CWA Asset Management Group LLC bought a new stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,729 shares of the company's stock, valued at approximately $758,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of monday.com by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,164,566 shares of the company's stock valued at $714,781,000 after acquiring an additional 31,304 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of monday.com by 20.2% during the second quarter. Renaissance Technologies LLC now owns 1,122,690 shares of the company's stock valued at $270,299,000 after acquiring an additional 188,800 shares in the last quarter. 1832 Asset Management L.P. increased its position in shares of monday.com by 34.4% during the second 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. Eminence Capital LP grew its position in monday.com by 1.4% in the 2nd quarter. Eminence Capital LP now owns 470,717 shares of the company's stock worth $113,330,000 after purchasing an additional 6,349 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in monday.com by 33.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 415,584 shares of the company's stock worth $93,868,000 after purchasing an additional 103,094 shares during the period. Institutional investors own 73.70% of the company's stock.
monday.com Stock Down 15.3 %
NASDAQ:MNDY traded down $49.67 on Monday, hitting $274.64. The stock had a trading volume of 3,118,115 shares, compared to its average volume of 706,479. The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 341.00, a PEG ratio of 15.22 and a beta of 1.31. The company has a fifty day moving average price of $278.88 and a two-hundred day moving average price of $246.22. monday.com Ltd. has a 1-year low of $150.10 and a 1-year high of $324.99.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.23. The company had revenue of $236.11 million for the quarter, compared to analyst estimates of $227.96 million. monday.com had a net margin of 4.88% and a return on equity of 4.74%. As a group, analysts anticipate that monday.com Ltd. will post 0.5 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on MNDY shares. DA Davidson lifted their target price on shares of monday.com from $250.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 25th. UBS Group lifted their price target on shares of monday.com from $240.00 to $280.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 13th. Baird R W upgraded shares of monday.com to a "hold" rating in a research note on Tuesday, July 23rd. Wells Fargo & Company lifted their price target on shares of monday.com from $315.00 to $330.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Finally, TD Cowen lifted their price target on shares of monday.com from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $306.60.
Check Out Our Latest Report on monday.com
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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