Bank of Montreal Can Buys 8,454 Shares of monday.com Ltd. (NASDAQ:MNDY)

Bank of Montreal Can boosted its holdings in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 62.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,097 shares of the company's stock after buying an additional 8,454 shares during the period. Bank of Montreal Can's holdings in monday.com were worth $5,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNDY. Stonebridge Financial Group LLC acquired a new stake in monday.com in the 4th quarter valued at $25,000. Arcadia Investment Management Corp MI acquired a new stake in shares of monday.com in the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in shares of monday.com in the 4th quarter worth about $33,000. Signaturefd LLC increased its position in shares of monday.com by 157.1% during the 4th quarter. Signaturefd LLC now owns 144 shares of the company's stock worth $34,000 after purchasing an additional 88 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock valued at $35,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 73.70% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of monday.com from $292.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Scotiabank dropped their price target on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a report on Monday, March 17th. Tigress Financial lifted their price objective on monday.com from $340.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 21st. Citigroup upgraded monday.com from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $302.00 to $298.00 in a report on Thursday, January 16th. Finally, Needham & Company LLC lifted their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, monday.com presently has an average rating of "Moderate Buy" and an average price target of $349.91.

monday.com Trading Down 1.6 %

Shares of NASDAQ:MNDY traded down $4.06 during mid-day trading on Friday, reaching $246.28. The stock had a trading volume of 551,631 shares, compared to its average volume of 806,248. The firm has a 50 day simple moving average of $268.04 and a two-hundred day simple moving average of $267.24. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64. The firm has a market cap of $12.50 billion, a PE ratio of 410.47, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34.

monday.com (NASDAQ:MNDY - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.50 earnings per share 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 anticipate that monday.com Ltd. will post 0.46 EPS for the current fiscal year.

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.