Headlands Technologies LLC bought a new position in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,423 shares of the company's stock, valued at approximately $3,160,000.
Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of monday.com by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,039 shares of the company's stock worth $6,677,000 after acquiring an additional 1,353 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of monday.com by 8.0% in the third quarter. The Manufacturers Life Insurance Company now owns 13,349 shares of the company's stock valued at $3,708,000 after purchasing an additional 994 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of monday.com by 25.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 19,361 shares of the company's stock worth $5,378,000 after buying an additional 3,900 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of monday.com by 10.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,437 shares of the company's stock worth $29,009,000 after buying an additional 10,285 shares during the period. Finally, Verition Fund Management LLC grew its stake in monday.com by 52.2% in the 3rd quarter. Verition Fund Management LLC now owns 15,475 shares of the company's stock valued at $4,298,000 after buying an additional 5,306 shares during the last quarter. 73.70% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on MNDY. Loop Capital cut their price objective on shares of monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a research report on Monday, December 23rd. Piper Sandler boosted their price target on monday.com from $345.00 to $385.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Wells Fargo & Company increased their price objective on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. William Blair reissued an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Finally, Tigress Financial upped their price target on shares of monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, monday.com currently has an average rating of "Moderate Buy" and an average price target of $352.64.
Get Our Latest Analysis on MNDY
monday.com Stock Performance
Shares of MNDY traded down $15.86 during trading hours on Friday, reaching $217.77. The stock had a trading volume of 1,708,715 shares, compared to its average volume of 802,306. The stock has a market capitalization of $11.06 billion, a PE ratio of 362.95, a PEG ratio of 16.53 and a beta of 1.34. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The company's 50-day moving average is $272.65 and its two-hundred day moving average is $269.85.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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 net margin of 3.33% and a return on equity of 6.22%. Equities analysts anticipate that monday.com Ltd. will post 0.46 earnings per share for the current fiscal year.
monday.com Company Profile
(
Free Report)
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.
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