monday.com Ltd. (NASDAQ:MNDY) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in monday.com Ltd. (NASDAQ:MNDY - Free Report) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 330,777 shares of the company's stock after acquiring an additional 12,968 shares during the quarter. Geode Capital Management LLC owned approximately 0.69% of monday.com worth $91,447,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of monday.com by 9.8% during the 2nd quarter. Raymond James & Associates now owns 31,845 shares of the company's stock worth $7,667,000 after acquiring an additional 2,850 shares in the last quarter. McAdam LLC purchased a new position in monday.com during the second quarter worth approximately $611,000. Bank of New York Mellon Corp grew its holdings in monday.com by 171.3% in the second quarter. Bank of New York Mellon Corp now owns 273,877 shares of the company's stock valued at $65,938,000 after purchasing an additional 172,919 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of monday.com by 20.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 72,564 shares of the company's stock valued at $17,471,000 after buying an additional 12,460 shares in the last quarter. Finally, ARK Investment Management LLC raised its stake in shares of monday.com by 5.9% during the 2nd quarter. ARK Investment Management LLC now owns 11,742 shares of the company's stock worth $2,827,000 after buying an additional 650 shares during the period. Hedge funds and other institutional investors own 73.70% of the company's stock.

monday.com Trading Up 7.9 %

MNDY stock traded up $17.80 during trading on Friday, reaching $242.49. 2,223,607 shares of the stock were exchanged, compared to its average volume of 751,947. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 591.44, a P/E/G ratio of 7.75 and a beta of 1.25. The business has a 50 day moving average price of $282.23 and a 200-day moving average price of $258.65. monday.com Ltd. has a 1 year low of $170.00 and a 1 year high of $324.99.

monday.com (NASDAQ:MNDY - Get Free Report) last released its quarterly earnings results on Monday, November 11th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.61 by $0.24. The firm had revenue of $251.00 million for the quarter, compared to analyst estimates of $246.17 million. monday.com had a net margin of 2.39% and a return on equity of 4.99%. The business's revenue for the quarter was up 49.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. On average, research analysts anticipate that monday.com Ltd. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MNDY shares. KeyCorp cut shares of monday.com from an "overweight" rating to a "sector weight" rating in a research note on Friday, December 13th. Loop Capital lifted their target price on shares of monday.com from $285.00 to $310.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Needham & Company LLC boosted their target price on shares of monday.com from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Robert W. Baird raised their price target on shares of monday.com from $265.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. Finally, Canaccord Genuity Group boosted their price objective on monday.com from $295.00 to $310.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, monday.com has a consensus rating of "Moderate Buy" and a consensus price target of $309.62.

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.