Park Avenue Securities LLC Takes $241,000 Position in monday.com Ltd. (NASDAQ:MNDY)

Park Avenue Securities LLC purchased a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,023 shares of the company's stock, valued at approximately $241,000.

A number of other hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of monday.com in the 3rd quarter valued at about $43,000. Toronto Dominion Bank bought a new position in monday.com in the second quarter worth about $120,000. Vestcor Inc boosted its stake in monday.com by 31.4% in the third quarter. Vestcor Inc now owns 519 shares of the company's stock valued at $144,000 after acquiring an additional 124 shares during the period. Larson Financial Group LLC grew its holdings in shares of monday.com by 645.7% during the third quarter. Larson Financial Group LLC now owns 604 shares of the company's stock valued at $168,000 after purchasing an additional 523 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position in shares of monday.com by 18.2% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 650 shares of the company's stock worth $181,000 after purchasing an additional 100 shares during the period. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Stock Down 0.3 %

monday.com stock traded down $0.77 during mid-day trading on Friday, hitting $248.13. The company's stock had a trading volume of 649,483 shares, compared to its average volume of 753,036. The stock has a market capitalization of $11.98 billion, a P/E ratio of 605.20, a P/E/G ratio of 6.29 and a beta of 1.30. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $324.99. The stock's fifty day moving average price is $254.09 and its two-hundred day moving average price is $259.69.

monday.com (NASDAQ:MNDY - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported $0.85 earnings per share (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 analysts' expectations of $246.17 million. During the same period in the previous year, the firm posted $0.15 EPS. The company's quarterly revenue was up 49.5% on a year-over-year basis. Equities analysts expect that monday.com Ltd. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MNDY shares. Loop Capital lowered their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Piper Sandler lowered their price target on shares of monday.com from $350.00 to $345.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Needham & Company LLC lifted their price objective on shares of monday.com from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Oppenheimer upped their target price on shares of monday.com from $275.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Finally, Capital One Financial began coverage on shares of monday.com in a research note on Thursday, October 10th. They issued an "overweight" rating and a $325.00 price target on the stock. Five analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $310.68.

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.