Strs Ohio Reduces Stock Holdings in monday.com Ltd. $MNDY

Strs Ohio cut its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 37.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,698 shares of the company’s stock after selling 6,474 shares during the period. Strs Ohio’s holdings in monday.com were worth $739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its position 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 worth $27,000 after purchasing an additional 106 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of monday.com in the third quarter worth about $28,000. Quarry LP purchased a new position in shares of monday.com during the 4th quarter valued at approximately $29,000. Abound Wealth Management bought a new stake in shares of monday.com in the fourth quarter worth $30,000. Finally, Huntington National Bank raised its holdings in monday.com by 6,040.0% in the fourth quarter. Huntington National Bank now owns 307 shares of the company’s stock valued at $45,000 after acquiring an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.

monday.com Price Performance

NASDAQ MNDY opened at $81.02 on Thursday. monday.com Ltd. has a 12 month low of $57.50 and a 12 month high of $314.99. The firm has a market capitalization of $4.14 billion, a PE ratio of 35.23, a P/E/G ratio of 4.21 and a beta of 1.26. The company’s 50 day simple moving average is $76.84 and its 200 day simple moving average is $88.83.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data on Friday, March 13th. The company reported $1.15 EPS for the quarter. monday.com had a return on equity of 5.10% and a net margin of 9.17%.The company had revenue of $351.26 million for the quarter. Sell-side analysts anticipate that monday.com Ltd. will post 1.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MNDY has been the topic of several research analyst reports. Tigress Financial reduced their price objective on monday.com to $165.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Canaccord Genuity Group dropped 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. Guggenheim set a $130.00 price target on shares of monday.com and gave the stock a “buy” rating in a research report on Thursday, April 9th. Oppenheimer set a $115.00 price target on shares of monday.com in a report on Monday, May 11th. Finally, Piper Sandler increased their price objective on shares of monday.com from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Seventeen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.48.

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.