FMR LLC boosted its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 78.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,701,952 shares of the company's stock after acquiring an additional 1,189,858 shares during the period. FMR LLC owned about 5.60% of monday.com worth $636,147,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of MNDY. Oppenheimer & Co. Inc. grew its position in shares of monday.com by 24.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,765 shares of the company's stock worth $1,593,000 after acquiring an additional 1,318 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in monday.com during the 4th quarter worth $245,000. Bailard Inc. grew its position in monday.com by 147.5% during the 4th quarter. Bailard Inc. now owns 7,055 shares of the company's stock worth $1,661,000 after purchasing an additional 4,204 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of monday.com by 3.4% in the fourth quarter. Bank of New York Mellon Corp now owns 255,455 shares of the company's stock valued at $60,144,000 after buying an additional 8,329 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new stake in shares of monday.com in the fourth quarter valued at about $241,000. Institutional investors and hedge funds own 73.70% of the company's stock.
monday.com Price Performance
MNDY stock traded up $9.93 on Monday, hitting $250.74. 201,729 shares of the company were exchanged, compared to its average volume of 805,381. The stock has a market capitalization of $12.73 billion, a price-to-earnings ratio of 417.90, a price-to-earnings-growth ratio of 16.53 and a beta of 1.34. The business's fifty day moving average is $270.36 and its two-hundred day moving average is $267.87. monday.com Ltd. has a twelve month low of $174.75 and a twelve month high of $342.64.
monday.com (NASDAQ:MNDY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.50 earnings per share (EPS) 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%. Equities research analysts expect that monday.com Ltd. will post 0.46 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on monday.com from $275.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 11th. William Blair reiterated an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Wells Fargo & Company upped their price target on shares of monday.com from $340.00 to $380.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Cantor Fitzgerald lifted their price target on shares of monday.com from $292.00 to $380.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Piper Sandler upped their price target on monday.com from $345.00 to $385.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, monday.com has an average rating of "Moderate Buy" and an average price target of $352.64.
Check Out Our Latest Report on monday.com
monday.com Company Profile
(
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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