Channel Wealth LLC Invests $986,000 in monday.com Ltd. (NASDAQ:MNDY)

Channel Wealth LLC bought a new position in monday.com Ltd. (NASDAQ:MNDY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,188 shares of the company's stock, valued at approximately $986,000.

A number of other large investors have also bought and sold shares of MNDY. FMR LLC boosted its stake in monday.com by 112.0% in the third quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after purchasing an additional 798,791 shares in the last quarter. Jennison Associates LLC lifted its position in monday.com by 77.5% during the 3rd quarter. Jennison Associates LLC now owns 730,478 shares of the company's stock worth $202,905,000 after buying an additional 318,837 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in monday.com by 431.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 385,843 shares of the company's stock worth $107,176,000 after acquiring an additional 313,279 shares during the last quarter. 1832 Asset Management L.P. increased its position in monday.com by 34.4% in the 2nd quarter. 1832 Asset Management L.P. now owns 667,500 shares of the company's stock valued at $160,707,000 after acquiring an additional 170,800 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of monday.com in the second quarter worth about $28,747,000. 73.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on MNDY shares. Wells Fargo & Company increased their price target on shares of monday.com from $315.00 to $330.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. DA Davidson restated a "neutral" rating and set a $300.00 target price on shares of monday.com in a research report on Tuesday, November 12th. Scotiabank decreased their price target on monday.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a report on Thursday. Loop Capital dropped their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Finally, Capital One Financial initiated coverage on shares of monday.com in a research report on Thursday, October 10th. They set an "overweight" rating and a $325.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $310.48.

monday.com Price Performance

NASDAQ MNDY traded up $1.06 during trading on Friday, reaching $241.67. 514,590 shares of the company's stock were exchanged, compared to its average volume of 974,598. The business has a 50 day moving average price of $257.66 and a 200-day moving average price of $259.36. The stock has a market capitalization of $11.67 billion, a P/E ratio of 589.44, a PEG ratio of 5.41 and a beta of 1.30. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, November 11th. The company reported $0.85 earnings per share 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 analyst estimates of $246.17 million. During the same period in the previous year, the firm earned $0.15 EPS. The firm's revenue was up 49.5% compared to the same quarter last year. On average, analysts forecast that monday.com Ltd. will post 0.85 earnings per share for the current 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.