Values First Advisors Inc. Sells 1,791 Shares of monday.com Ltd. (NASDAQ:MNDY)

Values First Advisors Inc. lessened its holdings in monday.com Ltd. (NASDAQ:MNDY) by 58.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,270 shares of the company’s stock after selling 1,791 shares during the quarter. Values First Advisors Inc.’s holdings in monday.com were worth $299,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in MNDY. Stonebridge Financial Group LLC purchased a new stake in shares of monday.com in the 4th quarter valued at about $25,000. R Squared Ltd bought a new position in shares of monday.com in the fourth quarter worth approximately $33,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of monday.com in the third quarter worth approximately $43,000. Spire Wealth Management purchased a new stake in monday.com in the fourth quarter valued at approximately $125,000. Finally, Vestcor Inc lifted its position in monday.com by 31.4% during the third quarter. Vestcor Inc now owns 519 shares of the company’s stock valued at $144,000 after purchasing an additional 124 shares during the last quarter. Institutional investors own 73.70% of the company’s stock.

monday.com Stock Down 3.1 %

Shares of monday.com stock opened at $317.73 on Thursday. The company’s fifty day simple moving average is $251.81 and its two-hundred day simple moving average is $263.06. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The firm has a market cap of $15.34 billion, a PE ratio of 774.95, a price-to-earnings-growth ratio of 7.67 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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, sell-side analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MNDY. Cantor Fitzgerald increased their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an “overweight” rating in a report on Tuesday. KeyCorp raised monday.com from a “sector weight” rating to an “overweight” rating and set a $420.00 target price on the stock in a research note on Tuesday. Needham & Company LLC lifted their price target on monday.com from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on monday.com from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on monday.com from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.32.

monday.com 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.