Geode Capital Management LLC boosted its stake in shares of monday.com Ltd. (NASDAQ:MNDY - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 348,594 shares of the company's stock after buying an additional 17,817 shares during the period. Geode Capital Management LLC owned approximately 0.72% of monday.com worth $81,770,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Clearbridge Investments LLC grew its stake in shares of monday.com by 0.3% in the fourth quarter. Clearbridge Investments LLC now owns 13,501 shares of the company's stock valued at $3,179,000 after buying an additional 44 shares in the last quarter. Prudential Financial Inc. raised its position in shares of monday.com by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 4,122 shares of the company's stock valued at $970,000 after buying an additional 53 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of monday.com by 64.8% during the 4th quarter. Global Retirement Partners LLC now owns 150 shares of the company's stock worth $35,000 after purchasing an additional 59 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of monday.com by 7.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,076 shares of the company's stock valued at $253,000 after buying an additional 76 shares in the last quarter. Finally, Vestcor Inc lifted its stake in monday.com by 16.0% during the fourth quarter. Vestcor Inc now owns 602 shares of the company's stock worth $142,000 after purchasing an additional 83 shares during the last quarter. 73.70% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on MNDY shares. DA Davidson decreased their price target on shares of monday.com from $350.00 to $290.00 and set a "buy" rating on the stock in a report on Monday. Loop Capital cut their price objective on monday.com from $310.00 to $300.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. Scotiabank dropped their target price on monday.com from $400.00 to $315.00 and set a "sector outperform" rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group raised their price objective on shares of monday.com from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Finally, William Blair reaffirmed an "outperform" rating on shares of monday.com in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $349.91.
Check Out Our Latest Stock Report on MNDY
monday.com Trading Down 0.3 %
Shares of NASDAQ MNDY traded down $0.64 during trading on Wednesday, reaching $250.46. 45,248 shares of the company traded hands, compared to its average volume of 803,623. monday.com Ltd. has a 12-month low of $174.75 and a 12-month high of $342.64. The stock has a market cap of $12.72 billion, a P/E ratio of 417.72, a PEG ratio of 16.53 and a beta of 1.34. The firm's fifty day simple moving average is $269.80 and its 200 day simple moving average is $267.57.
monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings data 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 net margin of 3.33% and a return on equity of 6.22%. As a group, research analysts expect that monday.com Ltd. will post 0.46 EPS 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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