California Public Employees Retirement System Sells 4,827 Shares of monday.com Ltd. (NASDAQ:MNDY)

California Public Employees Retirement System decreased its stake in shares of monday.com Ltd. (NASDAQ:MNDY) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 64,537 shares of the company’s stock after selling 4,827 shares during the quarter. California Public Employees Retirement System’s holdings in monday.com were worth $15,195,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of monday.com by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company’s stock valued at $6,677,000 after purchasing an additional 1,353 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in monday.com by 8.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,349 shares of the company’s stock valued at $3,708,000 after buying an additional 994 shares in the last quarter. Centiva Capital LP acquired a new position in monday.com in the 3rd quarter valued at $422,000. HighTower Advisors LLC lifted its holdings in shares of monday.com by 31.7% during the third quarter. HighTower Advisors LLC now owns 9,943 shares of the company’s stock worth $2,746,000 after buying an additional 2,391 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of monday.com by 579.3% in the third quarter. Janus Henderson Group PLC now owns 7,683 shares of the company’s stock valued at $2,135,000 after acquiring an additional 6,552 shares during the period. 73.70% of the stock is owned by institutional investors.

monday.com Stock Performance

Shares of NASDAQ MNDY opened at $217.77 on Friday. The firm has a 50 day moving average price of $272.65 and a two-hundred day moving average price of $269.77. The stock has a market cap of $11.06 billion, a P/E ratio of 362.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY) last posted its quarterly earnings data 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 net margin of 3.33% and a return on equity of 6.22%. Analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MNDY has been the topic of a number of recent research reports. DA Davidson raised shares of monday.com from a “neutral” rating to a “buy” rating and set a $350.00 price target on the stock in a research report on Monday, March 17th. Tigress Financial lifted their price target on shares of monday.com from $340.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Citigroup raised monday.com from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $302.00 to $298.00 in a research report on Thursday, January 16th. Jefferies Financial Group dropped their price objective on monday.com from $400.00 to $360.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Piper Sandler increased their target price on monday.com from $345.00 to $385.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $352.64.

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.