Eventide Asset Management LLC Has $84.73 Million Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Eventide Asset Management LLC trimmed its position in monday.com Ltd. (NASDAQ:MNDY) by 4.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,035 shares of the company’s stock after selling 13,882 shares during the quarter. monday.com comprises approximately 1.5% of Eventide Asset Management LLC’s holdings, making the stock its 17th largest position. Eventide Asset Management LLC owned 0.63% of monday.com worth $84,730,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MNDY. FMR LLC lifted its position in monday.com by 112.0% during the 3rd quarter. FMR LLC now owns 1,512,094 shares of the company’s stock worth $420,014,000 after acquiring an additional 798,791 shares during the last quarter. Jennison Associates LLC lifted its position in shares of monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company’s stock worth $202,905,000 after purchasing an additional 318,837 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company’s stock valued at $107,176,000 after purchasing an additional 313,279 shares during the period. Renaissance Technologies LLC boosted its stake in monday.com by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company’s stock valued at $270,299,000 after purchasing an additional 188,800 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in monday.com by 171.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company’s stock valued at $65,938,000 after buying an additional 172,919 shares during the last quarter. 73.70% of the stock is owned by institutional investors.

monday.com Trading Down 2.1 %

Shares of monday.com stock opened at $286.95 on Friday. monday.com Ltd. has a 1-year low of $170.00 and a 1-year high of $324.99. The firm’s 50-day moving average price is $284.00 and its two-hundred day moving average price is $253.54. The stock has a market capitalization of $13.85 billion, a price-to-earnings ratio of 699.88, a P/E/G ratio of 8.00 and a beta of 1.31.

monday.com (NASDAQ:MNDY) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.24. monday.com had a return on equity of 4.99% and a net margin of 2.39%. The business had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. As a group, equities research analysts predict that monday.com Ltd. will post 0.85 EPS for the current year.

Analyst Ratings Changes

MNDY has been the subject of several research reports. Capital One Financial assumed coverage on monday.com in a research report on Thursday, October 10th. They issued an “overweight” rating and a $325.00 price objective for the company. Canaccord Genuity Group raised their price target on shares of monday.com from $295.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Citigroup upped their price objective on shares of monday.com from $296.00 to $327.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Loop Capital lifted their target price on monday.com from $285.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $300.00 price target on shares of monday.com in a report on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $310.81.

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.