BW Gestao de Investimentos Ltda. Sells 13,819 Shares of monday.com Ltd. $MNDY

BW Gestao de Investimentos Ltda. lessened its holdings in monday.com Ltd. (NASDAQ:MNDY) by 42.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,701 shares of the company’s stock after selling 13,819 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in monday.com were worth $2,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors grew its holdings in shares of monday.com by 231.2% in the 3rd quarter. Capital World Investors now owns 1,717,263 shares of the company’s stock worth $332,617,000 after purchasing an additional 1,198,761 shares during the last quarter. Norges Bank bought a new stake in shares of monday.com in the 4th quarter worth about $79,789,000. SG Americas Securities LLC grew its holdings in shares of monday.com by 110.9% in the 4th quarter. SG Americas Securities LLC now owns 932,912 shares of the company’s stock worth $137,660,000 after purchasing an additional 490,491 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of monday.com by 294.0% in the 3rd quarter. Marshall Wace LLP now owns 405,995 shares of the company’s stock worth $78,637,000 after purchasing an additional 302,961 shares during the last quarter. Finally, Amundi grew its holdings in shares of monday.com by 104.2% in the 3rd quarter. Amundi now owns 511,498 shares of the company’s stock worth $96,499,000 after purchasing an additional 261,000 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Trading Down 4.1%

monday.com stock opened at $91.51 on Wednesday. monday.com Ltd. has a 1 year low of $57.50 and a 1 year high of $316.98. The company has a market cap of $4.68 billion, a PE ratio of 39.79, a PEG ratio of 4.78 and a beta of 1.24. The company’s 50-day moving average is $71.08 and its two-hundred day moving average is $102.93.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of monday.com from $93.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Wolfe Research reaffirmed an “outperform” rating and issued a $95.00 target price on shares of monday.com in a report on Monday, February 9th. Canaccord Genuity Group lowered their target price on shares of monday.com from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Tigress Financial lowered their target price on shares of monday.com to $165.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Finally, Barclays upped their target price on shares of monday.com from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Seventeen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.48.

monday.com 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.