APG Asset Management US Inc. Takes Position in monday.com Ltd. (NASDAQ:MNDY)

APG Asset Management US Inc. bought a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,179 shares of the company's stock, valued at approximately $278,000.

Several other institutional investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. boosted its holdings in monday.com by 24.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after buying an additional 1,318 shares during the period. SBI Securities Co. Ltd. bought a new position in monday.com in the fourth quarter valued at $245,000. Bailard Inc. grew its position in monday.com by 147.5% during the fourth quarter. Bailard Inc. now owns 7,055 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,204 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of monday.com by 3.4% during the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in monday.com in the fourth quarter valued at approximately $241,000. 73.70% of the stock is owned by hedge funds and other institutional investors.

monday.com Stock Performance

Shares of NASDAQ:MNDY traded up $5.69 on Tuesday, reaching $251.49. The company's stock had a trading volume of 256,129 shares, compared to its average volume of 805,236. The company has a 50-day simple moving average of $270.09 and a 200 day simple moving average of $267.69. The company has a market cap of $12.77 billion, a P/E ratio of 419.15, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 52-week low of $174.75 and a 52-week high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last released its earnings results on Monday, February 10th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.28). monday.com had a net margin of 3.33% and a return on equity of 6.22%. On average, equities research analysts forecast that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MNDY has been the subject of a number of research reports. KeyCorp raised shares of monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target for the company in a research note on Tuesday, February 11th. Piper Sandler increased their target price on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Scotiabank lowered their price target on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. Barclays boosted their price objective on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Finally, Needham & Company LLC increased their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, monday.com presently has a consensus rating of "Moderate Buy" and an average price target of $349.91.

monday.com Company 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.