticipate that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

MNDY has been the subject of a number of analyst reports. Robert W. Baird lifted their price target on shares of monday.com from $270.00 to $275.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. DA Davidson reiterated a “neutral” rating and issued a $300.00 price target on shares of monday.com in a research report on Tuesday, November 12th. Cantor Fitzgerald started coverage on shares of monday.com in a research report on Friday, January 17th. They issued an “overweight” rating and a $292.00 price target for the company. Jefferies Financial Group decreased their price objective on shares of monday.com from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Oppenheimer lifted their price objective on shares of monday.com from $275.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $314.77.

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.