Arrowstreet Capital Limited Partnership Purchases 96,222 Shares of monday.com Ltd. (NASDAQ:MNDY)

Arrowstreet Capital Limited Partnership grew its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 499,950 shares of the company's stock after acquiring an additional 96,222 shares during the period. Arrowstreet Capital Limited Partnership owned 1.04% of monday.com worth $117,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. DnB Asset Management AS raised its position in monday.com by 1.7% in the 4th quarter. DnB Asset Management AS now owns 6,534 shares of the company's stock worth $1,538,000 after purchasing an additional 109 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in shares of monday.com by 19.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 1,289 shares of the company's stock worth $303,000 after acquiring an additional 214 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of monday.com by 46.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,687 shares of the company's stock valued at $3,929,000 after acquiring an additional 5,295 shares during the period. Norges Bank acquired a new stake in monday.com in the fourth quarter worth about $116,686,000. Finally, Loomis Sayles & Co. L P bought a new stake in monday.com during the 4th quarter worth about $44,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

monday.com Trading Down 6.8 %

NASDAQ MNDY traded down $15.86 during trading on Friday, reaching $217.77. The company's stock had a trading volume of 1,708,715 shares, compared to its average volume of 801,734. monday.com Ltd. has a 12 month low of $174.75 and a 12 month high of $342.64. The firm has a 50 day moving average price of $272.65 and a 200 day moving average price of $269.77. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 362.95, a price-to-earnings-growth ratio of 16.53 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MNDY shares. Cantor Fitzgerald lifted their price target on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price target on the stock in a research note on Tuesday, February 11th. Scotiabank decreased their price objective on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research note on Monday, March 17th. DA Davidson raised monday.com from a "neutral" rating to a "buy" rating and set a $350.00 target price on the stock in a research note on Monday, March 17th. Finally, Wells Fargo & Company boosted their target price on monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.