CIBC Private Wealth Group LLC raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 264.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 555,929 shares of the company's stock after buying an additional 403,255 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 1.15% of monday.com worth $126,407,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of MNDY. FMR LLC boosted its holdings in monday.com by 112.0% during the third quarter. FMR LLC now owns 1,512,094 shares of the company's stock worth $420,014,000 after buying an additional 798,791 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of monday.com by 13.7% in the 4th quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock worth $195,606,000 after acquiring an additional 100,333 shares during the last quarter. State Street Corp raised its position in shares of monday.com by 3.8% during the third quarter. State Street Corp now owns 587,879 shares of the company's stock worth $163,295,000 after purchasing an additional 21,585 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of monday.com by 2.9% during the third quarter. Two Sigma Advisers LP now owns 540,300 shares of the company's stock valued at $150,079,000 after purchasing an additional 15,300 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of monday.com by 23.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock valued at $117,708,000 after purchasing an additional 96,222 shares during the period. Institutional investors and hedge funds own 73.70% of the company's stock.
Analyst Ratings Changes
MNDY has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of monday.com from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, February 10th. William Blair reaffirmed an "outperform" rating on shares of monday.com in a research note on Wednesday, December 18th. Canaccord Genuity Group boosted their price target on monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of monday.com from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Tigress Financial boosted their target price on shares of monday.com from $340.00 to $450.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Three research 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $352.64.
Read Our Latest Research Report on monday.com
monday.com Stock Down 9.9 %
NASDAQ MNDY traded down $26.32 during midday trading on Thursday, hitting $240.28. The company had a trading volume of 750,915 shares, compared to its average volume of 793,103. The firm has a fifty day simple moving average of $273.56 and a two-hundred day simple moving average of $270.34. monday.com Ltd. has a fifty-two week low of $174.75 and a fifty-two week high of $342.64. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 400.47, a P/E/G ratio of 16.53 and a beta of 1.27.
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 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%. As a group, equities analysts predict that monday.com Ltd. will post 0.46 earnings per share for the current year.
About monday.com
(
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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