Curi RMB Capital LLC Raises Stock Holdings in monday.com Ltd. (NASDAQ:MNDY)

Curi RMB Capital LLC boosted its holdings in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 22.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,514 shares of the company's stock after buying an additional 7,309 shares during the quarter. Curi RMB Capital LLC owned approximately 0.08% of monday.com worth $9,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC increased its position in shares of monday.com by 78.7% during the fourth quarter. FMR LLC now owns 2,701,952 shares of the company's stock worth $636,147,000 after purchasing an additional 1,189,858 shares in the last quarter. Jennison Associates LLC lifted its stake in monday.com by 13.7% in the fourth quarter. Jennison Associates LLC now owns 830,811 shares of the company's stock valued at $195,606,000 after buying an additional 100,333 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in monday.com by 264.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 555,929 shares of the company's stock valued at $126,407,000 after buying an additional 403,255 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of monday.com by 23.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 499,950 shares of the company's stock worth $117,708,000 after acquiring an additional 96,222 shares during the last quarter. Finally, Norges Bank purchased a new stake in monday.com in the 4th quarter valued at $116,686,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MNDY shares. KeyCorp raised monday.com from a "sector weight" rating to an "overweight" rating and set a $420.00 price objective for the company in a research report on Tuesday, February 11th. Barclays boosted their price target on shares of monday.com from $325.00 to $360.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Citigroup upgraded shares of monday.com from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $302.00 to $298.00 in a research report on Thursday, January 16th. The Goldman Sachs Group raised their price target on monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, Canaccord Genuity Group increased their price target on shares of monday.com from $310.00 to $375.00 and gave the company a "buy" rating in a 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, monday.com has an average rating of "Moderate Buy" and a consensus price target of $343.09.

monday.com Price Performance

MNDY stock traded up $17.69 during midday trading on Thursday, hitting $265.68. The stock had a trading volume of 748,212 shares, compared to its average volume of 802,452. The firm has a market cap of $13.49 billion, a PE ratio of 442.80, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The company's 50-day moving average price is $261.57 and its 200 day moving average price is $266.32. monday.com Ltd. has a 12-month low of $179.02 and a 12-month high of $342.64.

monday.com (NASDAQ:MNDY - Get Free Report) last announced 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%. As a group, sell-side analysts anticipate that monday.com Ltd. will post 0.46 EPS for the current year.

monday.com Company Profile

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.